Manager - Compliance & AML - Banking

Manager - Compliance & AML - United Arab Emirates (UAE)

A. Compliance & AML

1. Develop, implement, and administer the Bank's Compliance & AML program, considering local and international banking regulations laws, policies, and procedures.

2. Work closely with the reporting authority, in overseeing compliance program, develop strategic plan, review risk assessment and monitor compliance.

3. Oversee operational compliance with local & international, e.g. CBUAE & OFAC, Compliance & AML laws and regulations that the bank is subject to, in order to prevent money laundering and terrorism financing within the bank.

4. Advise on Compliance & AML risk management by identifying monitoring, and mitigating potential risk.

5. Provide periodic reports, and escalate high non-Compliance & AML issues to the reporting authority.

6. Advise and oversee training of Bank staff on Compliance, AML policies and regulations.

7. Review and write compliance related policies, and oversight on compliance related procedures, forms, and manuals.

8. Assist Management to comply with applicable statutory, regulatory, and supervisory requirements.

9. Liaise with other risk & control departments like Operational Risk, Legal, and Internal Audit on risk related issues, as well as non-compliance with internal policies, legislation, rules, and regulations.

B. Internal Control

1. Oversee actions of HO Operations via concurrent audits and exams; and advise on deficiencies & risks identified.

2. Oversee adherence to policies and procedures, and escalate any issues where non-compliance is not addressed.

3. Recommend updates, changes, and improvements to policies and procedures as necessary, whether due to inadequacy of current ones, or changes in Compliance or AML laws and regulations.

TRAINING, EXPERIENCE & SKILLS :

- Minimum of five years experience in compliance, preferably including a combination of other banking activities such as operations and customer service.

- General knowledge and understanding of banking, as well as legislation, rules and regulations impacting banking.

- Ability to communicate effectively in English, verbally and in writing, to clearly express logically reasoned ideas.

- Update knowledge and develop professionally on a continuing basis through various training resources, external & internal.