Assistant Compliance Manager - AML

Job DescriptionThis position is for UAENThe Compliance unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in. Significantly this includes compliance with Sanctions, Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulatorsSetting out the relevant regulatory requirements and expectations that the Bank must comply with in an Obligations Register which then maps these to the Bank’s policies, procedures an d processes Working with the business to monitor and set appropriate policies, procedures and processes to ensure compliance with regulatory requirements, expectations and industry best practices. Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures. This includes the provision of training on key policies and procedures such as Sanctions, AML and CTF. Undertaking periodic, risk based, Compliance Monitoring to ensure the Bank’s policies and procedures are being complied with and escalates to management significant non-compliance. Managing key Compliance systems such as Customer Screening, Transaction Screening and AML Monitoring. Managing the case investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities. Responding to all regulatory requests to review and provide relevant information (e.g. customer, transaction, policy, procedure, training, compliance monitoring and process details) or cooperation in a timely manner. Responding to all requests received from LEA and provide the relevant information within timelines. Job PurposeThe Assistant Compliance Manager – AML Senior is responsible to assist AML Manager in ensuring that the bank complies with all relevant external laws and regulations pertaining to Financial Crime Risk that are applicable to the Bank. Working with the business to monitor and set appropriate policies, procedures and processes to ensure compliance with regulatory requirements, expectations and industry best practices. Managing the case investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities. Responding to all requests received from the Regulators/LEAs and provide the relevant information within timelines. Assist Financial Crime Risk Compliance functions in internal & external audit reviews and regulatory examinations. Drive delivery of objectives in line with organizational strategy enabling the achievement of functional or regional results Champions and embeds best practice management and administrative procedures in own area of responsibility and support or drive implementation of transformational change Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures. This includes the provision of training on key policies and procedures such as Sanctions, AML and CTF. Working with the relevant Business, Governance and other stakeholders to monitor and set appropriate procedures and processes to ensure strict compliance with the relevant regulatory and policy requirements, expectations and industry best practices in the area of Financial Crime Compliance. Assist in providing official written and informal guidance and advice on Financial Crime Compliance matters to the respective businesses as and when required (e.g. on a client, product or transaction basisTaking a leading role by proactively participating in Compliance meetings. Taking initiative by highlighting potential concerns, whilst suggesting potential solutions. Ensure that the SAR logs and all associated files are kept up to-date and that the data is correctly capturedAbout YOU:Bachelor Degree Minimum of 3+ years of experience in risk management or Compliance functions related to transaction monitoring, data research & analysis. Hands on experience in identifying compliance risks and risk mitigationsStrong experience leveraging proprietary databases (e.g., Lexis-Nexis, World-check, Factiva, etc.) for research purposesThe role holder should possess prior experience in reviewing regulatory, law enforcement, military, commercial (e.g. research / media) or Financial intelligence gathering environmentGood understanding of the key AML & Sanctions Compliance risks pertinent to the core activities within the bank, covering Retail, Corporate, Treasury, Private Banking, Investment Banking, Brokerage and Asset Management