AVP- KYC Review & Approval-Corporate

Job Title: AVP- KYC Review & Approval-Corporate (Emiratized Role) Job Purpose: In accordance with UAE and international Anti-Money Laundering Requirements, banks such as FAB are obliged to perform Know-Your-Client ('KYC') reviews on all new clients they adopt and periodic reviews of these clients. To lead and manage the KYC & Onboarding function, ensure it is fit for purpose and meets international best practice standards. The centralized team will perform the client On-boarding approval role, ensuring documentary evidence meets internal guidelines and regulatory expectations and adherence to Group KYC standards. Key Accountabilities:

Corporate and Investment Banking Group

• Review and approve KYC Customer Due Diligence (CDD) for new on-boarding, trigger events, or periodic reviews focused on Corporate & Investment Banking.
• Main stakeholders are Clients, Coverage Bankers (Region/Global), KYC Operations Team, Compliance, and Offshore Support Team.
• Experience in risk management and supporting the development of business activities while applying risk management disciplines and controls.
• Develop relationships by communicating, influencing, and negotiating with business heads, senior managers, consultants, and technical experts.
• Engage with Coverage Bankers to understand strategic clients and their longer-term requirements.
• Ensure adherence to all internal policies/procedures and external regulatory requirements.
• Experience in post facto transaction review for correspondent banking clients and knowledge of key principles like Nesting & Downstream activities is advantageous.
• Perform annual post facto transaction analysis for correspondent banks and flag any Nested payments to Compliance & Coverage Bankers.
• Support AVP, Coverage Bankers, and Business Compliance in conducting EDD Meetings with Correspondent Banks when applicable.
• Perform independent analysis of high-risk factors and escalate relevant cases to Financial Crime Compliance teams (FCC).
• Maintain discipline in partnership with the local business and communicate consistently with internal and external stakeholders.
• Review questionnaires such as Wolfsberg, AML & Sanctions appropriately.
• Manage the approval process for CDD delivery and participate in various change management & digital initiatives.

Relationship Management

• Develop and manage relationships with Corporate & Investment Banking stakeholders.
• Facilitate efficient client on-boarding & off-boarding through strong support and communication.
• Deliver fair outcomes for customers and maintain orderly and transparent financial markets.

People Management

• Manage the KYC & Onboarding team, tracking objectives and motivating staff.
• Support the Department in delivering KYC and Onboarding related training.
• Provide guidance and on-the-job training for staff and conduct knowledge-sharing sessions.
• Act as a role model to drive adherence to organizational values and ethics.

Continuous Improvement

• Identify opportunities for continuous improvements to CIB Onboarding and KYC related systems, processes, and practices.

Reporting

• Prepare and present MI related to Investment Banking segment for On-boarding & KYC on a periodic basis.
• Update CDD Exception tracker and monitor resolution; circulate tracker to relevant stakeholders monthly.
• Monitor monthly KYC KRI/KPI reports and assist KYC teams in achieving KIRs/KPIs.

• Bachelor's degree or higher in management, banking, finance; certification in compliance, KYC/AML/CFT, financial crime, or risk management preferred.
• Minimum of 7-10 years of experience in a reputable financial institution.
• Minimum of 3-5 years of experience in an On-boarding and KYC role.
• Relevant experience (AML/KYC/compliance) with an understanding of financial institutions' KYC requirements.
• Understanding of the end-to-end KYC and client on-boarding processes.
• Familiarity with AML/KYC regulations and industry guidelines (e.g. UAE Regulations, FATF, JMLSG, EU Money Laundering Directives, US PATRIOT Act).

• Banking
• Broking

• Finance
• Treasury