Home UAE Senior Specialist - KYC / Client Acceptance Advisory - (UAE Nationals Only) Abu Dhabi Commercia[...]

Home UAE Senior Specialist - KYC / Client Acceptance Advisory - (UAE Nationals Only) Abu Dhabi Commercia[...]

Senior Specialist - KYC / Client Acceptance Advisory - (UAE Nationals Only) Abu Dhabi Commercia[...]

Full time at a Laimoon Verified Company in UAE
Posted on November 14, 2024

Job details

Job title: Senior Specialist - KYC / Client Acceptance Advisory - (UAE Nationals Only)Company: Abu Dhabi Commercial BankJob description: Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.About the Business area: Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank's risk appetite and profile.Key Responsibilities:Be a part of the Client Acceptance Advisory team, ensuring accurate/high quality enhanced due diligence (EDD)/customer due diligence (CDD) reviews/assessments and de-risking strategies.Conduct regular reviews/sampling of account opening/know your customer (KYC) documentation to ensure high quality reviews are being completed within agreed turnaround times (TAT).Oversee the completion of risk assessments on reviewed clients, the advice being provided and decisions being taken on new to bank account opening requests to ensure high quality, accuracy and compliance with regulatory requirements.Provide monthly reports to UAE Central Bank on customer profiles in order to meet regulatory reporting requirements.Oversee the exit strategies being determined by the team in relation to flagged customers/closed accounts, the reports being sent to UAE Central Bank and associated MIS to ensure effective closure of accounts and to mitigate anti-money laundering (AML), KYC and sanctions risks in the organisation.Minimum Requirements:At least 4 years of experience in compliance in a bank or regulatory authority.Bachelor's Degree in Finance, Accounting, Commerce or Business Administration.Understanding of CDD, EDD, AML and Sanctions.Clear understanding of documentation requirements for EDD.Exposure to banking transactions.Exposure to both corporate & individual clients.Understanding of local/International and Central Bank rules and regulatory requirements.Microsoft Office (Word, Excel and PowerPoint).At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.Expected salary:Location: United Arab EmiratesJob posting date: Sat, 08 Jun 2024 00:45:49 GMTApply for the job now!

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