AVP- KYC Review & Approval-Corporate (Emiratized Role)
Full time
at First Abu Dhabi Bank PJSC
in
UAE
Posted on January 31, 2025
Job details
AVP- KYC Review & Approval-Corporate (Emiratized Role)
- Full-time
- Sub Division: Credit - Administration
- Division: GCOO
- To review and approve KYC Customer Due Diligence (CDD). This can be either new on-boarding, trigger events or periodic reviews. This role is focused on Corporate & IB.
- Main stakeholders are Clients, Coverage Bankers (Region / Global), KYC Operations Team, Compliance, Offshore Support Team.
- Experience in risk management field and proven experience in supporting the development of business activities whilst robustly applying risk management disciplines and controls.
- Previous experience of developing relationships by communicating, influencing and negotiating effectively with business heads, senior managers, consultants and technical experts across the whole department and businesses.
- Be aware of the strategic clients and their longer-term requirements by engaging with the Coverage Bankers when they undertake the Business Case and client selection process.
- Ensure adherence to all internal policies/procedures and external regulatory requirements at all times.
- Previous experience on handling post facto transaction review for all correspondent banking clients and knowledge of key principles like Nesting & Downstream activities will be an added advantage.
- Perform post facto transaction analysis for correspondent banks on an annual basis, and flag any Nested payments to Compliance & Coverage Bankers.
- On need basis support AVP, Coverage Bankers, Business Compliance to conduct EDD Meetings with Correspondent Banks where applicable.
- Perform independent analysis of high-risk factors and as an outcome of key risk indicators escalate the relevant case to Financial Crime Compliance teams (FCC).
- Efficiency - Adherence to the escalation and abandonment policy.
- Prioritization – maintain the discipline in partnership with the local business. Communicate consistency to internal and external stakeholders to ensure that the cases are accepted through the approved channels and expectations are managed appropriately.
- Along with managing the approval process for CDD delivery; also support and participate in various change management & digital initiatives also involve in providing, Advisory, drafting SOPs, Checklists, internal MEMOs etc.
- Develop and manage relationships with Corporate & Investment Banking stakeholders across business lines and supporting functions.
- Undertake strong support and communication with both internal & external clients to facilitate efficient client onboarding & offboarding.
- Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
- Manage the KYC & Onboarding team by tracking against objectives and motivating staff to maximize performance.
- 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 direct and indirect reports to drive adherence to organizational values and ethics and foster a value-driven culture within the bank.
- Identify opportunities for continuous improvements to CIB Onboarding, KYC related systems, processes and practices based on risks and control deficiencies identified.
- Ensure information for MI related to Investment Banking segment, for On-boarding & KYC is prepared and presented on a periodic basis.
- Ensure exceptions are updated in CDD Exception tracker and tracked to resolution. Tracker to be circulated to relevant stakeholders on a monthly basis.
- Monitor monthly KYC KRI/KPI reports.
- Interact with other stakeholders and help the KYC teams achieve KIRs/KPIs.
- Bachelor’s degree or higher in management, banking, finance, preferably with certification in compliance, KYC/AML/CFT, financial crime or risk management.
- Minimum of 7-10 years of experience in a reputable financial institution.
- Minimum of 3-5 years of experience within an On-boarding and KYC role.
- Relevant experience (AML/KYC/compliance related) with an understanding of financial institutions KYC requirements.
- Understanding of the end-to-end KYC and client onboarding processes.
- Familiarity with AML/KYC regulations and industry guidelines (e.g. UAE Regulations, FATF, JMLSG, 3rd, 35th & 5th EU Money Laundering Directive, US PATRIOT Act).
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