AVP- KYC Review Approval-Corporate Emiratized Role
Detalhes do emprego
JOB PURPOSEIn 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, ensuring it is fit for purpose and meets international best practice standards. The centralized team will perform the client onboarding approval role, which can be either new onboarding trigger events or periodic reviews. It will ensure the documentary evidence meets internal guidelines and regulatory expectations. Additionally, adherence to Group KYC standards needs to be enforced.KEY ACCOUNTABILITIES:Corporate and Investment Banking GroupA team leader for the centralized client onboarding approval team which will conduct the following activities:Review and approve KYC Customer Due Diligence (CDD), focusing on Corporate & IB.Main stakeholders are Clients Coverage Bankers (Region/Global), KYC Operations Team, Compliance, and Offshore Support Team.Experience in risk management and proven ability to support the development of business activities while applying risk management disciplines and controls.Develop 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 strategic clients and their longer-term requirements by engaging with Coverage Bankers during the Business Case and client selection process.Ensure adherence to all internal policies/procedures and external regulatory requirements at all times.Experience handling post-facto transaction reviews for 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.Support AVP Coverage Bankers and Business Compliance to conduct EDD Meetings with Correspondent Banks where applicable.Perform independent analysis of high-risk factors and escalate relevant cases to Financial Crime Compliance teams (FCC).Adhere to the escalation and abandonment policy.Maintain discipline in partnership with the local business and communicate consistently to ensure cases are accepted through approved channels.Review questionnaires such as Wolfsberg AML & Sanctions appropriately.Manage the approval process for CDD delivery and support various change management & digital initiatives, including providing advisory, drafting SOPs, checklists, and internal memos.Relationship ManagementDevelop and manage relationships with Corporate & Investment Banking stakeholders across business lines and supporting functions.Facilitate efficient client onboarding & offboarding through strong support and communication with both internal & external clients.Deliver fair outcomes for customers and ensure conduct maintains the orderly and transparent operation of financial markets.People ManagementManage 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.Continuous ImprovementIdentify opportunities for continuous improvements to CIB onboarding KYC related systems, processes, and practices based on risks and control deficiencies identified.ReportingEnsure information for MI related to Investment Banking segment for Onboarding & KYC is prepared and presented periodically.Ensure exceptions are updated in the CDD Exception tracker and tracked to resolution, with the tracker circulated to relevant stakeholders monthly.Monitor monthly KYC KRI/KPI reports.Interact with stakeholders to help KYC teams achieve KIRs/KPIs.Qualifications:Minimum QualificationBachelor's degree or higher in management, banking, finance, preferably with certification in compliance, KYC/AML/CFT, financial crime, or risk management.Minimum ExperienceMinimum of 7-10 years of experience in a reputable financial institution.Minimum of 3-5 years of experience within an onboarding and KYC role.Relevant experience (AML/KYC/compliance related) with 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, 4th & 5th EU Money Laundering Directive, US PATRIOT Act).Remote Work:NoEmployment Type:Full-time
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