banking jobs in UAE | United Arab Bank careers
United Arab Bank announced, through its Linkedin account, a bank job in UAE (Analyst, Sanctions - Compliance) according to the following:
- Having strong understanding of relevant regulatory requirements and industry best practices.
- Promptly review and action the alerts generated on a daily basis.
- Ensure to Review/analyze Alerts/Cases with active investigation of customer profile, detection scenario logic and the related transactions which have breached the Detection Scenario logic and take prompt /appropriate actions.
- Provide appropriate recommendations/comments for disposition of alerts/cases on the investigation performed for an alert/case as a maker/checker.
- Ensure that all relevant alerts/cases for investigation are based on the ageing of the alert/case and are actioned timely.
- Promptly identify and highlight suspicious transactions to the Assistant Manager – Sanctions with complete investigations/documentations and related requirements for necessary action.
- Ensure complete investigation on alerts related to perpetual customer screening, payments screening, and trade related screenings are in line with Policy/ Procedures and Regulations and highlighting High Risk/ blacklisted customers for necessary actions.
- Conduct FFR/PNMR/IEMS and other regulatory requests in addition to Executive Office communications on time and keeping the Assistant Manager – Sanctions well informed.
- Provide proper Sanctions advisory to the concerned stakeholders based on the regulations and banks approved policy/procedures for transactions related to SWIFT and Trade Finance in consultation with the Assistant Manager – Sanctions.
- To handle Sanctions related projects, POV/POC, enhancements, UAT’s, implementations and keep the Assistant Manager – Sanctions well informed.
- To be constantly updated with local and Global Sanctions related regimes and prepare advisories for the business stakeholders.
- To identify risks and gaps related to Sanctions Unit and escalate the same to the Assistant Manager – Sanctions with an action plan for the resolution.
- Maintaining and updating proper list of Sanctions related individuals and entities in close coordination with the Assistant Manager – Sanctions.
- Maintaining effective coordination with Business Units and ensure that all inquiries/investigations received are handled properly and responded in a timely manner.
- Maintaining MIS / track and follow up with the relevant stakeholders for timely resolution of pending exceptions/alerts/cases and highlight the same to the Assistant Manager – Sanctions.
- Maintaining and updating Sanctions related various MIS’s.
- Promptly respond to all queries related to World –Check, Sanctions Application and Sanctions issues raised by branches and departments.
- Conduct sanctions examinations/reviews of the assigned areas, for identification, monitoring and reporting of suspicious activities.
- Support line manager to handling Regulatory/Internal Audit and External Audit requirements.
- Support line manager to handle and resolve any legacy/ongoing findings/observations related to Sanctions Unit from the regulators, IAD, External Auditors, Consultants etc.
- To maintain highest standard of confidentiality, professional conduct, ethical standards and integrity in the provision of services/activities and interactions in the department. To avoid conflicts of interest and act in the best interests of the organization.
- To handle any other project/task assigned by the Assistant Manager – Sanctions, Head of FCC/MLRO and Chief Compliance Officer.
- To ensure complete adherence of the banks policy and procedures.
- Bachler’s Degree in Business or Banking or Finance or Economics or any other related discipline.
- 3 - 5 years of relevant experience.
- Effective communication skills in English and Arabic are preferable.
- Previous experience in Compliance/Sanctions function in the banking industry.
- Local experience is desirable.
- Knowledge of UAE and international AML / CTF / Sanctions requirements.
- Knowledge of CDD and EDD processes, Sanctions tools, systems and applications.
- Understanding of sanctions strategies and processes.
- Knowledge of AML / CTF / Sanctions regulations and (FATF) standards.
- Experience of Anti Bribery and Corruption activities would be desirable.
- Professional certification such as the CAMS/ CGSS and/ or ICA would be desirable.
To know more details about the vacancy and how to apply kindly check the link below:
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