Assistant Manager Compliance
| Company Name: | Emirates Islamic |
| Employment Type: | Full Time |
| Location: | Dubai |
| Experience: | 2-5 years |
| Degree: | Bachelor |
| Gender: | Any |
| Age: | Any |
| Nationality: | Any |
| Salary: | Unspecified |
| No. Of Vacancies: | 1 |
| Job Description: |
| Department Description: The Compliance Unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators The Organization Unit achieves this by Setting out the relevant regulatory requirements and expectations that the Bank must comply with in an Obligations Register which then maps these to the Banks policies procedures and processesincluding systems Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures This includes the provision of training on key policies and procedures such as Sanctions AML and CTF Undertaking periodic risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied with and escalates to management significant noncompliance Brief Description: Managing key Compliance systems such as Payment Sanction Screening Customer Screening Transaction Screening and AML Monitoring Managing the alert investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities Responding to all regulatory requests to review and provide relevant informationeg customer transaction policy procedure training compliance monitoring and process details or cooperation in a timely manner Detailed Description: The Payment Sanction Screening Compliance Assistant Manager is responsible for assisting the Payment Screening Unit in managing the Groups AntiMoney LaunderingAML and Combating Terrorist FinancingCTF Program and for ensuring that all payments referred to Group Compliance through the Payments Screening SystemPSS are approved in line with Group requirements and local and international regulations The incumbent should be able to display knowledge to combat AML in payments and work within the environment of high volumes in payments150200 reviews a day Job Requirements: Performing a review of all payments referred to EI Compliance through the Payments Screening System or from other trigger and within the agreed turnaround times and approve or reject the payment Assess the supporting documents and arrive at a reasonable decision driven by facts and policy guidelines Performing a review of all queriesLive and Post received from correspondent bank follow up with the respective Business units assess the supporting documents and arrive at a reasonable decision driven by facts and policy guidelines preparing final response and responsible for onward submission to Tanfeeth unit Correspondent bank within the agreed turnaround times Initiate and demonstrate evidence of follow up with the Business Units for a compliance report on all declined payments as per agreed procedures and necessary action on the relationship Reviewing transactions analyzing AMLsanctions impact advising on requirements Assist the PSS Manager in executing all decisions on additionsdeletions related to the Payments Screening System to ensure that the AMLsanctions risk to the Group are effectively managed Assisting the PSS Manager with system enhancements coverage of additional business areas and any testing required by Group Compliance as well as other projectrelated tasks required Raising SARs on customers where warranted Providing accurate and meaningful MI to Compliance management on all aspects related to the PSS Initiate and assist the PSS Manager with ad hoc tasks requests and projects a Analyse and investigate the underlying reasons behind queries returns on transactions from Correspondent Banks b Write STRs where warranted for the customers with suspicious transactions Qualifications Candidate with relevant work experience |
