Compliance Analyst
| 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 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 AML and Counter Terrorist Financing CTF 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 processes including 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 Managing key Compliance systems such as Payment Sanction Screening Customer Screening Transaction Screening and AML Monitoring Brief Description: 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 regulatory requests to review and provide infoeg customer transaction policy procedure training compliance monitoring and process details or cooperation intimely manner Detailed Description: The Payment Sanction Screening Compliance Analyst is responsible for assisting the Payment Screening Unit in managing the Groups Anti Money Laundering AML and Combating Terrorist Financing CTF Program and for ensuring that all payments referred to EI Compliance through the Payments Screening System PSS are reviewed and processed in line with local regulatory requirements Group requirements and best practice The incumbent should be able to display knowledge to combat AML in payments and work within the environment of high volumes in payments Job Requirements: Performing a review of all payments referred to EI Compliance through the Payments Screening System or other trigger and within the agreed turnaround times submitting recommendations for further review to the PSS Checker Review of supporting documents provided by business for the payment and assess completeness and AML risk Followup any declined payments 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 Assist the PSS Manager in providing ongoing advice guidance and support regarding all payment related queries and sanctions related matters Reviewing transactions analyzing AML Sanctions impact advising on sanctions requirements and supporting Business Units and OPC in such matters Enhancing of AML sanctions controls through the addition of prohibited names entities to internal watchlists in the PSS Assist the PSS Manager in executing all decisions on additions deletions Deny List Bad BICs Accept List Blacklisted Countries etc related to the Payments Screening System to ensure that the AML sanctions risk to the Group are effectively managed Provide support to the PSS Manager in all PSS project related initiatives Assisting the PSS Manager with system enhancements coverage of additional business areas and any testing required by the Compliance Unit as well as other project related tasks required Ensure inputs of MI as requested by Compliance Management Providing accurate and meaningful MI to Compliance management on all aspects Raising SARs on customers where warranted a Analyse and investigate the underlying reasons behind queries returns on transactions from Corrs Banks b Write STRs where warranted for the customers with suspicious transactions Qualifications a. Knowledge Areas A broad understanding of the various local and international regulatory requirements that affect the business Good Knowledge of Banks core banking system Finacle working knowledge of SWIFT payments knowledge of the external sanctions and internal rules and policies around sanctions b. Skill Areas Good written and oral communications skills Good knowledge of AML transaction monitoring and customer payment screening systems Good time management skills and adherence to deadlines essential Analytical and attention to detail AML Investigative skills and experience desirable c. Behaviors required for culture fit Very strong team player Committed to creating a continuous improvement culture within a team and organization Interpersonal abilities to present a business friendly image to all internal and external stakeholders Good teamwork skills to establish and maintain effective business relationship with key stakeholders d. Prior Work Experience Overall banking experience of at least 3 years of which at least 2 years should have been in a Payments Remittances operational role or within a specific sanctions compliance role |
