Executive Manager - AML Investigation and Deputy MLRO

Abu Dhabi Commercial Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

Join Abu Dhabi Commercial Bank as an Executive Manager in AML Investigation and Deputy MLRO, where you will lead the charge against financial crime. This role emphasizes compliance, risk management, and regulatory reporting to safeguard the bank's integrity, making it ideal for seasoned professionals in the industry.

Benefits

Competitive Salary

Comprehensive Benefits Package

Flexible and Remote Working Options

Learning and Development Opportunities

Qualifications

• At least 8 years of experience/exposure to Banking transactions, Compliance.
• Knowledge of CBUAE Regulations and Money-Laundering Legislation.
• Experience with Regulatory Anti Money Laundering requirements.

Responsibilities

• Oversee daily investigation activities related to money laundering.
• Develop and update regulatory reporting programs, including SARs.
• Design and deliver training on AML/CFT to Bank employees.

Skills

Experience in Banking transactions

Knowledge of Microsoft Office

Data analysis skills

Education

Bachelor’s degree in related field

Professional Qualifications AML accredited certification

Tools

MANTAS System

Job description

Executive Manager - AML Investigation and Deputy MLRO

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area, Group Compliance & Governance:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include:

• Oversee the daily investigation activities and detection of transactions related to the crimes of money laundering, financing of terrorism and of illegal organizations in order to report suspicions to the Central Bank Financial Intelligence Unit (FIU) and cooperate with the Competent Authorities in relation to Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) duties
• Investigate suspicious cases referred by the AML Monitoring Unit and cases raised by other external/internal stakeholders, reporting on findings and making recommendation for action to ensure escalation of the AML process and support the reporting of such suspicious cases to the CBUAE
• Review presented data/report, taking final decisions on actions to be taken, consulting with the MLRO as needed on suspicious activity reporting to CBUAE in order to meet regulatory obligations
• Develop and update regulatory and statutory reporting programs, such as Suspicious Activity Report (SAR), liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting
• Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations
• Leverage data analysis platforms and review analytics/ modelling techniques in order to uncover abnormal financial transactions and complex relationships
• Analyse trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks
• Design and deliver training on AML/CFT to Bank and Compliance employees including latest developments/trends to ensure competence levels are maintained
• Provide recommendations for changes to existing policies, processes, systems and procedures to accommodate any regulatory changes relating to AML to ensure it is aligned with international best practices/standards
• Review and approve periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO

The ideal candidate should have the following experience

• At least 8 years of experience/exposure to Banking transactions, Compliance, Client Acceptance and exposure to Regulatory Anti Money Laundering requirements in a Bank
• Bachelor’s degree in related field
• Professional Qualifications AML accredited certification
• Knowledge of Microsoft Office, MANTAS System
• Knowledge of CBUAE Regulations and Money-Laundering Legislation
• Knowledge of Banking rules and regulations of United Arab Emirates

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.