Executive Manager Sanctions Advisory

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

Job summary

A leading bank in the UAE is seeking an Executive Manager for sanctions compliance. The role involves managing sanctions risks, updating compliance policies, and ensuring adherence to regulations. Ideal candidates should have extensive experience in sanctions and AML, along with strong analytical skills and relevant qualifications.

Benefits

Competitive Salary

Eligibility to participate in rewarding variable pay plans

Qualifications

• At least 8 years of experience in sanctions compliance.
• Exposure to Financial Crime or Anti-Money Laundering (AML) beneficial.
• Knowledge of local, international, and CBUAE rules.

Responsibilities

• Managing the identification of key sanctions risks and deficiencies.
• Reviewing and updating sanctions policies and procedures.
• Maintaining management of account opening KYC escalations related to sanctions risks.

Skills

Analytical skills

Knowledge of sanctions regimes

Understanding of banking transactions

Education

Bachelor's Degree in Commerce or Business Administration

Certification from ACAMS or ACSS

Job description

In this role, your key responsibilities include:

1. Managing the identification of key sanctions risks and deficiencies, detailing and reporting on major sanctions changes, risks, and concerns.
2. Reviewing and updating sanctions policies and procedures as per the defined timelines, including ad hoc requirements or events such as geopolitical or regulatory changes.
3. Researching and reporting trends identified in analytical reviews to ensure all sanctions risks and trending issues are identified and rectified within agreed timelines.
4. Maintaining effective management of account opening Know Your Customer (KYC) escalations related to potential sanctions risks to ensure Bank policies and regulations are adhered to.
5. Working with applicable business units, including vigilance and control teams, to ensure appropriate information sourcing and risk identification.
6. Documenting decisions for reviewed clients and providing advisory for sanctions risks referred by various business units to give final approvals for all escalated cases.

The ideal candidate should have the following experience:

1. At least 8 years of experience in sanctions compliance; exposure to Financial Crime or Anti-Money Laundering (AML) is beneficial.
2. Bachelor's Degree in Commerce or Business Administration.
3. Certification from ACAMS or ACSS is preferred.
4. Knowledge of international sanctions regimes and compliance implications.
5. Exposure to multiple jurisdictions that monitor for and enforce sanctions regulations.
6. Excellent understanding of banking transactions.
7. Knowledge of local, international, and CBUAE rules.
8. Expertise in sanctions risk assessment and mitigation strategies.
9. Strong analytical skills for transaction evaluation and risk identification.

What we offer:

• Competitive Salary: The indicative pay range for this role is AED 40,000 to AED 54,000 per month.
• Eligibility to participate in our rewarding variable pay plans.

Position: Executive Manager

Location: United Arab Emirates