Specialist - Name Screening (AML/FLOD)

GSSTech Group; United Arab Emirates; On-site; AED 183,000 - 258,000; Full time

Job summary

A prominent bank in the United Arab Emirates is seeking a specialist for Name Screening to support its Compliance Monitoring Program. The role involves handling surveillance activities, performing investigations of Name/Batch Screening alerts, and ensuring adherence to regulatory guidelines. Ideal candidates should have a Bachelor's degree, at least 2 years of banking experience, and strong communication skills. This position offers an opportunity to work in a dynamic regulatory environment.

Qualifications

• Minimum 2 years of experience in a reputed bank.
• Preferably 1 year in a Compliance role.
• Fair knowledge of Sanctions and AML/CTF regulations.

Responsibilities

• Perform investigations of Name/Batch Screening alerts.
• Record rationale for clearance of alerts.
• Escalate unresolved cases to relevant units.
• Gather information from internal and external databases.
• Conduct enhanced due diligence investigations.

Skills

Excellent communication skills

Positive attitude

Interpersonal skills

Education

Bachelor’s degree in management, banking, finance, or a related field

Certification in compliance, transaction monitoring, KYC/AML

Job description

The Specialist – Name Screening is critical to supporting the bank's robust Sanctions Compliance Monitoring Program and AML Transaction Monitoring Program. This role ensures adherence to bank policies and procedures to maintain compliance with regulatory guidelines regarding Name/Batch Screening/Sanctions Screening and other monitoring requirements. The job holder handles the First Line of Defence (FLOD) Surveillance activities for Name (Batch) Screening, covering the complexities of regulations and procedures across all jurisdictions.

Core Duties & Responsibilities

• Customer Name Screening & Investigation: Perform First and Second Level Investigation and clearance of Name/Batch Screening/FSK (Onboarding screening) alerts.
• Record the rationale for clearance for an array of clients across UAE and International geographies.
• Escalate cases not cleared by investigation to the respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.
• Gather supportive information from a list of internal and external databases based on global standard processes.
• Conduct searches, gather data, and record evidence from internal systems, the internet, and through enquiry with the business.
• Conduct enhanced due diligence investigations in support of policies and procedures.
• Request RFI (Request for Information) for potential matches.
• Investigate documents in line with Group Sanctions Policy or department procedures.
• Record and retain alerts and cases in line with record keeping requirements of the respective jurisdictions.
• Build and apply knowledge of sanctions and anti-money laundering processes.

Strategic Contribution & Compliance

• Support the implementation of the Bank’s Group-wide Compliance strategy within the First Line of Defence.
• Stay abreast with the control environment, control appropriateness, effectiveness, and control testing tools and techniques available within the Bank.
• Support the business lines in extending their products by way of reviewing and screening their clients’ transactions with regard to the Sanctions and overall AML/CTF risks associated.
• Measure the appropriateness and screening capabilities of the product platforms with the Surveillance systems of the Bank.
• Maintain complete knowledge of all Regulatory compliance, Sanctions and AML policies & guidelines relevant to bank international network.
• Understand industry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program.
• Possess knowledge of changing and evolving regulations laid down by the bank, Executive Office, and International governing bodies.
• Effectively contribute from a FLOD perspective for future revisions to bank Compliance policy & guidelines.

Continuous Improvement & Reporting

• Identify opportunities for continuous improvements to Name/Batch Screening related systems, processes and practices based on risks and control deficiencies identified.
• Recommend, initiate, and implement optimisations to screening methodologies and parameters to maximise cost efficiency and effectiveness of regulatory compliance.
• Work closely with the Technology, Data & Reporting Team on KPIs and KRIs for reporting to senior stakeholders.
• Ensure information for MI (Management Information) related to Customer Name Screening is delivered to the Technology, Data and Reporting team in a timely manner.
• Manage similar reporting for International Branches and match their reporting requirement and standards.
• Support the implementation of Internal Audit, Regulatory Compliance, and Group Compliance SLOD recommendations for findings pertaining to Sanctions Name Screening.
• Responsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain.

Required Qualifications & Experience

• Education: Bachelor’s degree or higher in management, banking, finance, or a related field.
• Preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime, or risk management.
• Experience: Minimum of 2 years of experience in a reputed bank.
• Preferably 1 year in a Compliance role.
• Fair knowledge and capabilities to decipher Sanctions and AML/CTF regulations for Global regimes.

Skills & Attributes

• Excellent communication skills, both written and spoken.
• Positive and enthusiastic attitude.
• Excellent interpersonal skills.