Vice President AML Investigations And RRU

Mashreq; Dubai; On-site; AED 500,000 - 900,000; Full time

Job summary

Mashreq in Dubai seeks an experienced AML leader to oversee investigations and analysis, managing on-shore investigators and a broader analytics team across CoEs, covering products in RBG, CIBG and FI where applicable.

You will act as Deputy MLRO, decide on STR filings, oversee the Regulatory Response Unit, and stay ahead of AML/CTF rules. You will advise embedded compliance, drive analytics initiatives, and strengthen the bank’s AML controls and customer experience.

Responsibilities

• Oversee and manage AML Investigations and Analysis programme, leading a team of on-shore Investigators and (indirectly) Analysts in CoEs, covering in-scope products in RBG, CIBG and where applicable, FI
• Decide on cases warranting STRs to UAE FIU as Deputy MLRO / MLRO delegate
• Oversee and manage the operations of Regulatory Response Unit
• Maintain awareness of AML & CTF requirements and legal environment, identifying issues impacting risk profile/reputation
• Provide AML advice to Embedded Compliance, Business, Technology, Digital/Analytics and Operations
• Escalate emerging issues to ensure risk reduction and reputation protection in AML matters
• Support risk management frameworks for emerging businesses including FinTechs, PSPs, Digital Asset/VASPs
• Develop and run the AML Intelligence Exchange capability
• Lead strategic tech and analytics projects to improve risk coverage and customer experience in AML
• Support sustainable AML product roadmaps and systems
• Support optimization of TM models
• Drive efficiency improvements in AML risk management
• Deliver efficiency plans balancing cost/resource optimization with risk coverage
• Manage regulatory reviews, internal audits and assurance activities
• Respond promptly to regulatory and law enforcement inquiries

Job description

Job Description:

• Oversee and manage AML Investigations and Analysis programme, leading a team of on-shore Investigators and (indirectly) team of Analysts in CoEs, covering in-scope products in RBG, CIBG and where applicable, FI
• Take decisions on cases that warrant filing STRs to the Financial Intelligence Unit of the United Arab Emirates in the capacity of Deputy Money Laundering Reporting Officer (MLRO) / MLRO delegate
• Oversee and manage the operations of Regulatory Response Unit
• Maintain ongoing awareness / knowledge of all applicable internal / external AML & CTF requirements and existing/emerging legal / statutory environment, proactively identifying issues that could impact the risk profile / reputation of the Bank
• Provide AML advice and guidance in relation to AML Investigations to the Embedded Compliance functions, Business, Technology, Digital / Analytics and Operations
• Promptly escape emerging, critical issues to ensure risk reduction and reputation risk management of the Bank in relation to AML matters
• Support development of appropriate risk management frameworks for emerging businesses and partnerships including FinTechs, Payment Service Providers, Digital Asset / VASPs
• Develop and run the AML Intelligence Exchange capability
• Support strategy setting and spear-head delivery of critical technology and advanced analytics projects to improve risk coverage, reduce inefficiencies in processes and contribute to improving Customer Experience insofar as AML processes are concerned
• Support development of a sustainable and future-ready Product Roadmap for all systems and technology supporting Compliance AML
• Support continual optimization of TM models
• Develop projects to continually optimize and improve efficiency of AML risk management capabilities
• Develop and deliver ongoing efficiency improvement plans including cost and resource optimization without compromising capability / risk coverage
• Manage regulatory review, internal audits and assurance reviews effectively
• Promptly respond to regulatory and law enforcement queries