It-Jobs in Vereinigte Arabische Emirate

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:

• This role holder is responsible for managing, overseeing and supervising Financial Crime Compliance (FCC) function and framework ensuring that AHB’s business activities have appropriate arrangements in place to meet the requirements of financial crime control and applicable local laws and regulations, in addition to ensuring that these arrangements are operating effectively and are in compliance with AHB standards.
• Risk steward, who enables and protects the bank and the market integrity. Understand the power of data, technology. Encourages teamwork. Understand different digital delivery methods and able to adapt in his/her work. Adapts to the scale of output and accelerate every form of interaction and action. Faces the shifts and disruptions with equanimity.
• Develops and guides the strategy for the reporting units, in line with the stated AHB priorities.
• Manages the creation of FCC compliance framework, establishes, maintains, and revises compliance policies and procedures within AHB to prevent illegal, unethical, or improper conduct.
• Take full responsibility for the quality, strength and effectiveness of the bank’s AML/CFT Framework;
• Defines the compliance mandate in financial crime and anti-money laundering (AML) practices, in line with AHB’s overall business and compliance strategy and regulatory requirements.
• Develops effective controls and procedures for identifying, monitoring, reporting and record keeping of suspicious activities along with escalating issues that require review or investigation
• Provides financial crime surveillance and intelligence capabilities to monitor customer interactions and transactions for unusual activity.
• Oversees review of customer accounts and account opening documentation for irregularities and anomalies related to AML/CFT and sanctions.
• Ensures that investigations are conducted in line with the group and regulatory standards for investigations including case management, data capture and reporting.
• Prepares lessons learnt documents (from investigations) and shares with business advisory teams and relevant recipients.
• Conducts continuous review of AHB's procedures and systems to ensure they remain up-to-date and meet current local statutory and regulatory requirements.
• Identifies potential areas of compliance vulnerability and risk related to financial crime and develops/implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.
• Build an AML/CFT infrastructure to enhance its compliance culture.
• Proactively identify fundamental AML/CFT gaps within the bank, and identify areas of improvement, along with action plans
• Institutes and maintains an effective compliance communication program for relevant recipients to create understanding of new and existing FCC compliance issues and related policies and procedures as well manages external communication with Central Bank or correspondent banks to ensure timely responses are provided. JOB DESCRIPTION JOB
• Ensures that all reports (including MIS and central bank reports related to AML, Sanctions & CFT) related to own area are prepared in a timely and accurately manner, and meet the AHB requirements, policies, and standards.
• Supports and provide input to Governance Forums, Board Meeting and regulatory submissions.
• Monitors adherence to all local rules and regulations w/regards to Compliance, AML, KYC and Sanctions policies and procedures at all times and seeks to minimise financial or reputational risk to the bank at all times.

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 CBUAE Regulations and Money-Laundering Legislation
• Knowledge of Banking rules and regulations of United Arab Emirates
• Anti-Money Laundering and Combating Terrorist Finances
• Knowledge of Compliance and Operational Risk Management
• Knowledge of Regulatory and Compliance Requirements
• Managing Quality and Risk

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.