Website Emirates NBD
Emirates NBD, the leading banking group in the region was formed on 16th of October 2007 when the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The Emirates NBD 2007 merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD), became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the United Arab Emirates (UAE) to form a banking champion with the largest asset base in the GCC region summing up to AED 281.6 billion as at 31st December 2009, capable of delivering enhanced value across corporate, retail, Islamic and investment banking throughout the Gulf Cooperation Council (GCC) region
Compliance Officer – UAE National Only
Job Description
This role is reserved for a UAE National – In line with the UAE Government’s strategy in empowering and developing nationals, Emirates NBD is committed to welcoming the young generation into an innovative, modern, and supportive work environment to contribute to the nation’s success. We are looking to find the best UAEN talent to join our ENBD family.
The Anti-Money Laundering Officer is responsible for assisting the Anti-Money Laundering Manager in managing the Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) Program and Payments screening, to ensure that suspicious and unusual transactions are monitored, investigated and reported as per regulatory requirements and in compliance with internal policy. Approve payments.
On a day-to-day basis you will be responsible for:
- Ensure internal compliance to Central Bank’s AML regulations and Banks AML policy by accurate analysis and investigation of RFIs adhering to the laid down procedures.
- Reviewing/investigating FCRM Alerts and Cases processed by Offshore team / Tanfeeth team and ensure Quality is as expected.
- Undertaking any testing requirements on the AML or related systems that is required on account of system enhancements/upgrades and ensuring that such tests are conducted accurately and within the prescribed deadlines working with business compliance and system management team.
- Review policy and procedure and provide feedback for any changes.
- Support the manager in analyzing the Trend and Pattern of the Alerts generated and DS performance and preparing in various Dashboards highlighting any deviations of process by the offshore as requested by the Senior Management.
- Meet TAT as agreed with stakeholders.
- Monitoring and mitigating risk in a timely and effective manner whilst keeping Senior Management, Compliance fully informed of action taken and the outcomes.
- Ensure all ad-hoc requests from RFI Manager are met within the prescribed deadlines.
- Meet Quality levels as per standards laid down in TMU procedure manual.
- Complete corrective actions for issues raised by QA unit.
To be successful in this role, you will need the following skills and experience:
- Bachelor’s degree is essential.
- Professional certifications in AML from an internationally recognized body is desirable.
- 7+ years of banking experience in a recognized regulated market, of which at least 5 years must be in Compliance/ AML roles.
- Previous experience in similar role.
- UAE banking/regulatory experience preferred.
- Comprehensive knowledge of local AML Compliance requirements and international best practice.
- Analyze and understanding AML regulations and regulatory requirements.
What we offer you:
- Competitive salary package
- Market-leading incentives
- Strong emphasis on work-life balance and wellbeing across the bank
- Preferential banking facilities for employees
- Generous annual leave entitlement and Private Healthcare
- World-class Learning & Development platform and career development
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