Job Title : Compliance Manager - Retail & Corporate Banking Compliance

Category :

Mashreq Bank Dubai

Posted Date : 03/23/2016

Job Description :

Assist Manager Compliance in day-to-day operations of ECF unit, ensuring compliance to Bank’s AML/KYC policies/procedures and Regulatory requirements in RBG.
Assist Manager Compliance in supporting the business by providing Compliant solutions to regulatory and intervene where necessary to stop a transaction/process/business proposal.
The role of the Compliance Manager is not just restricted to monitoring compliance to statutory regulations/guidance notes issued by the UAE Central Bank &/or other regulatory authorities - the Compliance Manager must pro-actively and promptly escalate any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by either UAE CENTRAL BANK or any other regulatory authority.
Assist Manager Compliance in the implementation of Compliance initiatives in RBG - as may be determined / guided by HO-Compliance from time-to-time.
Maintain ongoing awareness/current knowledge of all applicable internal/external compliance requirements and existing/emerging legal/statutory/regulatory environment – identifying any issues that could impact the bank.
Ensure Bank’s internal procedures/policies remain compliant with regulations/changes – providing guidance/advice to Branch Management as necessary.
Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
Assist in communicating all Regulatory Notices/Circulars to all concerned areas.
Assist in developing/maintaining/updating the KYC/AML Policy.
Assist in AML/Compliance Training programs to all business group staff on an ongoing basis as required/necessary (including new staff within 3 months of joining) to raise awareness and ensure all staff understand their responsibilities/obligations with regard to Corporate/AML Policies and regulatory/legal/statutory requirements, etc.
Ensure ‘AML-Staff Declaration Forms’ are completed by all business group Staff on an annual basis.
Review account opening requests of High-risk customers and provide clearance.
Supervise compliance staff and provide necessary guidance and coaching to them on ongoing basis.
Assist in encouraging a strong compliance culture/environment in business group Divisions.
Assist in preparation of all Reports/MIS/MERs on issues of Compliance/AML and ensure that same are provided in a timely manner to the Manager Compliance and HO-Compliance, as well as any reports that are required by UAE CENTRAL BANK/other regulators – any critical issues to be promptly escalated.
Assist in ensuring that all business group Product Programs, SOPs etc. are in compliance with UAE CENTRAL BANK requirements as well as MashreqBank AML/KYC Policy - and that transactions are monitored accordingly.
Assist in developing & administering the AML reporting network across business group to ensure it is working effectively and propose changes/highlight issues as necessary.
Assist in analyzing suspicious transactions reported by units/branches, undertake investigations where required, and submit (as appropriate) STR (Suspicious Transaction Report) to UAE CENTRAL BANK in a timely manner with complete and accurate information.
Assist in responding in a timely manner to Compliance/AML related queries/investigations of UAE CENTRAL BANK/HO/Other Regulators/Law Enforcement Agencies, as well as provide expert guidance to branches/units upon referrals/queries.
Ensure implementation of Customer Screening through World-Check & other Negative Lists provided by HO/UAE CENTRAL BANK across all business segments in business group.
Provide all required assistance in driving the implementation of SAS AML System for business group – ensuring any mapping/scenario/parameterization issues in business group environment are appropriately resolved in a timely fashion, coordinating with all units/areas in business group and HO as necessary.
Ensure all SAS alerts are monitored on an on-going basis with timely investigation/closure and recommend any changes to scenarios/parameters as may be appropriate in business group environment.
Ensure all transactions under any subsequent/new product launches in business group are appropriately mapped/covered in the SAS AML System.
Represent Compliance in any ad hoc projects as directed by the Manager Compliance.
Project manage any compliance led projects as directed by Manager Compliance.
Desired Skills and Experience
Around 5-7 years of experience with Multinational Banks in the Compliance Function is essential for the role.
A strong sales/operational background would also be very useful.
Professional qualification in business / commerce / economics / law.
Sound knowledge of international banking law / practice and products / services.
Specific and / or transferable knowledge / experience related to compliance / AML / Central Bank regulations.
Ability to plan/organize
Commitment to results
Ability to influence & negotiate
Decision making ability
Team player and participation experience in variety of banking initiatives and solutions.
Excellent decision making ability and administrative and interpersonal
Computer literate and strong command of written and spoken English. Arabic is an advantage

Benefits Offered : As per UAE Law