Manager - Financial Crime Compliance

Financial Crime Compliance Manager - AML Investigation 

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:

• To investigate and report suspicious activity and transaction cases that have been referred by peers or external/internal stakeholders and act as the deputy Money Laundering Reporting Officer (MLRO) to ensure end-to-end management and escalation of the Anti-Money Laundering (AML) process for the Bank
• Manage the daily investigation activities and detection of transactions related to the crimes of money laundering, financing of terrorism and of illegal organisations in order to report suspicions to the Central Bank Financial Intelligence Unit (FIU) and cooperate with the Competent Authorities in relation to Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) duties
• Investigate suspicious cases referred by the AML Monitoring Unit and cases raised by other external/internal stakeholders in order to ensure escalation of the AML process and support the reporting of such suspicious cases to the Central Bank
• Take final decisions and consult with the MLRO as needed on suspicious activity reporting to Central Bank in order to meet regulatory obligations
• Develop and update regulatory and statutory reporting programmes, such as Suspicious Activity Report (SAR), liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting
• Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations
  Leverage data analysis platforms and review analytics/ modelling techniques in order to uncover abnormal financial transactions and complex relationships
  Analyse trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks
• Provide recommendations for changes to existing policies, processes, systems and procedures to accommodate any regulatory changes relating to AML to ensure it is aligned with international best practices/standards
• Review and produce periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO
• Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
  Organise and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems

The ideal candidate should have the following experience:

• At least 7 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 Finance, Accounting or relevant specialisation
• Intermediate knowledge of Microsoft Office, MANTAS System
  Knowledge of CBUAE Regulations and Money-Laundering Legislation
  Knowledge of Banking rules and regulations of United Arab Emirates

What we offer:

• Competitive Salary: The indicative pay range for this role is AED 28,000 - AED 42,000 per month. 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.