Senior Analyst - Financial Crime Compliance Quality Control

Senior Analyst - Financial Crime Compliance Quality Control

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:

• The development, review and maintenance of an effective FCC Quality Control framework, methodology and associated checklist to enable QC reviews to be conducted across the Client Acceptance Advisory, Transaction Monitoring and Anti Money Laundering (AML) Investigation functions within Global Financial Crimes Compliance (GFCC) 
• Undertaking timely, high quality reviews of new and existing client files to ensure that the Client Acceptance Advisory function is operating in alignment with the regulatory requirements, applicable policy provisions and standard operating procedures

• Query and interrogate the completeness, accuracy, reliability and integrity of alerts investigated by the Transaction Monitoring (TM) team in response to alerts generated by the SAS AML system to ensure all are followed through to successful conclusion

• Conducting analyses on closed TM alerts in order to assess the reliability and accuracy of the alert closure decision

• Assessing the Investigation Reports produced by the AML Investigations team to ascertain the quality of the submission, to assess the completeness of documentation collected in support of the decision, in order to assess the linkage of information/data utilised to derive the report outcome and associated decision

• Conducting targeted or thematic reviews across the CAA and/or TM/AML functions to in response in order to identified key risk triggers

• Producing reports and Management Information (MI) arising from the QC reviews conducted in order to provide a view of key outcomes, identified trends, and to identify areas of enhancement

• Tracking remediation actions taken to address review outcomes, and ensuring appropriate reporting thereof in order to provide governance guidance 
• Performing assessment of root causes in order to make appropriate recommendations for addressing identified deficiencies which could range from recommending policy or procedural updates, development of guidance notes or training and awareness, as applicable

The ideal candidate should have the following experience

• At least 4 years of experience/exposure in a QC role  ideally within a Financial Crime Compliance function (previous experience in a banking environment is preferred)
• Bachelor’s Degree with relevant specialisation
• Thorough knowledge of UAE AML regulatory framework and global best practices including CBUAE AML regulations
• Strong communication and presentation skills
• Proficient Microsoft Office skills (Word; Excel and PowerPoint)
• Understanding of banking systems, reports and workflows
• Excellent research and analytical skills and ability to apply judgment.
• Influential skills and ability to lead meetings and deliver difficult messages, when necessary.
• Strong relationship management skills and time management skills
• Ability to work flexibly, autonomously, and co-operatively in a collaborative team environment

What we offer:

• Competitive Salary:  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.