Company Description

About Magnati

Magnati is a regional leader in the payment solutions industry focused on direct acquiring, issuer processing and acquiring processing.

Magnati provides government, merchant and institutional clients with an intelligent payments platform that monetises data, using next generation technology to deliver improved experiences and increased efficiency. The Magnati brand is charged with energy and potential and is set to transform payments into possibilities.

Headquartered in Abu Dhabi, Magnati\'s expertise and relationships provide a platform for Magnati to attract international partners, while setting a new standard for innovation and delivery in the payments industry.

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JOB PURPOSE:

Perform the day-to-day related activities that ensures implementation of all AML/CFT and Sanction Policy, and KYC Manual/Policy and Procedures including but not limited to transaction monitoring (TM) and customer screening.

Review and appropriately action assigned TM and screening alerts, and any highlighted suspicious transaction(s) within the agreed SLA.

Actively support and assist the line supervisor with the review of higher risk customers by gathering additional information or performing follow-ups on investigation of activities.

Execute periodic reprofiling of customers basis of their risk classification

Attend all Mandatory and related training to attain insight of Magnati\'s businesses, products, services as well as compliance requirements

Maintain an ongoing relationship and work in close contact with Business and other relevant functions to ensure appropriate support is provided on pending documents, follow-ups, and on-going investigations, among others.

KEY ACCOUNTABILITIES:

Strategic Contribution

Support the implementation of Compliance\'s AML/CFT and Sanctions program.

Report to line supervisor without delay any issues identified in relation to AML/CFT and Sanctions program, KYC processes and system issues.

People Management

Not applicable

Budgeting and Financial Planning

Not applicable

Policies, Systems, Process & Procedures

Support Compliance Team in the implementation of AML/CFT and Sanctions policies, procedures, and processes.

Continuous Improvement

Identify opportunities for continuous improvement related to systems, processes and practices based on deficiencies identified, if any.

Reporting

Not applicable

Job Context

Appropriate closure of assigned TM and screening alerts within the agreed SLA

Deliver high standard of quality in all KYC review within the predefined SLA, and in line with Magnati\'s KYC manual/policies and procedures.

Arrange and prepare required documents including but may not be limited to EDD form, PEP/FPEP approval form, Customer Risk Assessment Methodology (CRAM) tool form, and then Liaise with line supervisor for approval of higher risk customers

Perform customer screening on scheduled, periodic and ad-hoc basis.

Ensure timely escalation and own proposed course of actions to line supervisor to address identified risks and red flags, if any, during the review of customer\'s documentation at the time of onboarding or during reprofiling process

Develop good understanding of the overall KYC requirements and operational processes and support the team in all KYC related inquiries from stakeholders.

Embrace continuous changes and challenges and handle various initiatives and ad-hoc projects as assigned by the line supervisor.

Work in close and continuous collaboration with other team members and stakeholders to achieve predefined objectives and resolve any issues during daily tasks.

Track all assigned requests from different stakeholders and ensure to respond within the agreed timeline

Follow up on any missing information or documents that may be required for the completion of KYC review, both at the time of onboarding and during the reprofiling process and/or for resolution of TM or customer screening alerts.

Qualifications

QUALIFICATIONS & EXPERIENCE:

Core Competencies

An understanding of AML/CFT and Sanctions regulations and legislations/laws.

Proficiency in Microsoft Word, Excel, Outlook and Powerpoint

Well-developed interpersonal, problem-solving, and time-management skills

Strong ability to work as a team player.

Ability to cope with and thrive in a non-routine environment and think creatively

Good written and verbal skills

Minimum Qualification

Bachelor\'s degree or higher.

Certification(s) in AML and Compliance or similar are preferable.

Minimum Experience

Minimum of 3 years of working experience in a financial institution including bank and non-bank financial institutions with a combination of experience in Compliance (FCC, Regulatory and Business Compliance Experience), payments, retail banking products like credit cards, prepaid/WPS cards and E-wallets.

First Abu Dhabi Bank