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 Policies 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.

Assist in the preparation of the required management information reporting data to Senior Management, Board of Directors and/or Regulator, as applicable.

Assist in the investigation, reporting and resolution of discrepancies and irregularities arising from failure on process, oversight, system, etc.

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.

Participate in various change management programs with respect to operational processes, policies, data quality, and any other relevant departmental strategies.

Identify, analyse, report and explore proposed course of actions to line management in relation to changes in AML/CFT and Sanctions program 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

Assist in the preparation of any regular or ad-hoc report requests including MI.

Job Context

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

Conduct initial review of any unusual transaction highlighted by Business, investigate and request additional information or supporting documents as required, and if need be, escalate to AVP - KYC, AML and Sanctions Compliance.

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

Be the first set of eyes on the periodic testing of activity (RCSA), to ensure that the day-to-day related activities are performed as per the department\'s standard operating procedures (SOP) and any irregularities are highlighted within the established time period.

Follow up on any missing information or documents requested by the AML staff for the resolution of TM or customer screening alerts.

Responsible for the preparation of STR report on suspicious transactions and freezing action(s) report on confirmed matches against the UN consolidated list and UAE terrorist list.

Provide on-going support to ensure that the version and functionality of TM and customer screening technology solutions are maintained and kept up to date.

Support the Compliance team on performing the annual company-wide AML/CFT Risk Assessment

Support the Compliance team on all on-going and upcoming project and tasks assigned.

Monitor, ensure timely escalation and own proposed course of actions to line supervisor to address identified risks and red flags, if any, that has potential ML/FT and Sanctions risk exposure.

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 5 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