Job Description

Job Title Specialist- Payments Sanctions Monitoring

Description

2. JOB PURPOSE: Responsible for supporting the implementation of a robust Compliance Monitoring Program for the bank ensuring adherence to the policies and procedures of the bank to confirm compliance with the Regulatory guidelines with regard to Sanctions Screening and other monitoring requirements.Responsible for the First Line of Defense Surveillance activities undertaken for:-Sanctions (Payments) ScreeningEnsure the monitoring program covers the complexities of regulations and procedures required to be adhered to by all FAB jurisdictions.KEY ACCOUNTABILITIES: Job Specific AccountabilitiesStrategic ContributionSupport the implementation of the Bank's Group-wide Compliance strategy within the First Line of Defence to ensure the efficient management of the Sanctions Payment Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.Stay abreast with the controls environment, control appropriateness and effectiveness and control testing tools and techniques available within the Bank and work closely with the Second Line in Group Compliance to continuously identify and define requirements, gaps, and strategies to manage the Risk Appetite of the Bank.A good understanding of monitoring and control testing tools and techniques ability in line with the Bank's defined control testing and monitoring objectives.Flexible working hours, morning / late or evening shifts. Team member should be flexible to work on Friday or UAE holiday as unit works all on days of week including Eid holidaysFlexible for Covering weekends, public holidays, considering current 360 working days. On-call 24/7 for urgent Payments/message action required belong to international units considering the different timing hours. People ManagementEffectively contribute to define the training and competency framework for the Sanctions Payment Screening Team.Provide guidance and on the job training for colleagues and conduct knowledge sharing sessions locally as well as to International Teams.Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the bank.Continuous ImprovementIdentify opportunities for continuous improvements to Sanctions Payment Screening related systems, processes and practices based on risks and control deficiencies identified.ReportingWorking closely with the Technology, Data & Reporting Team on KPI's and KRIs for reporting to senior stakeholders.Ensure information for MI related to Sanctions Payment Screening is delivered to the Technology, Data and Reporting team in a timely manner.Manage similar reporting for International Branches and match their reporting requirement and standards.Payment ScreeningThe job holder should possess and be abreast with complete knowledge of all:-Regulatory compliance, Sanctions and AML policies & guidelines relevant to FAB's international networkIndustry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branchesChanging and evolving regulations laid down by the CBUAE and International governing bodies.Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.Analyst responsibilities in performance of :First Level Investigation and clearance of Payments Screening alerts along with recording the rationale for clearanceEscalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions.GenericResponsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain.Participate in relevant projects as per the project guidelines set by the Group ComplianceQualificationsQUALIFICATIONS & EXPERIENCE: Minimum QualificationBachelor's degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk managementTechnical Competencies/ ExperienceMinimum of 3-5 years of experience in a reputed bankMinimum of 2 years of experience preferably in an Sanctions Payment Screening roleFair knowledge and capabilities to decipher Sanctions and AML/ CTF regulations for Global regimes.Excellent communications skills, written and spoken.Positive and enthusiastic attitudeAble to work on weekends, public holidays, and evening shift till midnight., on call 24/7

You have applied correctly

A message has been sent to the employer, you are going to receive the reply soon. Good luck!

You have applied correctly

The request has been sent correctly. However, we have seen that your resume is incomplete. We highly recommend you to fill it to let the employer know you. These are the fields you have empty: