AML Alerts Manager

Fields of Work:
Banking / Financial Services

Job Description:

Role Purpose: Manage the Group Compliance Department, AML & CTF Alerts
Investigation Team (Level ‎1) for all new and existing relationship including
but not limited to, writing procedures, providing advice, and training.

Responsibilities:
‎1. Managing and ensuring that all Alerts received from the system are
comprehensively investigated to achieve conclusive results that comply with
all local regulations/international best practices.
‎2. Monitoring daily, weekly, and monthly AML Alert and Case inventory and
balancing workloads across the team to ensure ALL alert analysis and case
investigations are completed and forwarded to Level ‎2 within established
service level agreements and regulatory time frames.
‎3. Ensuring appropriate investigations and reporting and controls are in
place targeting each step of the Investigative process work-flow.
‎4. Monitoring individual and team level productivity and coordinating with
peer Team Leads to ensure Alerts across the Bank are completed within
appropriate time-frames.
‎5. Serving as subject matter expert, coaching Associates and Investigators,
motivating employees, providing mentor-ship and identifying continuing
education training opportunities for the Team and individuals as well as
promoting career progression initiatives for business & Level ‎1 Team.
‎6. Reviewing high profile anti-money laundering investigations, requiring the
utmost confidentiality, including, but not limited to terrorist financing,
subpoenas, and litigation.
‎7. Managing individual performance evaluations throughout the year.
‎8. Ensuring that all investigations are completed timeously and accurate to
the satisfaction..
‎9. Ensuring that level ‎1 are conduct investigations on current or prospective
members and third parties; this may include, but will not be limited to
background reviews, negative news screening reviews, internet searches, and
enhanced due diligence.
‎10. Lead the Level ‎1 AML & CTF Alerts Investigation Team in providing
positive, accurate and practical advice to all business and operations on all
questions and issues.
‎11. Provide SME guidance / input to the business/Branches on how to evaluate
AML & CTF risks, how to escalate to GCD and on managing the suspicious
transactions.
‎12. Ensure the appropriate implementation and competition of all KPIs for
direct reports for level ‎1 team.
‎13. Initiate continuous productivity improvement into the AML & CTF processes
by participating as a key stakeholder in the delivery of new technology and
working with the Levels (‎1) teams to identify business process improvement
opportunities. Provide AML & CTF SME guidance / input on all AML & CTF
impacted IT systems.
‎14. Conduct regular meetings with the business and Level ‎1 to facilitate good
communications and resolve any AML & CTF alerts/cases issues within the
organization for various business areas
‎15. Work collectively with Head of AML & CTF Unit and Head of Global
Compliance to, develop and maintain a motivated and professionally trained
staff, ensuring appropriate capacity planning, adherence to and improvement in
performance and quality standards and appropriate career development.
‎16. Provide leadership, support, guidance and coaching to the AML & CTF
Alerts Investigation Level ‎1.
‎17. Assist Head of AML & CTF Unit on implementing organizational initiatives
and other official matters, when required.
‎18. Participating on design the AML system Scenarios/Rules and algorithms to
identify suspicious activities and suggest self-tuning models that work in a
streaming data setting for AML system

Job Requirements:

Skills required:
* Minimum of ‎7 to ‎10 years banking experience out of which ‎5 years should be in Compliance Department of a Financial Institution in a similar role in AML & CFT.
* ‎4 + years knowledge and experience in the investigation of white collar / economic crime (including reactive investigations and pro-active strategies).
* The candidate is expected to have professional qualification or industry recognized certifications/diploma in AML/Compliance related fields like ACAMs/ICA/ACFCS/FIBA etc.
* Exemplary knowledge and experience of scoping and managing the implementation of AML & CTF procedure and systems.
* Exemplary knowledge and experience of providing Subject Matter input for AML & CTF policies, processes, systems and trainings.
* Strong knowledge of the UAE Regulations, Rules, International Compliance Standards & Best Practices such as FATF guidance, Basel recommendations.
* Strong knowledge and experience of having provided AML & CTF advice to all types of business and operations covering all types of relationships.
* Proven management and leadership skills.
* Strong knowledge of bank AML & CTF policy and procedures
* Candidate should have strong inter-managerial communication skills and be used to dealing with Senior Managers.
* Good analytical/review/assessment skills of bank Compliance procedures and IT systems
* Ability to balance between compliance requirement & business needs.
* Ability to build constructive and effective relationships with peers and seniors
* Strong analytical, written and oral communication skills
* Relationship building
* Sound judgment
* Strong interpersonal skills
* Ability to multi-task
* Independence of thought and initiative
* Ability to be a self-starter and work independently as well as part of a team
* Demonstrated leadership & facilitation skills
* Ability to interact with all functions and levels including senior management
* Ability to prioritize workload and meet deadlines
* Good understanding of banking processes and products
* Analytical mind, good communication and self-motivated, detail oriented
* Fluent in English (Ability to read and communicate in Arabic Language will be an added advantage)
* Proficient in MS Office (Word, Excel and PowerPoint)
TO APPLY, kindly send your updated CV in a word document format to
[email protected] please mention " AML Alerts Manager" in the subject line of the
email