Financial Crime Sanction

Job Description

Role Purpose:
* To adequately manage the relationships with Bupa Arabia regulators.
* To effectively and efficiently fulfil the duties of "Second Line of Defence (LoD)" in sync with Bupa Arabia's governance framework.
* To ensure that Bupa Arabia manages its regulatory risk, compliance and conduct responsibilities to agreed and approved appetites.

Key Accountabilities:
‎1- AML and Combating Terrorism Financing;
* Assist in reviewing and evaluate divisional and departmental policies and procedures with regards to money laundering and combating terrorism from Sanction perspective
* Issue related reports weekly, monthly, quarterly and annually as well as preparing reports required for the function of sanction.
* Assist in enumerating sanctions issued by the United Nations Security Council, other countries and local sanctions issued by local authorities that apply to the businesses and activities of the company
* Assist in advising the business in issue related to AML and Sanction risk
* Following up warning circulars issued by FATF
* Perform detailed name-matching investigation and write detailed report
* Assist in implementation and maintenance of appropriate anti-money laundering technology system focus in sanction
* Assist in designing and updating the instructions on the automation of dealing with warning circulars issued by FATF
* Assist in providing the concerned business units of the company with advice regarding the recommendations and warning circulars issued by FATF
* Setting procedures for investigating all relationships against the names classified as that of "persons listed" by the local authorities and United Nations and other countries.
* Assist in evaluating the relevant procedures followed by business units requiring checking names, entities and banks against the international lists so as to avoid any legal confusion or possible risks which may confront the company
* Assist in designing and updating the AML & CFT questionnaire for correspondent banks or any third party.
* Keeping all records, documents and data associated with the function for sanction.
* Assist in evaluating relation with correspondent banks, Investment banks or any third party
* Assist in control and maintain the member black lists and report the case to the related regulator.
* Keep updated and sufficient record of all cases including law, rules and regulations in AML/CTF database

‎2- Polices and Procedures;
* Assist in developing and updating an AML and combating terrorism financing, fraud policy and reporting procedures.
* Ensure policies and procedures are up to date and in compliance with regulatory bodies laws rules and regulations.

‎3- Staff Training and Awareness;
* Ensure related company staff are aware and up to date in regards to AML and Combating terrorism financing rules and regulations including other sorts of financial and non-financial crimes.
* Assist develop a staff awareness program to combat money laundering and terrorism financing and other related to sanction.
* Assist in develop the necessary training material to combat money laundering and terrorism financing and other related to sanction.

Skills

• Professional Certificate(s) in Compliance


• Strong knowledge in insurance, preferably medical insurance


• Strong knowledge of Bupa Arabia is preferred


• Diagnostic information gathering


• High level of written and verbal communication skills


• Able to work with diverse groups of staff, regulators and clients


• Methodical and organized approach to planning, implementation and record keeping for all activities with a high level of attention to detail


• Self-starter, able to display initiative and proactive approach to problem solving


• Strong time management and organizational skills


• Ability to work within a small team environment