Officer - Enhanced Due Diligence and Quality Control

DESCRIPTION

Operating in the UAE for over ‎50 years, CBD manages the financial requirements
of some of the largest corporates and businesses operating in the country,
driving the UAE economy. Over the years, CBD has transformed into a
progressive and modern banking institution winning multiple awards for its
digital initiatives, credit cards, bank accounts, mobile app features and
services.

CBD has been recognized as the number one bank in the UAE on the Forbes list
of The World's Best Banks ‎2022.

As we continue to build upon our successes, we are looking for ambitious
individuals who are passionate about the banking and finance industry and the
markets in which CBD operates. Just as important to us is your ability to
demonstrate a talent for dealing with people - your colleagues and our
customers - and delivering service that really goes the extra mile.

Job Purpose:

The main purpose of the Officer is to perform independent reviews on High-Risk
customer Onboarding and Ongoing Due Diligence performed by the CDD and EDD
officers against the Bank 's internal policies and procedures and determine
whether they are in line with the Bank's risk appetite and in line with the
regulations.

Principal Accountabilities:

Conduct an in-depth independent sample review as per the Bank's internal KYC /
ODD Policy and Procedures of existing High-risk customer profiles which have
been referred by the Business to Compliance for periodic (annually) and
trigger based ongoing Due diligence.

Ensuring completion of CDD and ODD are with correct KYC data and information,
any risk rating changes by performing KYC refresh on the information.

Ensure if the customer had any red flags /FCC concern were identified by the
Officers and were suggested for exit relationship.
To review if all the true PEPS were identified and assessed by the officers,
were the cases in line with PEP policy and procedure

Ensure that the required KYC information and documentation is properly
retained and stored using the Bank's systems for each business line through
identifying samples

Document the review process to evidence the analysis conducted as well the
rationale behind the sign-off or rejection of customer profiles.

Escalate any concerns through reviews to ensure the customer profiles are well
assessed and in line with the Bank's policies and procedures.
To review if the officers followed the Bank's exception handling process to
obtain approvals where required information is not available (either
temporarily or permanently) for the Bank during the ODD process or changes
identified indicate a heightened risk of financial crime.