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
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.
The role holder is responsible for the day to day management of regulators
lists (CBUAE, UN, HMT, EU, OFAC) and ensure they are correctly updated and fed
into the appropriate entries within the Bank's systems, that these are
verified against the Banks screening system to ensure they do not result in an
unexpected jump in the daily alerts being generated and to work closely with
the tuning team to ensure that any required tuning is undertaken to ensure the
STP rate of the Bank does not get significantly negatively impacted from these
The configuration and definition of these lists will need to be fully and
accurately documented and maintained.
Day to day management and oversight of the lists going into the Banks
Review of all changes from the various regulators - CBUAE, OFAC, HMT, EU, UN.
Review and reconciliation of requests from various teams within the Bank for
updates or changes to entries to the Banks internal watch lists
Analysis of the impact of the changes to the different lists to the alerts
being generated by the screening system
Review of the lists going into Production daily to ensure they are correctly
updated with all regulatory changes
Periodic reconciliation between CBDs lists and the regulatory lists to
identify any missing or incorrect list entries
Documenting the different lists being used against the 9 different filters
maintained by the Bank
Regular meetings with the Sanctions and Compliance systems teams to highlight
problems identified, root causes, potential opportunities for improvement
Knowledge of OFAC, UN,EU,UK and UAE Sanctions regimes, sanctions screening
processes, bank / payment system operations, policies and procedures, and risk
Assist in compliance responsibilities to manage and mitigate Sanctions risks
Assist to mitigate Sanctions Compliance Risk ,foster a Compliance Culture in
the Bank and optimize the relationship with the internal and external
stakeholders of the Bank, comply with applicable Sanctions laws, standards &
local laws and regulations.
The jobholder is accountable for the management of the lists being used by the
9 filters within the banks screening systems.
To demonstrate integrity, the ability to work independently with minimal
supervision, uses specialized knowledge and skills in financial crime and the
Ability to use the Fircosoft Utilities suite to review and analyze the lists
going into the various systems, identify challenges and work with the tuning
team to appropriately mitigate their impact