Officer Customer Due Diligence

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 - Customer Due Diligence is to analyze and
assess the assigned high-risk customer profiles for New to Bank customers
account opening for all business segments raised to compliance, ensure
assessment is performed 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 review as per the Bank's internal KYC - CDD Policy and
Procedures of new to bank High-risk customer profiles which have been referred
by the Business to Compliance for account opening of all High Risk customers
from all business segments which include Individual, Non Individual (SME, BAF,
Emerging corporates and Wholesale banking) including high Risk Asset customers
as well.

Ensuring completion of Customer due diligence is performed for new to bank
High-risk customers account opening with correct KYC data and information with
the information and document provided as per policy and regulation

Work closely with the Business to obtain any missing or additional KYC
information or documentation during the new to bank onboarding which will be
required to complete the high-risk customer account opening as per the Bank's
internal procedures.

Ensure if the customer has any red flags /FCC concern, suggest for cease the
onboarding process and work with Team lead to actioned through Business,
ensuring such cases are raised to be added in internal watch list and raising
the SAR (if applicable) through AML team.

Ensuring any newly identified PEPs through the new account opening process
while conducting the screening on High Risk NTB customer onboarding,
completion of PEP assessment with the High-Risk account opening, obtaining
appropriate senior management approval before any High Risk new to bank case
is approved

Ensure that the required KYC information and documentation is properly
retained and stored using the Bank's systems for each business line for all
High Risk New to Bank account opening.

Document the review process to evidence the analysis conducted the rationale
as well behind the approval /sign-off or rejection of new to bank High-risk
customer profiles.
Escalate any concerns to ensure the high-risk new to bank customer profiles
are well assessed and in line with the Bank's policies and procedures before
onboarding is completed.
Follow the Bank's exception handling process to obtain approvals where
required information is not available (either temporarily or permanently) for
the Bank during the CDD onboarding process, or any trigger identified indicate
a heightened risk of financial crime for all New to Bank High-Risk cases