Officer, Enhanced Due Diligence (UAEN)

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

To analyze and assess the assigned high-risk customer profiles for existing
customers periodically and upon trigger events including Politically Exposed
person (PEP) identification and assessment 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.

Principles Accountabilities

• Conduct an in-depth 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 ODD with correct KYC data and information, any risk
rating changes by performing KYC refresh on the information.
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  Work closely with the Business to obtain any missing or additional KYC information or documentation during the KYC refresh which will be required to complete the high-risk customer ongoing due diligence as per the Bank's internal procedures.

  
  


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  Ensure if the customer has any red flags /FCC concern, suggest for exit relationship and work with Team lead to actioned through Business.

  
  


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  Work closely with sanction screening team for newly identified PEPs through the periodic screening on PEPs

  
  


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  Liaison with respective business to get the Business PEP assessments and senior management approval to ensure Compliance PEP assessment is completed by the officer before submission for approval from Compliance senior management.

  
  


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  Ensure all true identified PEPs are appropriately marked in the system and also have updated PEP register

  
  


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

  
  


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  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 to ensure the customer profiles are well assessed and in
line with the Bank's policies and procedures.
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• 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 ODD process or changes identified indicate a heightened risk of financial crime.