Compliance Processor- Quality Assurance- UAE national

Grade. K
Department Description:
The Compliance Organization Unit is responsible for ensuring that the Bank
complies with all relevant external laws and regulations applicable in the
various jurisdictions that the Bank operates in Significantly this includes
compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist
FinancingCTF requirements not only of the countries that the Bank operates in
but increasingly there is an expectation of compliance with those of key US
and EU regulators

Brief Description:
* Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices
* Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis

Detailed Description:
Reporting to the Manager the incumbent will be responsible for performing and
leading periodic reviews related to NTB accounts payments and customer
screening in accordance with Compliance Risk Assessment Tool Internal policies
and procedures local and international regulatory requirements while
demonstrating an understanding of the risk profile of the Retail Bank Private
Bank and CIB Bank client segments
Job Requirements:
This role will require competence across the following areas
Take an active role in ensuring that the Banks customers satisfy local and
international legal and regulatory requirements in relation to financial crime
and Emirates NBD standards through the application of appropriate procedures
Document conclusions for reviews performed in concise management reports and
provide awareness around significant risks and daily MIS must be stored for
audit purposes
Identify areas of risk and recommends on operational improvements processes
and any training essential to mitigating risk Ensuring a robust escalation
process to Senior management
Key activities and key competencies
Knowledge of local and international regulatory and legislative due
diligenceDD requirements and appreciation and awareness of industry best
practise and standards
Interpret and implement quality assurance standards and procedures
Assist in departmental projects as required and any other tasks assigned by
the respective line manager
Participate in and lead team discussions on the calibration of findings and
build consensus prior to finalizing records
Track and review Quality Assurance observations with the Line of Business and
Quality Control management team
Perform quality evaluations on defined samples of various work streams
question and investigate the reliability and integrity of data the validity of
conclusions and the appropriateness of assumptions made
Perform root cause analysis and make recommendations for addressing any
identified deficiencies
Follow up with business to ensure corrective action addresses policy and
operational issues identified
Ensure trackers are updated for the team to support the delivery of accurate
MI
Qualifications

Additional Details:
‎1 The incumbent will have a degree education as minimum preferably a post
graduate qualification
‎2 Compliance qualifications from an internationally recognized body is
desirable like ACAMS International Compliance Association certifications
diploma etc
‎3 The incumbent will have at least ‎3 years compliance experience in the
financial services industry preferably Retail Bank Private Bank and CIB Bank
in a recognized market Very good experience in onboarding clients performing
Quality Assurance reviews etc

‎4 UAE experience preferred
‎5 Good understanding and awareness of regulatory requirements international
best practice Anti Money Laundering and Sanctions requirements especially the
UAE Central Bank
‎6 Experience in analyzing and interpreting regulations and regulatory
requirements
‎7 Problem identification and solving skills
‎8 Good written and oral communication skills
‎9 Ability to communicate well
‎10 Good time management skills and adherence to deadlines essential
‎11 Teamwork
‎12 Flexibility
‎13 Ethics Integrity
‎14 Decision making Problem Solving
‎15 Creative and Innovative thinking

Primary Location : United Arab Emirates-Dubai-Dubai - Nadd Al Shiba,
Meydan, Building P
Job : Processing
Organization : Group Compliance
Schedule : Regular
Shift : Standard
Job Type : Full-time
Day Job
Job Posting : Dec ‎23, ‎2021, ‎12:12:‎12 AM