Compliance Manager AML Advisory Emirates NBD

Emirates NBD is presently recruiting suitably qualified and skilled candidate for the role of Compliance Manager AML Advisory. The role needs to handle multiple walk through sessions with multiple stakeholders in Business, Governance, Products, various Compliance teams (screening, training, TMU, systems, BU Compliance) to assess the controls effectiveness. Although the Bank is currently doing this exercise every two years, there is increased pressure from the regulator to make it an annual exercise.

Responsibilities of Compliance Manager AML Advisory

• Review the FCRA methodology and update where required.
• Plan and coordinate with relevant stakeholders to launch FCRA on timely manner
• Train the stakeholders on FCRA
• Ensure relevant data and information is collected for the assessment. Conduct quality check on the data collected.
• Conduct walkthrough sessions to assess controls effectiveness
• Conduct the assessment
• Prepare the FCRA report and socialize and agree the report with relevant stakeholders before finalizing.
• Prepare the GRC/BAC deck
• Maintain action items list, assign action items to action owners, agree target date for completion and track these to completion. Escalate when required
• Plan and coordinate with relevant stakeholders to launch FCRA on timely manner
• Train the stakeholders on FCRA
• Review the FCRA submissions and conduct quality check.
• Compile the reports and assessments for record keeping.
• Monitor and track whether the Group entities are completing action items on timely manner. Escalate when required.

What You’ll Do More?

• Compile the relevant data points from individual FCRAs
• Calibrate the thresholds if required and update the methodology.
• Consolidate the FCRA across the group and prepare the report.
• Socialize and agree the report before finalizing and issuing.
• Look for opportunities to automate the assessment and propose such changes to Management
• Monitor the change in risk landscape (new regulatory obligations, expansion to new markets, new business lines etc) and update FCRA where required on timely manner.
• initiate fresh FCRA exercise if the changes are material enough to trigger and assessment.
• Familiarize the relevant policies, procedures and regulations so that the person is able to handle the job independently.
• Support in updating policies and procedures.
• Familiarize the report and identify source for information
• Look for opportunities to automate the reporting process
• Provide support in reviewing and updating Policies and Procedures
• Maintain record of gap analysis (Regulation vs. Internal Controls)
• Provide support in all internal and external audits and ensure unit is well prepared.
• Highlight any concerns to the Unit Head/Manager to take corrective steps proactively.
• Provide necessary progress updates on addressing audit points to Unit Head /Manager.
• Follow-up with relevant stakeholders to ensure necessary actions are taken to close out the audit observations.
• Prompt completion of projects from Unit Head / Manager and provide sufficiently accurate updates within the given deadlines and timeframes.

Requirements of Compliance Manager AML Advisory

• The incumbent will have a degree education as a minimum, preferably a post graduate qualification.
• Compliance qualifications from an internationally recognized body is desirable.
• The incumbent will have at least 5 years experience as senior professional in the financial services industry, preferably banking in a recognized regulated market with the minimum 5 years experience in compliance related roles.
• UAE banking/regulatory experience preferred.
• Experience in analysing and interpreting regulations and regulatory requirements.

Skills and Knowledge Desired

• Good knowledge and understanding of FCC regulations and related Bank policies and procedures.
• Good understanding and awareness of regulatory requirements, international best practice, Anti Money Laundering and Sanctions requirements.
• Analytical and attention to detail.
• Problem identification and solving skills
• Good written and oral communication skills
• Excellent Excel, Word and PowerPoint skills
• Ability to communicate at both detailed and concise levels with all levels of management.
• Good time management skills and adherence to deadlines essential.
• Negotiation and influencing skills. Ability to deal with regulators and manage business and staff expectations

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