Senior Manager Business Banking Advisory Emirates Islamic Bank

Emirates Islamic Bank is presently hiring suitably qualified and experienced candidate for the job role of Senior Business Banking Advisory Manager. The selected candidate will be overall responsible to oversee Compliance for Business Banking Segment in Emirates Islamic. Desirous candidates are invited to apply.

Responsibilities of Senior Manager Business Banking Advisory

• Ensure that complete, accurate , practical and timely advice, interpretation and guidance is provided to EI Business Banking Team and other internal stakeholders in relation to relevant regulatory rules, regulations and standards.
• Ensure new and existing Business Compliance policies and procedures meet consistency and a standard of excellence across EI Business Banking Team in relation to the customer lifecycle
• Provide AML advisory services to the business and support functions and on client product and services and transactions.
• Stay abreast of related laws, rules, regulations and best practices pertaining to AML.
• Supervise reviews on AML matters escalated from the business teams covering Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Know Your Customer (KYC), source of funds, client information, Politically Exposed Persons(PEPs) Client profiling, risk rating and suitability.
• Monitoring timely execution of the client periodic review (High Risk Annual Review (HRAR)) activity and liaise with various units for completion within the TAT to meet the regulatory obligation set by the Group.
• Develop written Business Compliance policies and procedures , updates and ensure effective training and communication to the Business unit and relevant functional units.
• Act as the point of contact and compliance partner with all relevant business and function units to provide business compliance advisory, covering regulations and policies
• Attend to periodic calls with the functional heads & Governance & Compliance Teams on various issues related to financial crime, Regulatory, Audit, Assurance and other updates that are under coverage.

What You’ll Do More?

• Coordinate with Regulatory Compliance and FCC functions to provide recommendations on compliance risks
• Prepare AML advice for internal and external group stakeholders on customers, products and services and transactions
• Connect requestors to Compliance & Governance colleagues to obtain approvals (whenever required), track and maintain records of decisions for the Business Unit.
• Notify the senior management and Governance forums on all incidents of non-compliance with regulation and legislation, in a timely manner.
• Any other special task/project assignment assigned by the Senior Manager Advisory/HOBB
• Provide, and advise the BB team on latest market trends and developments in Compliance and Governance areas. Propose appropriate changes in business policies and strategies to facilitate achieving business volume / revenues from Liabilities portfolio.
• Meet internal department heads to discuss operational matters to improve service delivery.
• Ensure compliance and completion of regulatory initiatives/remediation projects.
• Lead, manage, and motivate Advisory team to ensure desired levels of productivity and competency.

Requirements of Senior Manager Business Banking Advisory

The requirements of Senior Manager Business Banking Advisory are as under:

• Minimum of Bachelor’s Degree in business administration, finance or related field.
• 5 years of Relevant experience in similar job.

Skills and Knowledge Desired