Job closed
Ref: LP452-382
Job description / Role
- Identify Sanctions compliance deficiencies.
- Assist the business with Sanctions requirements & ensure adherence.
- Reviewing new Sanctions and working with the business to ensure compliance, while taking appropriate actions to ensure the business complies with new and/or amended regulations, through development of policies & business procedures, consistent with regulatory & business standards.
- Drafting & updating compliance policies and procedures.
- Provide Sanctions training & awareness.
- Effectively manage internal stakeholder (business units) relationships.
- Ensure full Sanctions compliance across all relevant areas of responsibility.
- Revert to business / operations for sanctions related cases.
- Deciding on whether there's valid justification of sanctions related suspicion to report cases to the UAE Central Bank.
- Keeping abreast of sanction developments.
- Update business of any new developments on Sanctions.
- Implementation where appropriate of international best compliance practices and standards.
- Ensure ongoing planning, coordination and implementation of key Sanctions Compliance Risk initiatives.
- Reviewing and updating policy and procedures to accommodate Sanctions changes and ensure staff compliance therewith.
- Ensuring all bank correspondence related to Sanctions are replied to, within the given timeline by liaising with various businesses to obtain all the required information.
- Periodic reviews of customer accounts and opening documentation for irregularities or anomalies related to Sanctions.
Requirements
- Varied experience in branch banking, retail and corporate banking, operations etc.
- Knowledge of the countrys central bank regulations, OFAC, EU, UN Sanctions regulations.
- Familiar with banking rules/regulations of the country.
- Certified Compliance Officer &/Or Certified Sanctions Specialist.
About the Company
ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.