Head - Client Approval & Review - Private Banking

Job description / Role

The candidate must have managerial experience and be capable of leading & mentoring a team of Know Your Customer / Customer Due Diligence (KYC / CDD) and documentation specialists.

Additionally, the incumbent must have a core background and expertise in KYC on-boarding and enhanced due diligence.

The position covers: KYC & AML advisory experience with respect to on-boarding and reviews, client maintenance, updating / drafting DOIs, implementation of policies, strong understanding of Private Banking compliance, knowledge of Suspicious Activity Report filings/investigations and sanctions compliance.

Key Roles & Responsibilities
- Manage e2e client approval and periodic review process for all PvB clients
- Ensure adherence to efficiency and effectiveness KPIs including error rates, turn-around time and team productivity.
- Support /oversee key projects related to client on-boarding, periodic review and CDD matters
- Liaise with auditors and other stakeholders for audit and assurance related matters.
- Ongoing training and development of Client Approval & Review team.
- Advising and guiding the Private Banking Front Office and Support functions with respect to client due diligence queries, internal policies and local laws on AML/CFT.
- To keep abreast of legal and regulatory changes in prevention of money laundering and terrorist financing and its implications on client on-boarding and documentations process and requirements

Requirements

- Minimum 10+ years relevant experience in AML / KYC and / or Client Onboarding related functions focusing on private clients / corporates.
- Compliance knowledge applicable to the Financial Services industry - Professional Certification on AML/CFT.
- Experience from Banking, Financial Services sector, Consultancies practices and / or regulatory bodies
- Regional exposure and knowledge of Middle East/UK/Jersey AML / KYC regulations / practices will be an added advantage

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.