Compliance Officer - Banking

Job description / Role

Compliance Officer - Banking (Abu Dhabi)

Responsibilities:
- Ensure ongoing implementation of the compliance and AML/CFT policies e, framework and procedures relating to the Branch.
- Maintain an updated compliance reporting calendar including reporting formats, periodicity and due dates, and monitor compliance with the requirements, highlighting instances of non-compliance to Branch Management to enable timely corrective action.
- Review and monitor compliance with applicable laws, regulations and reporting requirements by the Branch in respect of existing products and services, investigate instances of actual non-compliance and highlight non-compliance, if any, to Branch Management.
- Review all new country specific products, services, documentation and public customer communication before launch, to ensure compliance with regulatory and legal requirements.
- Serve as the central point of Compliance & MLRO for the Branch. Receive, understand, analyse and respond in time to instructions from the regulatory authorities, in co-ordination with respective units in the Branch / Head Office. Continuously monitor and follow up to ensure timely response to regulators.
- Advise Branch Management (and where necessary, the Head Office Compliance Officer)/MLRO regarding compliance & AML/CFT implications of new laws and regulations in the country and monitor/ follow up to ensure compliance.
- Develop and implement systems and procedures for measuring and monitoring compliance & AML/CFT risks of the Branch in line with compliance policies of the Bank.
- Carry out periodic reviews/ test checking of compliance and AML processes at the Branch and report outcomes to Branch Management.
- Maintain utmost confidentiality with respect to the information obtained during the day-to-day performance of duties/ responsibilities.
- Monitor and manage the anti-money laundering and anti-terrorist financing functions of the Branch including reviewing AML & Watch list alerts, investigating STRs and training of staff on AML regulations.
- Utilize AML& SWIFT Check systems in their daily operations and ensuring that daily AML alerts and all SWIFT check massages are attended on a daily basis.
- Ensure submission of monthly report to Main Office MLRO in respect of suspected transactions either reported to local regulatory authorities or not reported.
- Responding to the queries sent by government & law enforcement agencies and Main Office in timely and accurate manner

Requirements

- Bachelor degree in law or in banking.
- Strong banking operations background.
- Familiarity with AML/CFT regulations.
- 5 years officer level experience in a bank, including 2 to 3 years experience handling a similar assignment.
- Strong verbal and written Arabic & English communication ability with at least 3 years track record in submitting concise but comprehensive reports to senior executives.
- Competent in MS Word, Excel and PowerPoint.
- Good planning, organizational and interpersonal skills.

About the Company

Human Capital House was set up in the year 2013 with a vision to be a progressive talent acquisition partner for organizations within the local and regional market in the Middle East.

As international markets get ever demanding, corporations globally are presented with the challenges of attracting the right talent. Human capital retention and recruitment remain a critical factor to the success of any company. Strategic decision to recruit the right talent is a key issue to organization as wrong candidate selection can potentially be disastrous to their efficiency.

The critical aspect of choosing the right individual with the apt experience and knowledge becomes more crucial as he/she would need to share the ambitions of the employer, while fitting in to the new culture. Human Capital House has both the experience and expertise to help its clients make the right choice of selection. From understanding client requirements, through identifying and assessing the candidates, our systematic approach strives to ensure successful executive recruitment.