Job closed
Ref: HP048-856
Job description / Role
Manage the submission and feedback of the Suspicious Activity Reporting (SAR) process with the Anti-Money Laundering and Suspicious Cases Unit (AMLSCU)
Key Roles and Responsibilities
* Review and report all SARs to the AMLSCU via the Central Bank's portal in a timely manner
* Collect and analyse transactions and report these to relevant law enforcement units
* Review ant SAR feedback from the AMLSCU and action appropriately
* Track and manage AMLSCU feedback with various stakeholders
* The reasons why a SAR was, or was not, submitted should be appropriately recorded
* Prepare and update Management Information System on regular basis for all correspondences issued to the AMLSCU
* Identify trends and themes in the SAR intelligence
* Support the Senior Manager Law Enforcement in preparing any responses pertaining to SARs
* Ensure SAR reporting is completed within the agreed turn around time
* Assist the Senior Manager in maintaining a good Bank's relationships with the Central Bank
Stakeholders Relations
* Work closely with Financial Crime Intelligence Operations team to ensure timely data flow
* Support the Country Head of Financial Crime in strengthening the relationship with regulators
Requirements
* The role holder is preferred to have prior experience in Transaction Surveillance and Anti Money Laundering activities and processes.
* Experience of Financial Crime Compliance (or departments related to combating Financial Crime and Customer Due Diligence related activities)
* Have a good knowledge of Policies, Procedures and Standards relating to Financial Crime Risk, as well as knowledge of the local regulations and legislation on Anti Money Laundering / Counter Terrorist Financing and sanctions
* Must possess ability to assess risk , excellent interpersonal skills and multi cultural awareness and sensitivity;
* Good knowledge of banking products and support structure, strong written and verbal communication skills; general operational knowledge;
* Knowledge of Core Banking systems & other transaction & customer related systems
* Expertise in the practice and theory of Predictive, Risk and Data Analytics
* Expertise in developing visualization Dashboards
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.