Manager Financial Crime Systems

Commercial Bank of Dubai (CBD)

Dubai, UAE

Ref: HP905-152

Job description / Role

Employment: Full Time

Job Purpose:

- The role holder is responsible for owning, managing and optimizing the Financial Crime Systems in Compliance as well as providing subject matter expertise to system control and compliance issues.

Principal Accountabilities:

- Day-to-day management and ownership of key compliance systems including transaction monitoring, customer screening and payment screening.
- Work closely with the AML and Sanctions teams to write rules, tune and optimize system filters to reduce false positives.
- Conduct regular testing of systems and tools to ensure the completeness and accuracy of transaction data from primary source systems to Financial Crime systems.
- Manage upgrades and enhancements for the financial crime systems.
- Identification and escalation of system control and compliance issues, assess and document the related risk, and make recommendations for resolution.
- Perform proactive data analytics work and manage the data quality and integrity in the systems
- Ensure our systems are compliant with applicable UAE laws and regulations, industry best practices and recommendations from respected third parties such as FATF and Wolfsberg.
- Propose enhancements to the systems used by Compliance to generate efficiencies and/ or improve our financial crime risk management.
- Provide the Head of Compliance with assurance that system controls are operating effectively
- Provide regular reporting and management information relating to system performance and efficiency for senior management and relevant governance committees.
- Assess the effectiveness of the parameters set up in the systems for sanctions screening and the percentage for matching dependent on the type of screening conducted.
- Ensure that all customers and transactions are subject to sanctions screening.
- Manage the implementation of the new Sanctions systems - including designing and developing rules that are fit-for purpose and define system requirements, parameters, scenarios, logic and underlying rules.
- Provide updates to Senior Management on external events or regulatory changes affecting monitoring and screening.
- Provide guidance to the AML and Sanctions Officers on interpreting system output to aid their investigations.
- Manage the resources efficiently and prioritize system enhancement/up-grades.



- Bachelor's Degree as a minimum from a recognized university (preferably computer science or similar).
- Financial Crime qualifications is preferred.


- At least 8 years of experience in the financial services or IT sector
- Familiarity with Compliance and Financial Crime related systems.
- Data analytics experience including testing of data from a data quality and data integrity perspective


- Knowledge of working with various database formats and file formats, conducting data analysis and analytics, communication skills, critical thinking, judgment and decision making and complex problem solving.
- Proficiency in MS Office Suite.

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.

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