Senior Manager, Financial Crime Data Analytics, Compliance

Job description / Role

About CBD

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features, and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

Job Overview

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

The person will report to the Head of FCC. He or she will work with Compliance and IT to develop data analytics capability and actionable insights for the function. Translating regulatory reporting requirements into highly accurate data models and setting strategy for how we ensure the best possible data accuracy. The role consists of understanding key performance indicators and strategic priorities of the business. You will provide actionable insights and recommendations using descriptive or predictive analytics to support increased profitability and market dynamics. You will have knowledge about the latest trends and enhancements in the analytics industry, particularly in banking.

Responsibilities

• Develop and leverage innovative data analytics methodology and algorithms to reduce false positive rates.
• Drive actionable insights through data analytics to identify new and emerging financial crime patterns to proactively develop detection and prevention scenarios in the transaction monitoring system.
• Extract, validate, transform, and load data from multiple sources, data warehouse, big data platform, and other data sources available in the bank to provide efficient and effective analytics for the Financial Crime Compliance department.
• Undertake periodic assessment on AML/CFT typologies and scenarios configured in the transaction monitoring system.
• Support, maintain, and assist in enhancing the existing systems and controls owned by the team.
• Proactively manage data quality issues as they arise.
• Responsible for developing and delivering insightful dashboards for the Financial Crime team by incorporating key performance measures and indicators that drive the bank's performance measurements across products, segments, and channels, and update senior leadership regularly on the health of the business and any early warning indicators.
• Transform the analytic insights into understandable and actionable recommendations and communicate them effectively across the organization.
• Using appropriate machine learning algorithms and techniques, develop advanced analytics and predictive analytics solutions.
• Manage consolidation, collection, and reporting of KPIs pertaining to Compliance and Risk functions.

Requirements

• Bachelor's degree in Computer Science, Statistics, or Mathematics from a reputed university.
• Understanding and proficiency in analytics and BI tools like SAS, SQL, Power BI, etc.
• Strong communication and interpersonal skills.
• At least 10+ years of experience in the banking or financial services sector, including typologies, systems, and data analytics.
• Experience and understanding of a wide variety of analytical techniques, including machine learning techniques.
• Ability to clearly present data-rich insights to senior management using appropriate graphics and business language, so that key messages can be actioned.
• Strong commercial acumen and ability to distill complex analysis into easily understandable, business-oriented insights.
• Ability to visualize and develop graphical presentations for decision support.
• Excellent written and verbal communication skills.
• Ability to build and motivate a team to achieve well-communicated expectations.
• Strong negotiating and consensus-building abilities.

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.