Compliance Manager -Local Talent

Website Mashreq Bank

Job Description:

Supports Head of Sanctions and senior management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policies in compliance with regulations and Group’s Sanctions Policies, procedures and standards.

Job Responsibilities:

  • Evaluate and monitor existing procedures and develop new procedures and controls with focus on minimizing the risk of the bank being used for financial crime and ensure the business is compliant with current Sanctions requirements.
  • Ensure Trade Sanctions alerts that are referred are handled as per the Bank’s policy, ensuring no breach of the applicable sanctions policies, standards and guidance.
  • Manage lists of sanctioned and blacklisted parties in bank’s payments filter and customer screening system.
  • The person will be responsible for providing Sanctions advice and guidance on their assigned area to the relevant business areas and Country Compliance teams.
  • In the execution of Sanctions duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority.
  • Review any new/amended material laws, rules and regulations and Group Policies, assess their applicability to internal processes and the relevant business areas; guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
  • Immediately escalate to Head of Sanctions any material breaches or potential breaches of Laws, Rules and Regulations.

Job Requirements:

  • Excellent and up-to-date knowledge and sufficient understanding of International / OFAC/ EU/ UN/ UAE Sanctions.
  • Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
  • ACAMS Certified/other recognized certification (desirable)
  • Market knowledge of IT tools/ software used for customer screening and payments and trade filtering.
  • Subject matter expertise in the area of Trade Compliance (including operational activities supporting the trade business).
  • An understanding of how trade transactions are conducted.
  • Graduate with 7 + years of banking experience, with at least 3 years of relevant experience in AML / Sanctions Compliance.
  • Organizational awareness including working knowledge of risks, products, processes, controls, list management and systems.

Job Details:

Company: Mashreq Bank

Vacancy Type: Full Time

Job Location: Dubai, United Arab Emirates

Application Deadline: N/A

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