Officer, List Management

Website Commercial Bank of Dubai

Job Description:

The role holder is responsible for the day to day management of regulators lists (CBUAE, UN, HMT, EU, OFAC) and ensure they are correctly updated and fed into the appropriate entries within the Bank’s systems, that these are verified against the Banks screening system to ensure they do not result in an unexpected jump in the daily alerts being generated and to work closely with the tuning team to ensure that any required tuning is undertaken to ensure the STP rate of the Bank does not get significantly negatively impacted from these changes.

Job Responsibilities:

  • Regular meetings with the Sanctions and Compliance systems teams to highlight problems identified, root causes, potential opportunities for improvement
  • Knowledge of OFAC, UN,EU,UK and UAE Sanctions regimes, sanctions screening processes, bank / payment system operations, policies and procedures, and risk assessment
  • Assist in compliance responsibilities to manage and mitigate Sanctions risks
  • Assist to mitigate Sanctions Compliance Risk ,foster a Compliance Culture in the Bank and optimize the relationship with the internal and external stakeholders of the Bank, comply with applicable Sanctions laws, standards & local laws and regulations.
  • The jobholder is accountable for the management of the lists being used by the 9 filters within the banks screening systems.
  • To demonstrate integrity, the ability to work independently with minimal supervision, uses specialized knowledge and skills in financial crime and the banking industry
  • Day to day management and oversight of the lists going into the Banks screening systems:
  • Review of all changes from the various regulators – CBUAE, OFAC, HMT, EU, UN.
  • Review and reconciliation of requests from various teams within the Bank for updates or changes to entries to the Banks internal watch lists
  • Analysis of the impact of the changes to the different lists to the alerts being generated by the screening system
  • Review of the lists going into Production daily to ensure they are correctly updated with all regulatory changes
  • Periodic reconciliation between CBDs lists and the regulatory lists to identify any missing or incorrect list entries

Job Requirements:

  • Good understanding of regulatory and internal watchlists
  • Good ability to work independently with limited day to day management and guidance
  • Bachelor degree holder
  • 2 years of experience working in the Financial Crime sector
  • Good understanding of Sanctions, their impact and implications
  • Good understanding of regulations and different regulatory bodies (OFAC, EU, UN, etc.)

Job Details:


Company: Commercial Bank of Dubai

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

To apply for this job please visit www.linkedin.com.


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