VP Compliance FCRA

Website Mashreq Bank

Job Description:

Maintain ongoing awareness/knowledge of all applicable internal/external AML & CTF requirements and existing/emerging legal/statutory environment – identifying any issues that could impact bank.

Job Responsibilities:

  • Conduct special investigations and/or respond to the Enhanced Due Diligence queries raised by law enforcement agencies and other overseas branches/correspondent banks. Provide feedback (accurate information) within the agreed timelines.
  • Manage the AML team resources and create positive synergies amongst the team.
  • Solid/Strong People Management skills are essential. Should be able to manage and control the resources within the team.
  • Manage the available resources efficiently by creating a well-built and dynamic team.
  • Evaluate, train and motivate business/operations staff to enhance their skills and knowledge of evolving AML & CTF regulation. Establish and maintain training programs for the unit and for business/ operations in line with latest regulations.
  • Since the appointment of this role requires a notification for Central Bank ‘Approval / No objection’, it is the incumbent’s responsibility to maintain a cordial working relationship with the Central Bank and also act as the focal point for UAECB National Anti-Money Laundering Agency (FIU).
  • Maintain bank’s AML & Customer Screening system at an optimum level keeping false hits/alerts volume at a reasonable level.
  • Contribute to development of products, systems, policies and procedures, ensuring appropriate controls for AML & CTF compliance
  • To handle and provide guidance on AML related queries which are more intricate in nature.
  • Undertake periodic review or self-assessment of key controls to assess the quality and effectiveness. Conduct Compliance Monitoring periodically to ensure there is no lapse of AML & CTF requirements/policies. Report findings and submit recommendations for corrective action, if required.
  • Implement AML monitoring procedures & controls. Introduce monitoring scenarios & parameters as appropriate; ensure all customer segments / products / activities are covered within the ambit of the monitoring process.
  • Provide Head of AML & Sanctions with assurance that all controls required under AML & CTF regulations are embedded within the processes of the bank to avoid any breach and/or establishing relationship with a blacklisted party.

Job Requirements:

  • ACAMS Certified/other recognized certification
  • Organisational awareness including working knowledge or risks, products, processes and controls
  • Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
  • Good command over spoken and written English.
  • Good presentation skills.
  • Efficient and logical approach to problem solving.
  • Graduate with 10-12 years of total banking experience, with at least 5 years of experience in AML Compliance area.
  • An understanding of how transactions settle globally.
  • Market knowledge of IT tools/ software used for AML monitoring system.
  • Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.

Job Details:


Company: Mashreq Bank

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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