Head of Compliance & MLRO - SCA (Asset Management)
First Abu Dhabi Bank (FAB)
Date: 3 weeks ago
City: Abu Dhabi
Contract type: Full time
Company Description
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
JOB PURPOSE
Review and ensure that anti-money laundering (AML) Policies, Procedures, and controls cover all applicable laws and regulations – with a particular focus on SCA regulatory scope. . Review the account opening documentation and client onboarding due diligence checks in accordance with KYC procedures and requirements., Update the AML manual according to the AML Module and Internal Rules.
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
JOB PURPOSE
Review and ensure that anti-money laundering (AML) Policies, Procedures, and controls cover all applicable laws and regulations – with a particular focus on SCA regulatory scope. . Review the account opening documentation and client onboarding due diligence checks in accordance with KYC procedures and requirements., Update the AML manual according to the AML Module and Internal Rules.
- Design and deliver training for business and functional teams. Ensure sufficient review of applicable audit findings and the evaluation of the business's corrective action plans .
- Oversee AML and counter-terrorist financing (CTF) frameworks to protect FAB Asset Management’s reputation and integrity.
- Ensure fulfilment of the regulatory compliance requirements
- Conduct quality testing, identify process deficiencies, enhance reporting, and recommend corrective actions to meet regulatory and audit requirements.
- Review and collaborate with internal partners to respond appropriately to escalated matters
- Monitor & disseminate AML/compliance regulations and policy changes.
- Regulatory reporting requirements
- Compliance systems (e.g .customer screening, transaction screening, AML monitoring)
- AML Policies, Procedures and Controls.
- Strong knowledge of AML/counter-terrorist financing (CIF) laws and Regulations, compliance frameworks, and risk management practices, with a Certification from a recognized regulatory body .
- Robust understanding of legal and regulatory compliance
- Clear and concise written and verbal communication skills
- Good understanding of AML risk, including higher risk, Geographies, Industries and products
- Proven ability to develop and implement AML and Compliance Policies, Procedures, and internal controls.
- Minimum 8 years of experience in Compliance - AML unit
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