banking jobs in UAE 2023 | FAB Bank Careers
First Abu Dhabi Bank (FAB) announced on its official Linkedin page a vacancy
AVP- AML Advisory
First Abu Dhabi Bank (FAB)
- First Abu Dhabi Bank (FAB), the largest bank in the UAE and one of the largest financial institutions in the world, offers a wide range of solutions, products and services tailored to provide a personalized banking experience.
- Through its strategic offerings, it looks forward to meeting the banking needs of customers around the world with market-leading corporate and investment banking franchises and personal banking services.
- The bank's headquarters is located in Abu Dhabi, in the Khalifa Business Park, and the bank's international network extends to more than 19 countries, all over the world, providing global relations, experience and financial strength to support local, regional and international companies seeking to do business at home and abroad.
- In line with its commitment to putting customers first, in order to grow stronger, FAB will continually invest in people and technology to create a more convenient banking experience for customers and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
- To enable its clients and customers to grow stronger, FAB is embarking on a powerful move that goes beyond banking services.
- The Grow Stronger movement represents the Bank's promise to support shareholders' goals and growth ambitions, and to provide insights, tools and expertise to help them become stronger, today and in the future.
- With a strong and diversified balance sheet, leading efficiency and a strong corporate governance structure, FAB is poised to drive growth forward.
Role Purpose
- To execute activities of the Compliance AML team including reviews and investigations on matters escalated from the business, drafting of responses to correspondent bank questionnaires, regulatory submissions or other ad hoc tasks within the remit of the AML Team.
Major Responsibilities
- Follow all relevant AML policies, processes and standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
- Review and update Group AML&CFT Policy at least on annual basis or as and when there significant changes to the laws and regulations or key processes.
- Develop guidance notes and desktop Standard Operating Procedures (SOP) on specific AML matters.
- Provide support and advice to other departments in relation to the application of AML policies and procedures to their function.
- Review and provided feedback on policies and procedures from received from other units from AML standpoint.
- Provide support to VP, AML Advisory in the FCC RCSA and BCP testing to ensure timely completion.
- Provide support to VP, AML Advisory in execution and program management of FCC related projects.
- Identify and propose opportunities for continuous improvements to AML related systems, processes and practices based on risks and control deficiencies identified.
- Provide periodic training to the staff with in team and wider organization.
- Monitor the performance of the AML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
- Perform Thematic Reviews on AML high risk accounts and transactions based on typologies, trends and developments.
- Provide AML advisory services to the business, support functions and operations on customers, transactions, products and services.
- Prepare AML advice for internal and external (group-wide) stakeholders on customers, transactions products and services.
- Stay abreast of related laws, rules, regulations and best practices pertaining to AML.
- Conduct reviews on AML matters escalated from the business covering Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Know Your Customer (KYC), source of funds, client information, PEPs client profiling, risk ratings and suitability.
- Perform level-3 transaction monitoring investigations and prepare case files.
- Notify the senior management on all incidents of non-compliance with regulation and legislation, in a timely manner.
- Provide AML advisory to international branches, in coordination with International Branches Department.
- Attend monthly calls with International compliance teams on various issues related to financial crime, Regulatory, Audit, Assurance and other updates.
- Review queries related to trade transactions and monitor TBML or structured transactions.
- Provide support on reviewing new products and changes to the existing products from AML standpoint.
- Support in the review and update of AML focused training and e-Learning modules.
Minimum required skills and qualification
- Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML/CFT, Financial Crime or Risk Management.
- Sound knowledge on key emerging technologies e.g., Blockchain, Artificial Intelligence (AI), FinTech, Data Analytics is an added advantage.
- At least 3 years of business experience in an AML Compliance role.
- At least 5 years of experience in Trade Finance / TBML role.
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