Emirates Islamic
Job Description
- Ensure Robust Financial Crime Risk Compliance Framework and Management of Relationships with Regulators and Key Stakeholders
- Ensure that the bank complies with all relevant external laws and regulations pertaining to AML that are applicable to the Bank. Working with the business to monitor and set appropriate policies, procedures and processes to ensure compliance with regulatory requirements, expectations and industry best practices.
- Work with relevant stakeholders from Business and Group to ensure Regulator and Auditor Issues and Recommendations pertaining to AML area are remediated in a timely manner, including the remediation of CBUAE RBS Examination. Continuation of closure of Regulatory and INA findings for the area of responsibility.
- Provide necessary support to Group in completing the review of the AML Detection Scenario library with PWC, as warranted.
- Provide necessary support to the senior management required to manage and conclude any ad-hoc projects at EI as and when required (Project GAMA, VIP customers, screening of closed alerts, enhacment of FCRM and CSS syste).
- Work with relevant Business stakeholders to reduce TAT, errors and issues related to Transaction monitoring and advise business whenever is required.
- Work closely with relevant stakeholders from Business, Governance and Group Compliance to conduct the Financial Crime Risk Assessment (FCRA) every 2 years for EI, in line with Group approved methodology and approach.
- Ensure to provide support in Compliance Systems Roadmap Implementations and Digitalisation from AML Perspective
- Continue to provide customary support in delivering on the key initiatives as per Compliance Systems Roadmap for EI that fall under AML unit remit.
- In line with the Group Detection Scenarios (DS) Library, ensure roll-out/implementation of any new enhancements at EI, as warranted.
- Ensure to provide adequate support from EI Compliance perspective on the Digital initiatives of the Bank including, Digital Dashboard and AI model for Transaction Monitoring etc., as warranted.
- Ensure customary support to meet the Bank’s STP targets. Work with Business and Group Compliance teams to ensure limited number of compliance restrictions on STP, where possible.
- Work closely with Group to ensure the implementation of PwC recommendations pertaining to alignment of DS with Group, pre-paid and debit card monitoring and any other thematic controls, as warranted.
- Offer customary support to Group Compliance for the implementation of PEP Screening using FircoSoft at EI (subject to Group IT prioritization).
- Supporting the business – Customer Due Diligence and business expansion
- Ensure the businesses complete the implementation of the Group AML policies by providing any remaining procedural guidance, supporting tactical systems changes and transfer of 1LOD tasks to business governance teams.
- Work closely with respective Business and Governance stakeholders to ensure the timely closure / remedial action on mandatory compliance exits, escalate the matter where necessary.
- Provide customary advisory support to Business, Governance other stakeholders for matters pertaining to AML, including but not limited to the relevant Compliance policies, procedures and any matters of significance that require expert opinion from Compliance perspective.
- Continually liaise with key stakeholders in the Business to enhance the existing processes, controls, workflows, TAT and customer service.
- Improving Functional Coverage of Financial Crime Risk Compliance for AML unit
- Coordinating with and leveraging on the Group Compliance Intelligence Unit (CIU) function to improve EI’s ongoing ability to investigate, analyse and respond to emerging risks and financial crime typologies.
- Review and ensure that SARs identified are reported through CB online system with no errors and within the agreed TAT as per process
- Ensure to maintain quality and timely submission of SARs/ STRs in line with the FIU-CBUAE requirements, guidelines and expectations.
- Provide the team guidance and advisory support to further improve the quality of deliverables
- Proactive and regular engagement with the CBUAE. This includes investigation and corrective action to address all of the issues highlighted by the CBUAE.
- Ensure end to end process of alerts/ cases/ STR preparation completed within the TAT and reported to FIU-CB UAE in a timely manner
- Discuss and advise the team on instructed exit cases and any matter of significance
- Review and ensure that the Enhanced Due diligence reports received as a part of Central Bank feedback and are reverted to Central Bank in a timely manner.
- Handling and resolving the day to day Compliance (AML/CDD) related issues in the light of the bank / Compliance policy and the UAE Central bank regulations.
- Ensure that the team Maintains proper MIS for each activity and keep updating the records as per the latest status
- Ensure that the team Complete the tasks assigned within the agreed timelines without any escalations.
- Work closely with QA team and ensure nil QA findings.
- Developing people, Compliance skills, Teamwork and Training and Awareness (Team based goal)
- Provide adequate support in implementation of the Group Compliance driven training strategy for the responsible functional area.
- Improved Souwti participation rates and scores.
- Improving the teamwork by holding team meetings (direct and skip-level) and weekly huddles..
- Ensure to provide adequate support in clearing the Customer screening backlog at Level 1, as warranted.
- Disseminate and educate the Bank’s revised values CODE to all Team members from AML unit.
- Provide necessary support to other team members as appropriate and work as back-up in absence of other team members.
- Integrity
- Improved CSAT scores.
- Improved INA Control Pulse and Audit ratings.
- Identifying, highlighting and taking appropriate action on good and bad behaviour on Compliance matters.
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