Associate Compliance Screening

Compliance Screening Associate: 

JOB PURPOSE
In order to comply with UAE and external regulatory requirements and mitigate risk for the bank, incumbent will need to conduct detailed screening of customer and customer’s transactions under new to bank account/ client on-boarding, overall ADCB group customer portfolio and customer remittances (in/out).
GROUP
Group Business Services

KEY WORKING RELATIONSHIPS:

1. Line Manager
To seek guidance and first level approval, advise course of action and discuss performance.

2. Group Compliance Employees
To report unusual/ suspicious transaction, answer queries and execute required actions.

3. Branches and ITMAM Operational Units
To seek information to support processing and monitoring of alerts

4. Unit Head
To share information, provide updates and to obtain approvals

5. Internal stakeholders
To share information and provide updates

ACCOUNTABILITIES: 

1.Client On-boarding and ongoing customer portfolio screening
Conduct quality screening and review of account opening documentation against relevant systems / system generated alerts, to establish match/ no-match or refer to Compliance for decision. Liaise with business and operational units where required to ensure quality of KYC forms and documents. Record match/ no-match decisions for all reviewed cases/ hits, to ensure compliance with regulatory requirements as per Compliance approved Standard Operating Procedures.

2.Remittances screening
Review all remittances (in/out) against relevant systems/ system generated alerts, to establish match/ no-match for customers against sanctioned and other blacklists. Liaise with business and operational units where required to ensure clarity of transaction. Record match/ no-match decisions for all reviewed cases/ hits, to ensure compliance with regulatory requirements as per Compliance approved Standard Operating Procedures.
3.Compliance Reporting and Correspondence
Report on matches to Compliance to enable the bank to fulfil its regulatory requirements and avoid penalties.
4.Policies, Processes, Systems and Procedures
Adhere to all relevant organizational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the
required standard of service to customers and stakeholders.
5.Self-Management
Manage self in line with the bank’s people management policies, procedures, processes and practices to ensure adherence and to maximize own contribution to business
performance.
6.Customer Service
Demonstrate Our Promise and apply the ADCB Service Standards to deliver the bank’s required levels of service
in all internal and external customer interactions.

EXPERIENCE, QUALIFICATIONS & COMPETENCIES
Minimum Experience
At least 4 years of work experience, with 2 years’ experience in banking in compliance, branch or operations department.
Minimum Qualifications
Bachelor’s degree from a well-recognised university.
Professional Qualifications
Knowledge and Skills
Microsoft Office (Word, Excel and PowerPoint) Understanding of account opening and customer documentation
Knowledge of customer transactions and behaviours Exposure to banking transactions
Understanding of banking systems, reports and workflows
Behavioural Competencies
Accelerate Growth
Drive Performance
Communicate and Collaborate
Build Relationships