Manager - AML Investigation and Deputy MLRO

JOB PURPOSE

To investigate and report suspicious activity and transaction cases that
have been referred by peers or external/internal stakeholders and act as the deputy MLRO to ensure end-to-end management and escalation of the AML process for the bank

ACCOUNTABILIITIES

Money Laundering/Financing of Terrorism Investigation and Analysis: 

Manage the daily investigation activities, detection of
transactions related to the crimes of money laundering; financing of terrorism and of illegal organisations in order to report suspiciions to the Central Bank Financial Intelligence Uni1t (FIU) and cooperate with the Competent Authorities in relation to AML/CFT duties

Investigate suspicious cases referred by the AML Monitoring unit and cases raised by other external/internal stakeholders in order to ensure escalation of the AML process and support the reporting
of such suspicious cases to the Central Bank

Take final decisiions and consult with the MLRO as
needed on suspicious activity reporting to Central Bank in
order to meet regulatory obligations

Develop and update regulatory and statutory reporting
programmes, such as suspicious activity report (SAR),
liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting

Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations

Leverage data analysis platforms and review analytics/ modeling techniques in order to uncover abnormal financial transactions and complex relationships

Analyse trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks

Design and deliver training on AML/CFT to Bank and Compliance employees including latest developments/trends to ensure competence levels are maintained

Reporting

Review and produce periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO

System Management

Ensure ongoing review, assessment and enhancement of existing system parameters and thresholds in order to improve effectiveness and efficiency
Ensure AML model validation is performed to ensure it is calibrated to meet regulatory expectations and international standards

People Management

Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance

Organise and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems

Policies, Processes, Systems and Procedures

Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders

Provide recommendations for changes to existing policies, processes, systems and procedures to accommodate any regulatory changes relating to Anti Money-Laundering to ensure aligned with international best practices/standards

Continuous Improvement

Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programmes and projects in line with the bank’s standards

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

Minimum Experience: At least 7 years of experience/exposure to banking transactions, compliance, client acceptance and exposure to regulatory Anti Money Laundering requirements in a Bank

Minimum Qualifications: Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration

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 local/International and Central Bank rules and regulatory requirements
• Understanding of banking systems, reports and workflows