Job Purpose:
To complete due diligence and adjudication on escalated new to bank client on-boarding, existing clients, payment alerts and investigations. Identify, investigate and report unusual/suspicious cases to UAE Central Bank / Executive office for Control and Non Proliferation as appropriate. Identify Sanctions risk exposure and de-risk flagged customers, or customer activity.
Where required, perform system testing and maintenance in order to ensure compliance with regulatory requirements and mitigate risk for the bank
Responsibilities
Client boarding Sanction reviews:
Sanctions Investigations & Reviews
External Correspondence and Reporting
Customer De-Risking:
Identify, freeze and exit customer relationships in line with defined Policy, SOP and regulatory requirements. Identify reporting requirements and sure submission and completion of these requirements.
Compliance Systems:
Requirements:
Microsoft Office (Word, Excel, Outlook and PowerPoint)
Understanding of account opening and customer documentation
Knowledge of customer transactions and behaviours
A good understanding of banking transactions
Understanding of local/International and Central Bank rules and regulatory requirements specific to Sanctions.
Understanding of banking systems, reports and workflows
Good Geographical knowledge and understanding
Is able to compile, interpret and present reports pertaining to Sanctions risk and geopolitical risk events
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