AVP- KYC Review & Approval

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

Job Purpose 

Govern all KYC related activities onshore and offshore including international locations to ensure they are aligned with bank policies and regulations.

Developing and overseeing control systems to prevent or deal with violations of legal guidelines and internal policies.

Evaluating the efficiency of controls and improve them continuously.

Revising procedures, reports etc. periodically to identify hidden risks or non-conformity issues.

Key Accountabilities

• Ensure implementation of sound processes for NTB, PR & TR while Ensuring compliance with UAE Central Bank regulations and bank policies/ procedures related to CDD, AML/CTF, PEP & Sanctions.
• Provide advisory on bank policies/procedures, regulatory requirements, CDD Process and FCC risks such as PEP, adverse media, sanctions.
• Ensure KYC unit SOPs, CDD Checklists, Process Guidance Notes, CDD form, PEP form and Sanctions Exposure Questionnaire (SEQ) are always up to date with the latest guidelines and regulations.
• Support in deployment & enhancement of CDD processes and other systems for the sake of automation
• Ensure adherence to all internal policies / procedures and external regulatory requirements at all times.
• Support in change management & digital initiatives for KYC unit
• Build strong ties with key stakeholders including international locations, Business Management, FCC/Compliance & Business Compliance for the improvement / simplification of KYC processes and smooth completion of KYC reviews to enhance the customer experience.
• Oversight of training initiatives on bank’s KYC Policies/Procedures and Processes for the KYC teams
• Oversight on Quality assurance closure of recommendations.
• Review and oversee local adherence to Group Compliance On-Boarding & KYC Policies, Procedures and Processes
• Oversee effectiveness of On-Boarding & KYC systems to support operational controls including acting as an SME to define system requirements, parameters, scenarios, logic and underlying models as well process enhancement and optimization.
• Evaluate the efficiency of controls and improve them continuously.
• Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues.
• Prepare reports for senior management as appropriate.

People Management

• Lead the teams by tracking against individual objectives and motivating staff to maximise performance.
• Provide adequate coaching & necessary training for team members and ensure ongoing performance feedback.
• Act as a role model to direct reports to drive adherence to FAB’s values
• Collaborate with all Stakeholders to ensure seamless assignments delivery.

Strategic Contribution

• Support implementation of the Bank’s Compliance strategy within the KYC teams to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

MI Reporting

• Ensure MIS reporting is timely maintained.
• Ensure KYC deferrals are updated in the relevant tracker and tracked to resolution.
• Ensure PEP trackers and other relevant trackers are properly maintained.
• Preparation of presentations and dashboards on ad-hoc basis
• Interact with other stakeholders and help the KYC teams achieve KPI’s.

Budgeting and Financial Planning

• Control and management of budgets allocated for any KYC related projects.

Minimum Qualification

• Bachelor’s degree or higher in Management, Banking, Finance, preferably with certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management

Minimum Experience

• Minimum of 6-8 years of experience in a reputed Bank in Consumer Baking or similar function
• At least 4 years technical experience across various aspects of Regulatory and Financial Crime Compliance (e.g., local and international requirements, FATCA, CRS, GDPR, AML, KYC, etc.)
• Internal Audit experience and Compliance Assurance background would be considered an asset.
• Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and ability to assess

#LI-KS1