Job Opportunity in UAE as a Payments Sanctions Monitoring Specialist

First Abu Dhabi Bank provides a job opportunity in UAE as a Payments Sanctions Monitoring Specialist. You will be responsible for supporting the implementation of a robust Compliance Monitoring Program for the bank to ensure the adherence to the policies and procedures of the bank to confirm compliance with the Regulatory guidelines with regard to Sanctions Screening and other monitoring requirements.

You will be responsible for:

Strategic contribution:

• Support the implementation of the Bank’s Group-wide Compliance strategy within the First Line of Defense to ensure the efficient management of the Sanctions Payment Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.
• A good understanding of monitoring and control testing tools and techniques ability in line with the Bank’s defined control testing and monitoring objectives.
• Flexible working hours, morning/late or evening shifts. Team member should be flexible to work on Friday or UAE holiday as unit works all on days of week including Eid holidays.
• Flexible for Covering weekends, public holidays, considering current 360 working days.

 People Management:

• Effectively contribute to define the training and competency framework for the Sanctions Payment Screening Team.
• Provide guidance and on the job training for colleagues and conduct knowledge sharing sessions locally as well as to International Teams.
• Continuous improvement.
• Identify opportunities for continuous improvements to Sanctions Payment Screening related systems, processes and practices based on risks and control deficiencies identified.

 Reporting:

• Working closely with the Technology, Data & Reporting Team on KPI’s for reporting to senior stakeholders.
• Ensure information for MI related to Sanctions Payment Screening is delivered to the Technology, Data and Reporting team in a timely manner.
• Manage similar reporting for International Branches and match their reporting requirement and standards.

The job holder should possess and be abreast with complete knowledge of all:

• Regulatory compliance, Sanctions and AML policies & guidelines relevant to FAB’s international network.
• Industry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branches.
• Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.

Analyst responsibilities in performance of:

• First Level Investigation and clearance of Payments Screening alerts along with recording the rationale for clearance.
• Escalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.
• Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions.
• Monitoring and supporting timely implementation of Compliance systems projects applicable to domain.
• Participate in relevant projects as per the project guidelines set by the group compliance.

You must have:

Minimum Qualification:

• Bachelor’s degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk management.

Technical Competencies/Experience:

• Minimum of 3 to 5 years of experience in a reputed bank.
• Minimum of 2 years of experience preferably in an Sanctions Payment Screening role.
• Fair knowledge and capabilities to decipher Sanctions and AML/CTF regulations for global regimes.
• Excellent written and spoken communications skills.
• Positive and enthusiastic attitude.
• Able to work on weekends, public holidays, and evening shift till midnight, on call 24/7.

About First Abu Dhabi Bank:

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customized experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

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