Assistant Manager, Compliance – Job Vacancy – Dubai, United Arab Emirates

Emirates NBD – Dubai, United Arab Emirates

• Job Location:- Dubai, United Arab Emirates
• Company:- Emirates NBD
• Education:- As Mentioned
• Nationality:- UAE National
• Gender:- Male / Female
• Number of Vacant Positions:- Not Mentioned
• Salary:- Negotiable
• Job Type:- Permanent
• Experience:- As mentioned in the Description

About Emirates NBD

Emirates NBD, the main Financial Gathering in the MENAT district, was shaped on 19 June 1963, when H.H. Late Sheik Rashid container Saeed Al Maktoum marked the Sanction of Joining of the Public Bank of Dubai (NBD) which turned into the principal Public Bank laid out in Dubai and the Assembled Bedouin Emirates (UAE). With the favors of H.H. Sheik Mohammed canister Rashid Al Maktoum, VP and Top state leader of the UAE and Leader of Dubai, NBD converged with Emirates Bank Global (EBI) on 06 Walk 2007, to frame Emirates NBD, the biggest financial gathering in the district by resources. On 16 October 2007, the portions of Emirates NBD were authoritatively recorded on the Dubai Monetary Market (DFM). The consolidation among EBI and NBD to make Emirates NBD, turned into a territorial union outline for the banking and money area as it joined the second and fourth biggest banks in the UAE to frame a financial boss equipped for conveying improved esteem across Corporate, Retail, Islamic, Speculation, and Confidential Banking, Worldwide Business sectors and Depository, Resource The executives and Financier tasks all through the locale.

In 2013, Emirates NBD commended its 50th commemoration, denoting the Gathering’s extraordinary accomplishments while featuring the bank’s strong authentic and monetary establishments as well as its promising future.

As at 30th September 2022, complete resources were AED 721 Billion, (identical to approx. USD 196 Billion). The procurement of DenizBank addresses a critical achievement for Emirates NBD with the Gathering extending its presence to 13 nations, adjusting more than 17 million clients. The Gathering is positioned among the main 20 in the Forbes’ rundown of the World’s Best Respected Organizations, getting a main spot among worldwide brands.

The Gathering has a huge retail banking establishment in the UAE and is a critical member in the worldwide computerized financial industry with 94% of every monetary exchange and demands directed beyond its branches. The Gathering likewise works Liv., the way of life advanced bank for twenty to thirty year olds kept on being the quickest developing retail suggestion in the UAE and KSA.

Job – Assistant Manager, Compliance

Job Description:

Compliance Officer, M grade (UAE National)

Department Description:
The Compliance Organization Unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators
Brief Description:
Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices
Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis
Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures This includes the provision of training on key policies and procedures such as Sanctions AML and CTF
Undertaking periodic risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied with Managing the alert investigation process arising from the key Compliance systems and escalate to Senior management regarding significant noncompliance

Detailed Description:
Reporting to the Manager the incumbent will be responsible for performing and leading periodic reviews related to NTB accounts payments and customer screening in accordance with Compliance Risk Assessment Tool Internal policies and procedures local and international regulatory requirements while demonstrating an understanding of the risk profile of the CIB client segments Take an active role in ensuring that the Banks customers satisfy local and international legal and regulatory requirements in relation to financial crime and Emirates NBD standards through the application of appropriate procedures
Document conclusions for reviews performed in concise management reports and provide awareness around significant risks and daily MIS must be stored for audit purposes
Knowledge of local and international regulatory and legislative due diligenceDD requirements and appreciation and awareness of industry best practise and standards
Interpret and implement quality assurance standards and procedures
Assist in departmental projects as required and any other tasks assigned by the respective line manager

Job Requirements:
Perform quality evaluations on defined samples of various workstreams Participate in and lead team discussions on the calibration of findings and build consensus and draft reports prior to finalizing records Track and review Quality Assurance observations with Senior Management
Participate and contribute to Team meetings workshops and daily huddles
Act as a positive influence in maintaining a collaborative culture
Support Manager for queries relating to Group Compliance for all internal and external audits
Provide necessary progress updates on addressing audit points to Unit Head and ensure all related audit points are closed on time
Followup with Business to ensure necessary actions are taken to close out the audit observations in the area of AML and CDD

Job Qualifications:

Additional Details:
1 The incumbent will have a degree education as minimum preferably a post graduate qualification
2 Compliance qualifications from an internationally recognized body is desirable like ACAMS International Compliance Association certifications diploma etc
3 The incumbent will have at least 5 years compliance experience in the financial services industry preferably Retail Bank Private Bank and CIB Bank in a recognized market Very good experience in onboarding clients performing Quality Assurance reviews etc

4 UAE experience preferred
5 Good understanding and awareness of regulatory requirements international best practice Anti Money Laundering and Sanctions requirements especially the UAE Central Bank
6 Experience in analyzing and interpreting regulations and regulatory requirements
7 Problem identification and solving skills
8 Good written and oral communication skills
9 Ability to communicate well
10 Good time management skills and adherence to deadlines essential
11 Teamwork
12 Flexibility
13 Ethics Integrity
14 Decision making Problem Solving
15 Creative and Innovative thinking

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