Compliance Officer – 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:- Any Nationality
• 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 – Compliance Officer

Job 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:
Setting out the relevant regulatory requirements and expectations that the Bank must comply with in an Obligations Register which then maps these to the Banks policies procedures and processesincluding systems
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

Detailed Description:
The incumbent is responsible for identifying reasonable grounds of suspicion from FCC perspective drafting and reporting of suspicious and unusual transactions and activities in the format of STRs SARs including following up with Business Units and other internal departments across the Group where the international jurisdiction allows it to support a consistent approach and promote high quality of reporting and efficiencies across the Compliance activities
Job Requirements:
Review all cases escalated from various units for potential money laundering risks or concerns and prepare the draft on the cases to be reported to FIU
STR shall be filed in timely manner by adhering to the FIU requirements All the requirements should be submitted within the agreed TAT on the team
Provide feedback to business within agreed TAT on customers about STRExit etc
All FIU responses to be addressed with the TAT provided by FIU
Maintaining and providing of accurate MI as instructed on all aspects related to STRs within the expected timelines
Providing assistance to the Group Compliance in adhoc Compliance projects and investigations

Additional Details:
Good understanding of AML KYC Sanctions Name screening
Sound compliance knowledge
Analytical and attention to detail
Problem identification and solving skills
Good written and oral communication skills
Ability to communicate at both detailed and concise levels with all levels of management
Good time management skills and adherence to deadlines is essential
Good team management skills
Demonstrated project management and leadership skills
Negotiation and influencing skills
MIS Skills

Job Qualifications:

AS Mentioned in the JD

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