In this role, your key responsibilities include:
To manage the identification of key sanctions risks and deficiencies, detailing and reporting on major sanctions changes, risks and concerns, reviewing and updating sanctions policies and procedures as per the defined timelines, including ad hoc requirements and or events such as geopolitical or regulatory changes, researching and reporting trends identified in analytical reviews to ensure all sanctions risks and trending issues are found and rectified within agreed timelines
Maintain the effective management of account opening/Know Your Customer (KYC) escalations related to potential sanctions risks to ensure Bank policies and regulations are adhered to
Work with applicable business units including vigilance and control teams to ensure appropriate information sourcing and risk identification Document decisions for reviewed clients and provide advisory for sanctions risks referred by various business units in order to provide final approvals for all escalated cases
The ideal candidate should have the following experience:
At least 8 years of experience in sanctions compliance, exposure to Financial Crime or Anti-Money Laundering (AML) is beneficial
Bachelor’s Degree in Commerce or Business Administration
Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Sanctions Specialists (ACSS)
Knowledge of international sanctions regimes and compliance implications
Exposure to multiple jurisdictions that monitor for and enact sanctions regulations
Excellent understanding of Banking transactions
Understanding of local/International and CBUAE rules
Expertise in sanctions risk assessment and mitigation strategies
Strong analytical skills for transaction evaluation and risk identification
What we offer:
Competitive Salary: The indicative pay range for this role is AED 40,000 - AED 54,000 per month. Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.