Senior Manager Financial Crime Compliance and MLRO

Senior Manager - Financial Crime Compliance and MLRO

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area, Group Compliance & Governance :

function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include

• Develop and implement regular monitoring procedures and practices in order to assess the adequacy and effectiveness of internal systems of control and measures in combatting AML / CFT
• Drive the coordination and execution of the financial crime compliance work-streams to ensure alignment with the SAMA guidelines
• Review and approve new products and services from an AML / CFT perspective to ensure any risks are identified and mitigated
• Maintain knowledge of changes in SAMA laws and regulations in order to provide guidance on proposed regulatory changes
• Assist management in developing and maintaining an effective AML / CFT compliance culture to ensure compliance with Banks guidelines
• Act as the interface between the Bank and external regulators / law enforcement on financial crime compliance customer related enquiries / investigations and oversee the provision of relevant / requested information to ensure requests for information are responded to within agreed timelines
• Engage and coordinate with SAMA on the Bank’s overarching AML / CFT and Sanctions risk policies, risk assessment procedures and controls, and the risk mitigation framework, including its Customer Due Diligence (CDD) measures to ensure the quality, strength and effectiveness of the Bank’s AML / CFT and Sanctions programme
• Work with senior management and other internal / external stakeholders to ensure employees are qualified, trained, equipped and aware of their responsibility to combat the threat posed by financial crimes in order to establish and maintain a strong and effective compliance culture within the Bank
• Develop an AML / CFT and Sanctions programme commensurate with the volume and nature of the business of the ADCB KSA branch and the AML / CFT and Sanctions risks it has identified in order to reduce and effectively manage these risks
• Manage the implementation and management of systems, controls, and change initiatives, identifying and developing new or improved delivery mechanisms in order to remain in line with changing legislation and expanding business
• Set and implement the financial crime risk appetite and associated metrics as well as policies and procedures for AML / CFT in order to comply with SAMA standards and also aligned to ADCB Group’s standards and global best practice
• Regularly review the effectiveness of AML / CFT and Sanctions compliance policies and procedures in order to prevent money laundering and counter the financing of terrorism
• Provide client acceptance advice to business units and propose de-risking / exits in order to minimise risks associated with client on-boarding
• Develop and manage a comprehensive sanctions programme to ensure effective implementation through adequate systems and controls
• Implement systems and controls that focus on the prevention and detection of transactions related to the crimes of money laundering, the financing of terrorism and of illegal organisations, reporting suspicions to KSA FIU, and cooperating with the competent authorities to ensure the Bank is adequately protected
• Develop and update regulatory and statutory reporting programmes, such as Suspicious Activity Report (SAR), liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting
• Leverage data analytics and modelling techniques in order to uncover abnormal financial transactions and complex relationships
• Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions to ensure risks identified are properly mitigated for the Bank
• Report any concerns on financial transactions directly to the KSA FIU in order to advise them of any potential AML / CFT observations
• Produce a semi-annual MLRO report in order to keep the relevant parties updated on the financial crime compliance framework and its effectiveness within the Bank, present the report to the ADCB KSA branch management and Group MLRO, and submit to SAMA as required

The ideal candidate should have the following experience

What we offer :

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.

Seniority level : Director

Employment type : Full-time

Job function : Other

Industries : Banking and Investment Banking

Referrals increase your chances of interviewing at Abu Dhabi Commercial Bank by 2x

#J-18808-Ljbffr