AVP- TBML - Transaction Monitoring
First Abu Dhabi Bank
- Abu Dhabi
- Permanent
- Full-time
- Follow all relevant TBML policies, processes and standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
- Support in the review and update Group TBML&CFT Policy at least on annual basis or as and when there are significant changes to the laws and regulations or key processes
- Conduct periodic review of Trade Finance FCC Control procedures to ensure the guidelines are appropriately incorporated
- Develop guidance notes and desktop Standard Operating Procedures (SOP) on specific TBML matters
- Provide Trainings to Trade ops related to handling of TBML red flags
- Provide support and advice to business and other support functions in relation to the application of AML policies and procedures to their function.
- Review and provided feedback on policies and procedures received from other units and international affiliates (branches and subsidiaries) from TBML standpoint
- Provide support to VP, AML TM-TBML in execution and program management of FCC/AML related projects
- Identify and propose opportunities for continuous improvements to TBML related systems, processes and practices based on risks and control deficiencies identified.
- Provide updates on emerging TBML red flags high risk products and goods to enable the same as part of TBML screening
- Provide periodic training TBML training to the staff within team and wider organization.
- Support in monitoring of the performance of the TBML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
- Perform Thematic Reviews on TBML high risk accounts and transactions based on typologies, trends, and developments.
- Record, monitor and report volume of queries, referrals and TBML clearance received from various stakeholders to senior management
- Responsible for extracting various reports from TBML tool / TBML Dashboard as part of management reporting
- Provide inputs to the senior management on guidelines to the Compliance Technology, Data & Reporting Team on KPI's and KRIs for reporting to senior stakeholders.
- Provide AML advisory services to the business, support functions and operations on customers, transactions, products, and services
- Prepare AML / TBML advice for internal and external (group-wide) stakeholders on customers, transactions products and services.
- Perform level-2 transaction monitoring investigations and prepare case files.
- Notify the senior management on all incidents of non-compliance with regulation and legislation (if any), in a timely manner.
- Review queries related to trade transactions and monitor TBML or structured transactions.
- Support in the review and update of AML/TBML focused training and e-Learning modules
- Act as TBML Subject Matter Expert (SME) to the Business.
- Provide advisory on Trade Finance products/services and transactions
- Support in execution of TBML related reviews (thematic reviews)
- Support in the design of the Bank's Trade Based AML Program including review and update of policies & procedures and training programs
- Ongoing review of TBML typologies and trade transaction monitoring scenarios
- Ongoing collaboration with Trade Finance Units (Trade Ops, TBR, & GTB Compliance) to further strengthen TBML control environment
- Delivery of focused TBML training session with Compliance and Trade Finance teams
- Support in preparation of TBML Compliance Advisory to key stakeholders
- Support VP - AML TM in the TM enhancements and related projects
- Support Group VP - AML TM in the periodic tuning of TBML System thresholds and scenarios
- Responsible to day-to-day management of AML advisory related queries, referrals and AML clearance received from relevant stakeholders within the Bank
- Drafting responses to correspondent bank questionnaires, regulatory submissions
- Conduct Investigations, perform research and take action on the AML queries related trade products and transactions.
- Carry-out the compliance duties to ensure the day today functions are adhering to the CBUAE regulations and in line with the bank's policies and procedures
- Monitor the Group Internal Audit (GIA) issues related to AML. Review the recommendations made by GIA and perform agreed action to remediate the risks identified.
- Review and address AML & Watch list and alerts. Update the blacklists on a regular basis.
- Provide support to VP, AML on AML activities and projects
- Support in execution and program management of financial crime related projects as per the project guidelines.
- Other duties as assigned by the heads of the departments.
- Graduate/Master of Commerce in finance and accounting.
- Certified Anti-Money Laundering Specialist (CAMS) from ACAMS, USA
- Certified Documentary Credit Specialist (CDCS) from LIBF, UK
- 10+ years of experience in Banking & Finance domain and specialized in TBML/Trade transaction screening and Trade finance operations with knowledge in AML&CFT/Sanctions/KYC /Transaction monitoring roles.