Manager - Financial Crime

Job Purpose:
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The Manager - Financial Crime manages the policies and procedures related to KYC & AML-CFT risks (from the regulators - UAE Central Bank and UAE Capital market Authority (CMA) regulations.
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The Manager - Financial Crime contributes to the transaction monitoring framework.
Key Responsibilities:
The role encompasses these key responsibilities:
Policies, procedures & risk assessment:
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Leading the financial crime policy and procedures framework ensuring effective implementation of KYC and AML-CFT policies.
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Update the policies & procedures whenever necessary.
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Contributes to
AML risk assessments, ensuring a strong control environment to mitigate financial crime risks.
AML-CFT Transaction Monitoring
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Contributing to the AML-CFT transaction monitoring framework, advising/managing a team responsible for processing alerts, maintaining and enhancing the transaction monitoring system, and ensuring compliance with regulatory requirements.
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Management of the transaction monitoring team (and advising the first Line of defence team), ensuring timely and accurate review, escalation, and resolution of alerts and suspicious transactions.
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Review Suspicious Transactions and Suspicious Activity for submission to the MLRO.
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Maintain strong engagement with business units to ensure adherence to AML-CFT policies.
Engagement with regulators
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Support the MLRO to engage with the UAE regulators on AML-CFT compliance matters.
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Deliver AML-CFT training and awareness programs across the organization under the MLRO guidance.
Management Responsibilities
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Responsible for distribution of tasks and responsibilities among employees under your supervision: Transaction Monitoring team.
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Supervision of staff’s work and tasks, with accountability to ensure delivery of and compliance with tasks.
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Overall responsibility for ensuring employees’ competence and appropriateness in line with the above, but also responsible for escalating and taking an appropriate course of action in case of non-compliance on the part of the employee.
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Key contributor to achieving EIBank’s Emiratisation targets.