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Manager, Payments Sanctions Monitoring

HEA002052 Requisition #

Job Specific Accountabilities
Strategic Contribution
  • Support the implementation of the Bank’s Group-wide Compliance strategy within the First Line of Defence to ensure the efficient management of the Sanctions Payment Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.
  • Stay abreast with the controls environment, control appropriateness and effectiveness and control testing tools and techniques available within the Bank and work closely with the Second Line in Group Compliance to continuously identify and define requirements, gaps, and strategies to manage the Risk Appetite of the Bank.

§  A good understanding of monitoring and control testing tools and techniques ability in line with the Bank’s defined control testing and monitoring objectives.

§  Support the business lines in extending their products by way of reviewing and screening their clients’ transactions with regard to the Sanctions and overall AML/ CTF risks associated.

§  Measure the appropriateness and screening capabilities of the product platforms with the Surveillance systems of the Bank.

People Management
  • Effectively contribute to define the training and competency framework for the Sanctions Payment Screening Team.
  • Effectively manage and supervise the Sanctions Payment Screening team by tracking against individual objectives and motivating staff to maximise performance.
  • Support the Group Compliance in developing and delivering Sanctions Payment Screening related training.
  • Provide guidance and on the job training for colleagues and conduct knowledge sharing sessions locally as well as to International Teams.
  • Identify resource requirements to efficiently manage the FLOD Surveillance Teams ensuring the right set of skills and knowledge are maintained within the Team.
  • Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the bank.

Budgeting and Financial Planning

  • Assess the team’s budget requirements and monitor adherence to budget, while ensuring all activities are conducted in line with the approved guidelines.
Policies, Systems, Process & Procedures
  • Support the Group Compliance in developing, maintaining and reviewing Sanctions Payment Screening related policies.
  • Provide technical compliance advice to all areas of the business on all regulatory/KYC, Sanctions and AML matters.
  • Develop procedures and processes notes.
  • Oversee effectiveness of local Sanctions Payment Screening to support operational controls to define system requirements, parameters, scenarios, logic and underlying models.
Continuous Improvement
  • Identify opportunities for continuous improvements to Sanctions Payment Screening related systems, processes and practices based on risks and control deficiencies identified.
  • Recommend, initiate and implement, optimisations to screening methodologies and parameters in order to maximize cost efficiency and effectiveness of FAB’s regulatory compliance locally as well as for all jurisdictions where FAB operates.
  • Working closely with the Technology, Data & Reporting Team on KPI’s and KRIs for reporting to senior stakeholders.
  • Ensure information for MI related to Sanctions Payment Screening is delivered to the Technology, Data and Reporting team in a timely manner.
  • Manage similar reporting for International Branches and match their reporting requirement and standards.
 Payment Screening
  • The job holder should possess and be abreast with complete knowledge of all:-
  • Regulatory compliance, Sanctions and AML policies & guidelines relevant to FAB’s international network
  • Industry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branches
  • Changing and evolving regulations laid down by the CBUAE and International governing bodies.
  • Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.
  • Manage and supervise the team in the performance of:

-       First Level Investigation and clearance of Payments Screening alerts along with recording the rationale for clearance

-       Escalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.

-       Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions.


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