CWM EDD Manager Full-time Job

Key Responsibilities:

Lead the Enhanced Due Diligence Team within CWM Governance to:

Conduct enhanced due diligence on customers identified based on ML/FC/PF triggers such as Transaction Monitoring Alerts, Payment Screening Alerts, Sanction Screening Alerts, etc. Conclude reviews as satisfactory/unsatisfactory & recommend relevant action to Business. Track & monitor closure of reviews within stipulated timelines.

Conduct assessment of customers based on adhoc/thematic/typology information received from Compliance. Liaise with respective Business segments as & when required. Provide outcome of assessment to Compliance with plan of action as applicable.

Review OWC delisting requests & if any anomaly noted, raise RFIs to respective Business segment to clarify and validate with supporting documents & updating customer CDD. Where required & justified, assist Business segments in getting Compliance approvals for delisting customers from OWC.

Review and arrange Senior Management risk acceptance for customer relationships identified with compliance concerns for which Business has assured placement of risk mitigants so as to retain the relationships.

Spearhead timely execution of Compliance exits, responses on STRs and related actionable so as to ensure there are no breaches in meeting the prescribed deadlines.

Review all new/amended Compliance policies/regulations, seek Compliance guidance where required & provide downstream guidance/training to team members, Business segment & other stakeholders, as applicable, while ensuring timely implementation & Compliance with bank’s internal policies, external imperatives and regulatory protocols.

Work as trouble shooter for Unit Head and identify gaps in processes and systems by proactive involvement in day-to-day activities. Ensure trigger-based review process is streamlined and has adequate controls at the same time so as not to create bottle necks for Business.

Motivate & support the EDD team via regular training & guidance, track and monitor progress and report to Unit Head/ Head of Governance on action points as applicable.

Attend to Business queries, conduct periodic meetings with Business segments and provide guidance/solutions to their issues while ensuring AML/FCC/NPF controls are not compromised.

Participate & work closely on Compliance projects ensuring support for timely implementation as per project plan.

Act as a point of contact Internal Audit reviews and meetings. Ensure unit meets minimum Satisfactory rating in internal audit reviews.

Act as a point of contact for QA/Compliance reviews and meetings. Ensure unit attains Compliant rating in QA & Compliance Monitoring Reviews.

Works closely with other support functions to ensure Service Level Agreements/Turn Around Times are being met and measure performance through MIS reports.

Publish periodic/regular MI & dashboards to Unit Head, Head of Governance, Compliance & Business stakeholders highlighting the unit’s progress.

Job Skills & Qualifications:

A minimum 7 years professional experience in Banking with extensive experience in Compliance, Business Banking, Retail Banking & Back-office Operations.

At least 2 years of experience in a Managerial role is required.

AML/Compliance certifications such as ACAMS will be advantageous.

Candidate must have a proven track record of consistently high levels of performance; Should be self-motivated & driven towards achieving excellence.

Emirates Islamic was launched in 2004 to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. Offering a broad range of products designed for individuals and small businesses as well as large corporations, Emirates Islamic is the right choice for those looking for excellence in managing their finances.
Emirates Islamic Bank (P.J.S.C.) is licensed by the Central Bank of the UAE.