• Mashreq Bank Jobs | Compliance Manager - Sanctions Unit, Dubai, UAE

    Mashreq Bank Jobs | Compliance Manager - Sanctions Unit, Dubai, UAE

    Location: Dubai - United Arab Emirates
    Published:

    Job Description

    Interpret domestic and international sanctions (UAE, US, UK, EU UN etc.) and maintain awareness/knowledge of sanctions that impact the bank and/or its branches or subsidiaries. Update Bank’s Sanctions Policy/ Matrix with evolving sanctions regulations.

    Review customer relationship/ business proposal/ Transaction referral by Business/ Operations from sanctions perspective. Conduct EDD on the underlying commercial activity; clear/ decline transaction in line with the regulatory requirement to protect the bank from penal action.

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Manage blacklist-screening systems for the bank (multi-jurisdiction); ensure that the lists applicable to each jurisdiction are kept up-to-date at all times and are applied in accordance with the regulatory requirements.

    • Maintain ongoing awareness/knowledge of all applicable internal/external sanctions requirements and existing/emerging legal/statutory

    • Environment – identifying any issues that could impact bank.

    • Provide Head of AML & Sanctions with assurance that all controls required under sanctions regulations are embedded within the processes of the bank to avoid any sanctions breach and/or establishing relationship with a blacklisted party.

    • Manage vendor relationships for compliance related systems in terms of quality of service, responsiveness, cost etc. Manage Budget and resources to prioritize system enhancement/ up-grades.

    • Manage lists of sanctioned and blacklisted parties in bank’s payments filter and customer screening system.

    • Provide Sanctions advice and guidance to the other ECF staff members/ business & operations.

    • Promptly escalate any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities and/or international bodies for breach of sanctions Undertake periodic review or self-assessment of key controls to assess the quality and effectiveness. Conduct Compliance Monitoring periodically to ensure there is no lapse of Sanctions requirements/policies.

    • Report findings and submit recommendations for corrective action, if required.

    • Manage Regulatory inspections of the Sanctions area.

    • Act as a focal point to the examiners and facilitate trouble-free examination.

    • Ensure implementation/regularization of recommendations, if any, within the agreed deadline(s). Keep HO Compliance updated with the progress.

    • Conduct special investigations and/or respond to the Enhanced

    • Due Diligence queries raised by law enforcement agencies and other overseas branches/correspondent banks. Provide feedback (accurate information) within the agreed timelines.

    • Evaluate, train and motivate business/operations staff to enhance their skills and knowledge of evolving Sanctions regulations. Establish and maintain training programs for the unit and for business/ operations in and maintain training programs for the unit and for business/ operations in

    • Manage the available resources efficiently by creating a well-built and dynamic team.


    Job Requirements

    • Graduate with 5-7 years of banking/AML/Sanctions Systems experience.

    • Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.

    • Knowledge and understanding of the International/UN sanctions.

    • Systems expert with advanced knowledge of MS Excel and Business Object (BO) reports and Mashreq Systems.

    • Good command over spoken and written English.

    • Good presentation skills.

    • Efficient and logical approach to problem solving.

    Job Details

    Company: Mashreq Bank

    Employment Type: Full-time

    Job Location: Dubai, United Arab Emirates

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