• SIB Bank Jobs | Compliance Officer - Client onboarding, Sharjah

    SIB Bank Jobs | Compliance Officer - Client onboarding, Sharjah

    Location: Sharjah - United Arab Emirates
    Published:

    Job Description

    To undertake due diligence reviews of relationships submitted to Compliance in line with local regulatory requirements, SIB Compliance requirements and international best practice standards. To remain abreast of regulatory developments and international best practise on risk typologies, trends and methodologies around Know Your Customers (KYC) and Customer Due Diligence (CDD) standards and requirements. Ensuring Clear advice and guidance to business units on the KYC & CDD standards to be met and documents required to meet the relevant standards.

    Your main responsibilities in this role include the following:


    Duties and Responsibilities

    • Performing Enhanced Due Diligence on High Risk Accounts on boarding request for

    • Corporate Banking, Fl and Treasury Departments

    • Handling all request pertaining to ultra-high accounts such Off shore Companies/ DNFPB/ PEP/ Charity/ NPO, MSB, for SME / Retail / Priority Banking Business segments.

    • Reviewing Correspondence bank account opening ( RMA Establishment / Vostro Account)

    • Investment related Due Diligence for sanctioned country nationals.

    • Ensure that the identities of all parties to an account, including the Ultimate Beneficiaries, POA holders/ Controlling persons, legal guardian must be verified through Public domain and internal system as per CBUAE guideline

    • Well aware about CBUAE latest guidelines about FATCA & CRS Regulations.

    • FATCA & CRS annual reporting to Central Bank of UAE. Awareness about FATCA & CRS remediation projects.


    Job Requirements

    • Candidate must have Analytical skill to review high risk customers on boarding request. o Well aware about CBI-JAE Regulations on AML/CFT, Regulatory Compliance.

    • Well aware about Microsoft office that includes Microsoft word & Excel.

    • CAMS & other Regulatory certifications will be considered added value.

    • Minimum 2 years’ experience within Compliance.

    • Strong in both oral and written : English and Arabic.

    Job Details

    Company: Sharjah Islamic Bank - SIB

    Employment Type: Full-time Job

    Job Location: Sharjah, United Arab Emirates

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