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
