Team Leader, Sanctions Compliance (Deputy to the Head of Sanctions)
United Arab Bank
Total des années d'expérience :20 years, 11 Mois
Responsible for the bank's payments filter and customer screening applications.
Assess the FinCrime training needs and deliver training programs.
Act as the single point of contact for handling sanction queries from various sectors of the bank.
Conduct investigations on suspicious transactions and/or customers and file STRs to UAECB.
Conduct UATs for systems enhancements and event triggers.
Assess new and existing products to mitigate any possible FinCrime/Sanction risks.
Evaluate existing SOPs of various functions across the bank to ensure that they meet the regulatory requirements especially in terms of sanctions.
Maintenance of compliance manual and compliance policy of the bank.
Write policies, procedures and other notices to ensure bank meets regulatory expectations in terms of sanctions compliance.
Organize, plan, develop tests and samples for the annual compliance monitoring program.
Assist head of department in various staffing, training, appraisals and development programs as well as maintain various Management Information Systems and knowledge base for the department.
Responsible for assigning tasks to other members of the team and assist head of department in staff evaluations.
Deputy manager and Team Leader in Trade Finance and Remittance. Managing a team of 15 officers and acting liaison officer for onshore and offshore activities. Maintenance of Management Information and preparing policies and procedures for efficient execution of various activities. Evaluation of direct reportees and conducting training for existing staff and new joiners. Single Point of Contact between Senior Management and Head of Department for execution of new processes, controls and staffing matters.
Authorization & verification of remittances (inward & outward)
Independently handling SWIFT operations
Analyzing and providing for weekly and quarterly transaction error reports.
Ensuring compliance check (internal & external regulations) prior to
processing transactions
Monitoring remittances for any money laundering or suspicious activities.
Supervision of processed and unprocessed transfers
Assisting in semi-annual and annual appraisals - processes, human,
transactional.
Coordinating and providing feedback to the IT department
Performing project support functions - Core Banking (Fusion), STP of
incoming & outgoing transfers, FTS 3.0
Analysis and reporting of daily volume of transactions and their nature -
highlighting suspicious activities
Handling and providing solutions to customer queries
Authorization & processing remittances.
Reconciliation and settlement of outstanding credits and debits
Setting up standing instructions and payment instructions
Authorization of standing orders
Issuing pay orders and demand draft
Assisting team leaders with day to day activities and on going projects.
Handling and providing solution to customer queries
Coordinating with the Project Management Team for testing &
implementation of IT projects