AVP- KYC Review & Approval-Corporate Emiratized Role

AVP- KYC Review & Approval-Corporate (Emiratized Role)

• Full-time
• Sub Division: Credit - Administration
• Division: GCOO

Join the UAE's largest bank and one of the world's largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark at a top company, in an exciting & dynamic industry.

JOB PURPOSE

In accordance with UAE and international Anti-Money Laundering Requirements, banks such as FAB are obliged to perform Know-Your-Client ('KYC') reviews on all new clients they adopt and periodic reviews of these clients.

To lead and manage the KYC & Onboarding function, ensuring it is fit for purpose and meets international best practice standards. The centralised team will perform the client On-boarding 'approval' role. This can be either new on-boarding, trigger events, or periodic reviews. It will ensure the documentary evidence meets internal guidelines and regulatory expectations. Additionally, adherence to Group KYC standards needs to be enforced.

KEY ACCOUNTABILITIES:

Corporate and Investment Banking Group

A team leader for the centralised client On-boarding 'approval' team which will conduct the following activities:

• Review and approve KYC Customer Due Diligence (CDD) for new on-boarding, trigger events, or periodic reviews, focusing on Corporate & IB.
• Main stakeholders include Clients, Coverage Bankers (Region/Global), KYC Operations Team, Compliance, and Offshore Support Team.
• Experience in risk management and proven ability to support business development while applying risk management disciplines and controls.
• Previous experience developing relationships through effective communication, influencing, and negotiation with business heads, senior managers, and technical experts.
• Engage with Coverage Bankers to understand the strategic clients and their long-term requirements during the Business Case and client selection process.
• Ensure adherence to all internal policies/procedures and external regulatory requirements.
• Experience handling post facto transaction reviews for correspondent banking clients and knowledge of key principles like Nesting & Downstream activities is advantageous.
• Perform post facto transaction analysis for correspondent banks annually and flag any Nested payments to Compliance & Coverage Bankers.
• Support AVP, Coverage Bankers, and Business Compliance in conducting EDD Meetings with Correspondent Banks as needed.
• Conduct independent analysis of high-risk factors and escalate relevant cases to Financial Crime Compliance teams (FCC).
• Maintain adherence to escalation and abandonment policies.
• Prioritize and maintain discipline in partnership with local business to ensure cases are accepted through approved channels and expectations are managed.
• Manage the approval process for CDD delivery and support various change management & digital initiatives, including providing advisory, drafting SOPs, Checklists, and internal MEMOs.

Relationship Management

• Develop and manage relationships with Corporate & Investment Banking stakeholders across business lines and supporting functions.
• Facilitate efficient client on-boarding & off-boarding through strong support and communication with internal & external clients.
• Deliver fair outcomes for customers and ensure conduct maintains the orderly and transparent operation of financial markets.

People Management

• Manage the KYC & Onboarding team by tracking objectives and motivating staff to maximize performance.
• Support the Department in delivering KYC and Onboarding related training.
• Provide guidance and on-the-job training for staff and conduct knowledge-sharing sessions.
• Act as a role model to direct and indirect reports, driving adherence to organizational values and ethics and fostering a value-driven culture.
• Identify opportunities for continuous improvements to CIB Onboarding, KYC-related systems, processes, and practices based on identified risks and control deficiencies.

Reporting

• Prepare and present information for MI related to the Investment Banking segment for On-boarding & KYC on a periodic basis.
• Update CDD Exception tracker and track exceptions to resolution, circulating the tracker to relevant stakeholders monthly.
• Monitor monthly KYC KRI/KPI reports.
• Interact with other stakeholders to help KYC teams achieve KIRs/KPIs.

Minimum Requirements:

• Bachelor's degree or higher in management, banking, finance, preferably with certification in compliance, KYC/AML/CFT, financial crime, or risk management.
• Minimum of 7-10 years of experience in a reputable financial institution.
• Minimum of 3-5 years of experience in an On-boarding and KYC role.
• Relevant experience (AML/KYC/compliance related) with an understanding of financial institutions' KYC requirements.
• Understanding of the end-to-end KYC and client on-boarding processes.
• Familiarity with AML/KYC regulations and industry guidelines (e.g., UAE Regulations, FATF, JMLSG, 3rd, 35th & 5th EU Money Laundering Directive, US PATRIOT Act).