Executive Manager - Sanctions Advisory

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About the Business area:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include:

• To identify sanctions deficiencies, provide sanctions advise and monitor integrity of sanctions lists in payment and screening systems to ensure compliance with regulatory requirements and mitigate sanctions risk for the Bank
• In conjunction with, and as required by the Chief Officer of the Group, contribute to the formulation, implementation and delivery of the Group’s strategy in line with the ADCB’s vision, mission, values and priorities
• Translate the strategy into operational business plans for the short, medium and long term within the department(s) and ensure that performance is monitored, reported and delivered and necessary actions are taken to achieve the strategy and plans
• Review customer accounts and account opening documentation for irregularities and anomalies related to sanctions and handle transactions escalated from screening systems to ensure any sanctions risks are handled according to agreed policies, procedures and guidelines
• Keep abreast of sanction developments (domestic and international), communicate new developments and provide advice to key stakeholders through development of policies and procedures to ensure any sanctions risks are mitigated
• Provide sanctions-related training to ADCB staff to ensure awareness and promote compliance culture within the Bank
• Review and investigate all breaches, discrepancies and irregular activities, and recommend corrective actions to ensure compliance with the Bank’s Sanctions policies/procedures and mitigation of identified risks for the Bank
• Prepare periodic Management Information Systems (MIS) reports and reports for the UAE Central Bank (CBUAE) on Iran-related transactions to ensure compliance with regulatory requirements
• Manage external communication with CBUAE and/or correspondent Banks to ensure timely responses are provided
• Manage employees and teams by overseeing their performance management, recruitment, learning and development to ensure high levels of engagement, and competence, a motivated work environment and to maximise employee contribution to business performance
• Develop and oversee the creation and implementation of the required policies, procedures and controls covering all areas of the business area’s activity so that all relevant procedural/legislative requirements and standards are fulfilled while ensuring that ADCB delivers