Compliance Manager (UAE National)
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Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified, and we can adequately protect our customers from the threat of financial crime.
We are currently seeking an ambitious individual to join our Financial Crime Compliance team, working together with colleagues to define, manage and achieve divisional business targets.
Role Overview: The Job holder supports Senior Management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policy, Anti Money Laundering (AML), Counter Terrorist Financing (CTF) in compliance with the UAE Central Bank and SCA regulations and Group’s Global Policies and Principles and international standards. • Support Compliance and Business Management in meeting HSBC’s regulatory and Group requirements on Anti Money Laundering and Sanctions risk.• Support the implementation of KYC policies and Customer Due Diligence requirements in the UAE.• Providing Compliance support and direction on the onboarding of high-risk customers.• Providing guidance and direction to RMs/Front line, BMLCMs etc. on the application and implementation of AML Compliance policies and procedures applicable to customers. • Assisting Senior Manager, UAE Compliance and the MLRO in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to AML/sanctions. • Where required prepare and or provide input on regulatory filings and correspond with regulatory agencies as agreed with the Senior Manager and MLRO.• Provide overview of any thematic gaps identified as part of the QA reviews to senior management and where require in local governance. • Proactively assist Senior Manager, UAE Compliance and Senior Business management to ensure that the IWPB including GBP (private banking) business areas operate in a compliant manner. • Provide guidance to business areas on AML and sanctions risk and exposure related to customer account opening and transactional activity in more complex situations.• Provide guidance to the UAE project teams and compliance representation on any AML related systems project for the country.• Provide guidance and training on implementation of AML and Sanctions compliance within countries and businesses. • Provide AML and Sanctions compliance representation at IWPB/GBP related projects when required.• Provide advice on compliance & AML/CTF/Sanctions issues that arise through the country compliance functions.• Support regional Head of AML Compliance on country compliance reviews.• Raise exceptions through HELIOS reporting system and make decisions on reporting to senior management. Ensure a review all cases on a monthly basis and provide updates where necessary or close cases where action completed. • Support efforts to proactively drive the KYC improvements to support AML compliance.• Immediately escalate to UAE MLRO, Regional Head of AML or RCO as applicable any material breaches or potential breaches of Laws, Rules and Regulations