Job Description
Role : KYC Specialist
Location : Abu Dhabi
Role Purpose:
Performing due diligence for High risk onboarding, Name screening & completion of KYC refresh for Ongoing Due Diligence as per ADIB Onboarding and On-going Due Diligence Procedure.
Key Accountabilities of the role
- Assesses the completeness and quality of initial "Know Your Customer (KYC) documentation for existing Business Banking Customers to ensure required as part of CDD / EDD efforts and documentation are in accordance with applicable Ongoing Due Diligence Procedures.
- Ensure adherence to mitigating Compliance risk / Central Bank regulatory requirement while performing reviews of cases raised to GCD for ODD.
- Ensuring raising appropriate Request for Information (RFI’s) where the information /documentation wherever applicable as per KYC Onboarding and ODD Procedure.
- Analyze KYC data, documentation, and negative news to determine Client Risk Profile as established under the ADIB KYC Ongoing Due Diligence procedures and provides guidance / input to the Business on all KYC issues including KYC refresh.
- Identifying red flags linked to Financial Crime while performing Ongoing Due Diligence through analysis of information /transaction etc.
- Conduct name screening of the customers and the related parties identified in customer’s profiles including (but not limited to) shareholders, Directors, Authorized signers, Nominee. Suppliers /Customers (Related Parties)
- Ensuring KYC refresh through workflow is duly completed during the ODD process.
- Ensuring that all SLAs defined with the Business on timeliness and quality are adhered.
- Demonstrate the ability to adapt timely and adequately to the new policies, procedures, and system knowledge.
- Involve in any system related update activities or new processes, if required.
- Involve in any ad-hoc activities or responsibilities given by the management to support the unit
Specialist Skills / Technical Knowledge Required for this role:
- Good knowledge and experience of KYC procedure and systems,
- Bachelor’s degree in business studies, law, accounting, economics or commerce, or specific training in risk management.
- Exemplary knowledge and experience for Business Banking (SME sector) for KYC policies, processes.
- Strong knowledge and experience of having provided KYC advice to all types of business and operations covering all types of customers.
- Strong knowledge of bank KYC on-boarding and KYC refresh procedures
- Good analytical/review/ assessment skills of bank Compliance procedures and IT systems
- Ability to balance between compliance requirement business needs.
- Strong analytical, written and oral communication skills
- Relationship building
- Sound judgment
- Strong interpersonal skills
- Ability to multi-task
- Independence of thought and initiative
- Ability to be a self-starter and work independently as well as part of a team
- Ability to prioritize workload and meet deadlines
- Good understanding of banking processes and products
- Analytical mind, good communication and self-motivated, detail oriented
- Fluent in English (Ability to read and communicate in Arabic Language will be an added advantage)
- Proficient in MS Office Word Excel and PowerPoint
Previous experience required (if any)
Minimum 2 year of FCC - KYC dedicated experience
