Senior Specialist - KYC / Client Acceptance Advisory - (UAE Nationals Only)

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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:

• Be a part of the Client Acceptance Advisory team, ensuring accurate/high quality enhanced due diligence (EDD)/customer due diligence (CDD) reviews/assessments and de-risking strategies
• Conduct regular reviews/sampling of account opening/know your customer (KYC) documentation to ensure high quality reviews are being completed within agreed turnaround times (TAT)
• Oversee the completion of risk assessments on reviewed clients, the advice being provided and decisions being taken on new to bank account opening requests to ensure high quality, accuracy and compliance with regulatory requirements
• Provide monthly reports to UAE Central Bank on customer profiles in order to meet regulatory reporting requirements
• Oversee the exit strategies being determined by the team in relation to flagged customers/closed accounts, the reports being sent to UAE Central Bank and associated MIS to ensure effective closure of accounts and to mitigate anti money laundering (AML), KYC and sanctions risks in the organisation.