Manager, AML TM Quality Checks (Emiratised Role)

Role Overview

Manager, AML TM Quality Checks at First Abu Dhabi Bank, Abu Dhabi. This is an Emiratised role.

Company Overview

First Abu Dhabi Bank is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally.

Role Purpose

Establish and maintain a robust quality framework that reviews the quality of investigations undertaken by the AML Transaction Monitoring team, identifies risks and remediation plans, and ensures the Bank's compliance with AML/CTF standards, regulations, and Central Bank circulars.

Key Responsibilities

Quality Assurance & Reviews

• Build and maintain a robust quality framework that reviews the quality of investigation undertaken by AML TM team.
• Undertake thematic reviews in the unit as per various money laundering detection scenarios and identify risk.
• Undertake reviews on work undertaken by AML Monitoring team of Group Operations.
• Develop methods for team effectiveness, question and investigate the reliability and integrity of data, the validity of conclusions, and the appropriateness of assumptions made.

Risk Identification & Remediation

• Identify risk and build a remediation plan.
• Gather market intelligence to understand emerging typologies and undertake risk review and remediation plan.
• Assist business stakeholders to identify and analyse business risks.

Regulatory Compliance & Governance

• Review Central Bank UAE circulars to understand requirements for amending procedures and investigation approach to money laundering and terror financing risks.
• Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB.
• Ensure the Bank's Group AML Monitoring Compliance function.
• Ensure the Bank's compliance with standards and regulations.
• Meet obligations directed by the MLRO of Group Compliance or obligations mentioned in Central Bank circulars.

Stakeholder Management & Escalation

• Maintain and build effective relationships with related divisions so that effective escalation of issues is achieved and risk is managed.
• Report progress updates and raise new risks, issues or challenges as appropriate to Manager AML TM Quality Checks, AML AVP and AML VP on a daily basis via meetings, phone calls and emails.
• Report progress updates and raise new risks, issues or challenges as appropriate to Head of FLOD Compliance Operations as required via meetings, phone calls and emails.
• Report suspicious activity and raise new risks, issues or challenges as appropriate to MLRO Team as required via meetings, phone calls and emails.

Operational Excellence

• Provide operational expertise to internal working groups, teams and committees focused on enhancing current procedures and creating efficiencies.
• Maintain adequate record-keeping, management information and evidence pertaining to AML Quality Checks.

Qualifications & Experience

• Bachelor's Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
• At least 8 years of banking experience.
• Preferably 5 years in Compliance and/or Audit in Banks.
• Excellent understanding of regional laws and applicable international regulations.
• Excellent knowledge of AML/CTF applied on different business banking functions.

Skills & Competencies

• Strong interpersonal, people management and facilitation skills.
• Team player, able to meet tight deadlines and manage challenging workload.
• Focused on driving tasks to completion with pace whilst retaining a high level of attention to detail and accuracy.
• Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.
• Preferable bilingual: Fluent in English and Arabic with strong written and verbal skills.