Business Banking Advisory Lead - Dubai, United Arab Emirates - Emirates NBD

Emirates NBD

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Description

**Compliance Oversight & Governance Advisory;

Support oversight of Compliance for Business Banking segment in Emirates Islamic
Ensure that complete, accurate, practical and timely advice, interpretation and guidance is provided to EI Business Banking Team and other internal stakeholders in relation to relevant regulatory rules, regulations and standards
Ensure new and existing Business Compliance policies and procedures meet consistency and a standard of excellence across EI Business Banking Team in relation to the customer lifecycle
Provide AML advisory services to the business and support functions and on client product and services and transactions.
Stay abreast of related laws, rules, regulations and best practices pertaining to AML.
Conduct reviews on AML matters escalated from the business teams covering Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Know Your Customer (KYC), source of funds, client information, Politically Exposed Persons(PEPs) Client profiling, risk rating and suitability.
Monitoring timely execution of the client periodic review (High Risk Annual Review (HRAR)) activity and liaise with various units for completion within the TAT to meet the regulatory obligation set by the Group.
Review and provide coherent responses on all Correspondent Bank related queries and support in conclusion of transactions monitoring cases as well as live payment (i.e. reviewed under S & R) in a timely manner to ensure no breach in agreed TAT
Evaluate the effectiveness of existing Business Compliance policies and procedures and initiate enhancements as identified.
Develop written Business Compliance policies and procedures, updates and ensure effective training and communication to the Business unit and relevant functional units.
Act as the point of contact and compliance partner with all relevant business and function units to provide business compliance advisory, covering regulations and policies
Attend to periodic calls with the functional heads & Governance & Compliance Teams on various issues related to financial crime, Regulatory, Audit, Assurance and other updates that are under coverage.
Coordinate with Regulatory Compliance and FCC functions to provide recommendations on compliance risks
Prepare AML advice for internal and external group stakeholders on customers, products and services and transactions
Proactively engage and provide inputs and track the ongoing progress to support the initiatives for the business unit in all technology/digital enhancement projects that leads to effectiveness and improve support both RM and Client experience for functions related to trigger based and periodic based reviews concerning SME Clients.
Connect requestors to Compliance & Governance colleagues to obtain approvals (whenever required), track and maintain records of decisions for the Business Unit.
Notify the senior management and Governance forums on all incidents of noncompliance with regulation and legislation, in a timely manner.
Any other special task/project assignment assigned by the Senior Manager Advisory/HOBB

**Policies, Systems, Process & Procedures;

Follow all relevant policies, processes and standard operating procedures and instructions so that the work is carried out in a controlled and consistent manner.
Perform Thematic reviews on AML high risk accounts and transactions based on typologies, trends and developments in liaison with the relevant internal stakeholders
Support the Business Unit to adhere to Group Compliance policies, procedures and processes.
Establishing and implementing global standards & strategic policies in the Region to ensure exposure to current risks and emerging arising risk is managed appropriately in a commercially focused and practical manner.
Working closing with relevant internal stakeholders such as Compliance & Governance Unit to manage Risk and Compliance matters.
Develop guidance notes and protocols on specific AML matters
Support the Business Unit on high value propositions with risk mitigations and case to case basis waivers
Provide support in breach handling and breach reporting
Coordinate with Compliance & Governance functions for updated rules and regulations and disseminate to the frontline teams accordingly.
Understand the endtoend processes of the areas that are under coverage and highlight possible compliance related concerns and assist the teams to mitigate these concerns.
Coordinate with FCC and Governance functions to provide recommendations on compliance risks as and when needed; otherwise advise FCC and Governance functions on decisions being made.
BCP (Business Continuity Plan)
To conduct a yearly review on the current Business operating model and make the required changes and manage the Business Team to effectively implement the Business Continuity Plan during any emergency or disaster situations.
ORCA (Operational Risk & Control Assessment)
Assist in the rollout,