Analyst - KYC & Onboarding - Personal Banking

JOB SUMMARY / INTRODUCTION

Perform duties as required in the relevant bank policies and KYC department SOPs covering KYC review process.

The candidate will perform independent reviews and approve KYC files at the time of client on-boarding, Trigger base & KYC periodic reviews.

The candidate will ensure that the KYC files are complete in terms of required KYC information / documentation in accordance with bank’s policies / procedures and local regulatory expectations of the UAE Central Bank, insuring AML / CTF / Sanctions risks associated with the clients are appropriately identified, assessed and mitigated before a decision is taken to on board or retain bank clients and the Group CDD standards are adhered and enforced.

Review/Assess/approve all cases where applicable.

KEY RESPONSIBILITIES

• Handle the day-to-day KYC maker activity of reviewing KYC files and performing all required checks and controls to ensure completeness and readiness of the file for final review and approval.
• Conduct end to end KYC Due Diligence, for New to bank onboarding, trigger events or periodic reviews.
• Verify account opening forms have been completed adequately and have been verified.
• Conduct & review name screening, due diligence and adverse media matches where applicable
• Review AML and Sanctions Questionnaires, if applicable
• Conduct & review the appropriateness and completion of the Customer Risk Assessment where applicable
• Ensure appropriate checks and controls within the team to ensure files are processed correctly
• Manage the book of work to ensure all High Risk Entity files are completed timely
• Escalation of Name screening hits to appropriate advisory teams within compliance and Fraud
• Ensure compliance with UAE Central Bank regulations and FAB bank policies/ procedures related to CDD, AML/CTF, PEP & Sanctions
• Ensure CDD information/documentation is complete in line with bank policies / procedures & local regulatory requirements
• Follow GCDD, departmental SOPs & relevant checklist & process notes
• Ensure adherence to all internal policies / procedures and external regulatory requirements at all times
• On need basis support AVP, VP KYC & onboarding to discuss process related issues/challenges and take necessary action where applicable
• Support the unit in appropriate need base trainings to Offshore team and business segments where appropriate
• Prioritization – maintain the discipline in partnership with the local business. Communicate consistency to internal and external stakeholders to ensure that the KYC cases are accepted through the approved channels and expectations are managed appropriately
• Follow defined RCSA and identify KRIs (wherever applicable)
• Perform independent analysis, review and approve cases where applicable

• Perform independent end to end review/analysis and approval for all GPB cases onboarding, TB and PR

  Relationship Management

• Develop and manage positive working relationships with all stakeholders across business lines and supporting functions
• Support line manager, and other teams within Risk & Controls through providing timely assistance and solutions, on need basis.
• Resolve conflicts and provide effective solutions to the stakeholders.

• Efficient coordination with key stakeholders to get the job done in timely manner.

  MI Reporting

• Ensure all departmental trackers are timely maintained.
• Preparation of KYC reviews/process related presentations and dashboards on ad-hoc basis.

• Interact with stakeholders and help the KYC teams achieve KPI’s.

  Generic

• Manage ADHOC & administrative activities as deemed appropriate and assigned by line managers.
• Develop and manage positive working relationships with all stakeholders across business lines and supporting functions including HO KYC, Business (RMs),
• Support line manager, and other teams within Risk & Controls through providing timely assistance and solutions, on need basis.
• Resolve conflicts and provide effective solutions to the stakeholders.

• Efficient coordination with key stakeholders to get the job done in timely manner.

  REQUIREMENTS / QUALIFICATIONS

• Minimum Qualification
• Bachelor’s degree or higher in Management, Banking, Finance, preferably with certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management
• Minimum Experience
• Minimum of 8-10 years of experience in a reputed Bank
• At least 5 years technical experience across various aspects of Regulatory and Financial Crime Compliance (e.g. local and international requirements, FATCA, CRS, GDPR, AML, KYC, etc.)
• Internal Audit experience and Compliance Assurance background would be considered an asset.
• Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and ability to assess.
• Preferred / Beneficial
• Internal Audit experience and Compliance Assurance background would be considered an asset.
• Skills
• Compliance
• KYC
• AML
• CFT
• Financial Crime
• Risk Management
• Regulatory ComplianceFATCA
• GDPR
• Customer Due Diligence (CDD)
• AML/CTF
• PEP
• Sanctions
• Name Screening
• Customer Risk Assessment
• Stakeholder Management
• MI Reporting
• Presentation Preparation
• Dashboard Preparation
• Risk & Controls
• Relationship Management
• Training & Knowledge Sharing
• RCSA
• KRI Identification