Financial Crime Analyst

Position             

Financial Crime Analyst

Group

NBKI

Reports To

MLRO/Deputy MLRO

Direct Reports

0

Internal Relationships

External Relationships:

Grade: 

C - Senior Officer

Job Purpose

• To assist the Financial Crime Department in its role as the second line of defence on financial crime activities on various tasks in accordance with the NBKI Financial Crime Monitoring & Assurance Framework

Key Responsibilities & Accountabilities

1. Review and assess internal suspicious activity reports submitted from teams within NBKI and recommend follow on actions, as necessary, under the supervision of the MLRO 2
2. Maintain the Fraud investigation register and all corresponding investigation documents.
3. Draft disclosures in preparation for submission to relevant law enforcement agencies under the supervision of the MLRO
4. Maintain records of all internal SAR reports and disclosures made to relevant authorities.
5. Assist the MLRO with financial crime review audits
6. Assist the team with 2LOD assurance testing as required by the NBKI Financial Crime Monitoring & Assurance schedule.
7. Discount daily client database screening and payment matches raised on WorldCheck & Safewatch and escalate as required
8. WorldCheck batch screening and reporting.
9. Maintain departmental registers including daily and monthly monitoring, regulatory change tracker & any internal project trackers e.g. Oracle Mantas
10. Maintain records of remediation requirements resulting from the financial crime monitoring & assurance work and ensure action points are tracked with regards to delays/progress/completion 
11. Maintain RCSA register and log any new processes as required 
12. Maintain audit point recommendations arising from internal audits, third-party reviews and the MLRO report
13. Complete all other departmental administrative tasks
14. Assist with client investigations including additional screening and adverse media checks
15. Maintain SAR correspondence, investigation files & SAR register
16. Maintain Financial Crime Procedures and assist with the review anti-financial crime standards and frameworks against updated policies or upcoming and current regulations.
17. Complete the required SLOD checks on EDD and CDD for new and existing customers, Corporates and Financial Institutions.
18. Supporting the delivery of training to colleagues and embedding an effective risk culture across 1st and 2nd lines of defence.

Qualification & Experience

1. Qualifications: -   

University degree 

          Relevant professional qualifications                   

1. Experience: -      

Over three years plus in a financial crime related role. 

Competencies

Essential

• Displays professional and ethical behaviour at all times.
• Ability to adapt to working in a multi-cultural environment. 
• Highly efficient, team player, with good attention to detail, accuracy 
• High standard performer that enjoys working in a dynamic and small team
• Ability to work unsupervised, to tight deadlines and to withstand occasionally high-pressure demands.
• Accuracy and high level of numeracy and literacy 
• Displays significant intellectual flexibility/curiosity and has the ability to solve complex problems in innovative and imaginative ways.
• Views the application of technology to address Financial Crime risks as the preferred option and has the ability to use technology solutions as second nature.
• Driven to succeed, has presence and commands the respect of peers and colleagues.
• Fearless in driving high compliance standards and holding self and others accountable.

Skills

Essential

The job holder requires:

1. Good working knowledge of Windows suite and IT solutions generally
2. Ability to examine and evaluate regulatory rules & legislation.
3. Good awareness of market developments
4. High level of accuracy and attention to detail 
5. A self-starter and keen team player
6. Arabic speakers preferred.

Key Success Factors

Consistent high-quality output and performance.   Ability to contribute positively to the small, close team and establish good working relationships with relevant parties and colleagues.