The purpose of this role is to support the Private Banking department in the completion of initial and ongoing Customer Due Diligence responsibilities for ensuring compliance with the Bank’s Policies and Procedures to defined standards of timeliness and quality.
Financial Crime Quality Assurance
- As part of the Private Banking team, act as the first line of defence for the Bank.
- Maintain knowledge to ensure adherence with all applicable regulatory, KYC requirements, Compliance policies and procedures to avoid exposing the Bank to undue risk.
- Responsible for the accurate execution of Financial Crime Prevention controls in accordance with the Bank's policies and procedures as applicable to the role.
- Review and provide quality checking of all KYC reviews, account opening and on-boarding procedures, client screening activities in relation to PB, ensuring these are of good quality, in line with the Bank's standards and are completed in line with due dates without delay.
- Conduct quality reviews of new prospects and existing clients, assessing the risk profile and KYC documentation, resolving any issues found by liaising with the Front Office, Line Management and Senior Management where necessary.
- To assist the business as and when required on KYC/AML related queries, by providing advice and guidance, outlining options and recommending solutions as appropriate.
- Ensure adherence to the Bank’s AML, Financial Crime and Anti-Terrorism policies and procedures.
Risk and Regulatory Duties
- Maintain knowledge of all applicable regulatory, KYC requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these to avoid exposing the Bank to undue risk.
- Report policy, procedure and/or regulatory breaches or suspicions to the Risk and/or Compliance departments in line with the Bank’s policies.
- Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
- Identify new risks/control gaps and escalate accordingly to your Line Manager and/or Head of Department.
- Ensure customer complaints are managed in line with the Bank's procedures.
Requirements
- 2-3 years of experience in Quality Assurance/ Financial Crime Prevention within 2LOD within Banking.
- Must speak Arabic
