Compliance Officer, Finance & Banking

Job Description

The job holder supports the implementation of controls, compliance checks and compliance processes. They execute tasks according to procedures to ensure regulatory compliance across the organization, escalating any issues to relevant parties where needed. The job holder assists with keeping compliance processes updated and conducting research and preparation of necessary materials for standard compliance reporting. They also support the conduct of training and implementation of new or changing regulations.

The job holder is comfortable executing tasks independently, implementing guidelines in accordance with requirements and processes, and can cope in fast‑paced environments, being organized and responsible.

• Review all high‑risk accounts assigned for potential money laundering risks or concerns and provide accurate feedback/approval to the concerned branch or business unit within the agreed TAT.
• Review new account opening applications for PEP in line with Group PEP Policy and UAE Central Bank Guidelines and maintain a PEP register.
• Liaise with relevant business units and stakeholders to complete the annual review of PEP relationships.
• Review and provide feedback to all RMA and Correspondent Banks account opening requests received from the IIB unit within the agreed TAT.
• Review/assess and provide feedback on World Check referrals received from business units regarding customer information.
• Collate information from AML team members and provide accurate MI to the AML Manager or Head of Compliance as required.
• Ensure all requests from Line Manager or Head of Compliance are met within prescribed deadlines.
• Review existing relationships from AML and sanctions perspectives and provide feedback.

• Understanding of internal policies and procedures.
• Understanding of AML regulations.
• Knowledge of UAE Central Bank regulations related to AML and Compliance.
• Understanding of account opening documents and company formation documents.
• Knowledge of the organization’s products and services, including their legitimate uses and laundering vulnerabilities.
• Analytical skills to recognize potential suspicious activity.
• Research skills to obtain quality information from diverse sources.
• Ability to communicate clearly and effectively both verbally and in writing.
• Confidence to make and justify decisions taken by the AML Unit and Group Compliance.
• Prior experience of 2 years in an AML/Compliance role or a risk function in a bank or other financial services or regulatory body.
• ACAMS certification.
• Professional certifications in AML, Compliance or Risk.

Emirates NBD (ENBD) is the leading banking group in the MENAT region, providing a range of banking services across corporate, retail, Islamic, investment, and private banking sectors.