Manager- KYC & Onboarding – Corporate


Job title: Manager- KYC & Onboarding – Corporate

Company: First Abu Dhabi Bank

Job description: Company Description

Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.

Job Description

  • The role is responsible for processing the transactions of on-boarding and remediation of all IBG, CBG & PCG customers in UAE.
  • Ensuring AML & legal risks and accurate detailing before inputting the same into the Bank’s relevant systems.
  • Processing of transactions relating to on-boarding and remediation of around 40k IBG, CBG & PCG customer accounts in the Bank’s systems.
  • Handling an average monthly volume of around 8,400 transactions.
  • He/She is responsible for complying with approval terms for FAB Head Office, representative offices and international branches in compliance with the approval conditions

KEY ACCOUNTABILITIES

  • Conducting KYC/ due diligence on all IBG, CBG & PCG clients (New & Existing clients)
  • Onboarding all IBG, CBG & PCG new to bank clients based on the regulatory requirements (UAE) along with the specific product requirements.
  • Conducting the general screening and checks on the customer which involves screening the background of the company, the shareholders, board member, screening the company for adverse media / fines/ enforcement/ Foreign & or Local Politically Exposed Persons ( FPEP/Local PEP) using the available online tools ( i.e. FSK screening and Sanction/adverse media Google screening.)
  • Liaising with Approver/Compliance and providing all the required documents/ information submitted by the client and highlighting key information about the company which may be instrumental in obtaining their approval depending on the risk rating classification.
  • Maintenance of all data in in Alpha system
  • Remediation of IBG, CBG & PCG client mandate Files.
  • Monitor and manage the group email for timely response to queries from internal stakeholders.
  • Ensure the adherence to Service Level Agreements (SLA).Authorization of on-boarding & maintenance of customers belonging to IBG, CBG & PCG, based on requests received in Alpha from the business in respect of UAE & international locations in line with the local regulations of the respective jurisdictions.
  • Stay abreast with latest developing concepts like new regulations by the UAE Central Bank or legal environment within UAE & international locations & other corporate credit practices.
  • To be fully equipped with the knowledge of products and the transaction processes in the bank.
  • Identify and proactively participate in the transformation process relating to the activities of the unit.
  • Identify and implement new service improvement opportunities.
  • Monitor and actively participate in UATs and projects as and when required and provide timely response.
  • Actively arrange for meetings within IBG, CBG & PCG RMs and with other internal stakeholders in order to provide efficient service delivery.
  • Act as a back-up for the On-boarding team.
  • Monitoring and controlling compliance, legal & operational risks for FAB customers.
  • Contribution to business growth by supporting Internal Stakeholders.
  • Adherence to TATs and SLAs.

Qualifications

Knowledge & Experience:

  • Bachelor’s Degree in Commerce / Finance. 3-5 years’ experience in Corporate Banking with at least 3 years’ experience in the Account Services.

Skills:

  • Knowledge and use of banking software systems, basic PC skills and common MS applications like Excel and Word.
  • Good knowledge of English language (both written and spoken).
  • Good knowledge of Bank’s financial system.
  • Very good knowledge of Banking Products / Corporate Credit Administration functions.
  • Good knowledge of U.A.E. legal environment & Central Bank regulations.
  • Team worker, ability to work under pressure, fast learner and attention to details.

Expected salary:

Location: Abu Dhabi

Job date: Wed, 02 Feb 2022 23:30:29 GMT

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