Specialist, CDD Analyst

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Job Purpose:

In accordance with the USA banking and international Anti-Money Laundering Requirements, banks such as FAB are obliged to perform Know-Your-Client ('KYC') reviews on all new clients they adopt and periodic reviews of these clients.

The Customer Due Diligence (CDD) Analyst is responsible for coordinating with the US FAB Business team, FAB US Compliance team, client points of contact, etc. to complete KYC on all FAB relationships.

This can be either a new onboarding, even triggered or periodic reviews. It will ensure the documentary evidence meets internal guidelines and regulatory expectations. Additionally, adherence to Group KYC standards need to be enforced.

Key Accountabilities:

• Conduct KYC, CDD and Enhanced due diligence on institutional, financial institutions and corporate and commercial clients.
• Conduct AML transactional review of client activity.
• Work closely with front office staff to obtain required KYC information and documents. This includes but is not limited to gathering information from customer including financial statements, legal documentation, organizations documents, identification information, etc.
• Thoroughly review and verify the ownership breakdown and control structure of legal entities.
• Detect any red flags to prevent money laundering, terrorist financing, and other financial crimes, or any potential reputational risks through the due diligence process.
• Conduct name screening for customers and related parties.
• Ensure that all customer KYC and credit related documents are up to date and maintained in an organized fashion.
• Maintain and manage CDD file review trackers and customer lists accurate and up to date.
• Track all outstanding Audit and Compliance review issues.
• Work closely with Compliance team to address gaps in customer files.
• Assist in preparing management responses to Compliance Monitoring Reviews as well as Audit reports.
• Provide relationship manager support as necessary.
• Provide support for annual regulatory visits.

Minimum Qualification

• Bachelor’s Degree or higher in Business Administration, Banking or Finance.
• Strong analytical, interpersonal, and communication skills.
• Proactive, with the ability to generate ideas, think creatively and develop innovative solutions.
• Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.
• Preferably with certification in compliance, KYC/AML/CFT, financial crime or risk management (CKYC, CAMS, etc.)

Minimum Experience

• Minimum of 3 years of experience in a reputable international bank.
• Minimum of 3 years of experience within an On-boarding, KYC, or Compliance function.
• Relevant experience (AML/KYC/compliance related) with understanding of financial institutions KYC requirements.
• Familiarity with AML/KYC regulations and industry guidelines, along with client structure and hierarchies, knowledge of Funds, Brokers, Loan Agencies & Correspondent Banks.
• Experienced with operating in a global regulatory environment.
• Strong Microsoft application knowledge.
• Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and ability to assess.