Emirates Islamic Bank is hiring KYC Analyst

Department Description:

• The Compliance Department plays an important role in the organization in terms of assessing the Compliance risks associated with the bank and ensuring all local and international regulations are followed through by the Organization 

The IB Compliance unit exists as part of Emirates Islamic for the following reasons

1. Ensure Compliance with UAE Central Bank regulations
2. Ensure Compliance with external regulatory authorities
3. Ensure internal controls and systems do not pose any kind of reputational regulatory risks to the organization
4. Provide inhouse compliance advise that effectively supports businesses keeping in mind relevant regulations and internal procedures

The unit is expected to deliver the following results

1. Ensure UAE Central Bank and external regulatory regulations are followed by all bank staff within given timelines
2. Ensure Compliance related advise is provided to business
3. Ensure onboarding of customers is only done post enhanced due diligence being performed

Brief Description:

• Accurate responses sent to business in 24 hrs 
• Accurate MIS updation 
• Ensure accounts are thoroughly checked prior to giving approval
• All policies and procedures related to high risk are in order
• Ensure proper controls are maintained within high risk team for audit trail
• Ensure necessary regulatory changes are reflected in the policy and informed to business 
• Accounts received from businesses are of good quality with complete Information and complete documentation to meet Compliance Standards

Detailed Description:

The Compliance Analyst is responsible for the following activities

a Review of High Risk Individual accounts and MIS Updation

• Perform complete accurate and timely review of AoD KYC and all Legal and Constitutional documents as per the policy 
• Perform WorldChecK Watchlists NoCslnternet searches to identify any adverse information on the customer
• Ensure all PEP accounts are dealt with utmost care and all risks associated with the account are highlighted to business appropriately 
• Revert to business provide support in an appropriate manner explaining Compliance concerns if any on the relationships
• Ensure MIS is accurately updated at all times and is checked daily for correctness

b Follow Policies and Procedures Internal and External Regulations

• Ensure all policies and procedures and related regulations are followed through 
• Ensure policies are kept uptodate at all times 
• Provide the necessary support to business in embedding all related policies and procedures 
• Ensure no adverse audit comments are received for the unit on any of the high risk related matters

c Annual Reviews of PEP
Ensure annual reviews for PEP accounts are carried out in a timely manner and concerns are highlighted to business if any

d Implementation of Group Initiatives
Ensure all Group El initiatives impacting High Risk are implemented accurately and in a timely manner in El

e Trainings
Ensure all business units are trained on related high risk policies and procedures
Prepare training presentations covering all aspects

This job exists in order to make sure the above activities are carried in an efficient and timely manner and to provide any kind of support to business for advise related to High Risk Compliance

Job Requirements:

• Ensure all high risk accounts are thoroughly reviewed in a timely manner
• Worldcheck WitchlistsNoCs and Internet searches performed for any adverse information
• MIS updation accurately and in timely manner
• High risk related policies ancl procedures are followed though appropriately 
• Ensure numbers reported to senior management on accounts received are checked for accuracy
• Manage any queries received from businesses and the team
• Ensure no significant adverse comments or regulatory fines are imposed during internal and external inspections 
• Review and Create Policies and Procedure related to hig risk
• Demonstrate good governance audit trail of all high risk accounts received for review
• Maintain a strong eye on regulatory environment and changes in the country and the region related to high risk
• Ensure all businesses and high risk team is trained on all policies and procedures related to high risk

Additional Details:

• Bachelors degree in Business Administration or any related field
• ACAMS certified
• At least 23 years of experienceknowledge in Compliance field
• Excellent knowledge on KYC AML and Sanctions related policies and regulations
• Self confident and to show great willingness to learn
• English andor Arabic

Click on this link to apply.