Team Leader - Compliance Operations EDD Apply Now
Jobnumber
MGS02025
Closing date
25-Jul-2024
Job Purpose
Review all USD trade payments for the required documents and screen all the listed names/entities and counties against sanction hits in accordance with compliance with the agreed turnaround time and operating procedures.
Key Result Areas
- Review and approve trade payments with 100 % accuracy within the established delivery standards with the agreed operating procedures.
- Contact DBC (Direct Banking Contact) or Relationship Manager seeking clarification on documents or seek for additional documents whenever required.
- Contact the compliance team if there is any sanction hit against any individual/entity or country for approval to process the payment.
- Ensure all payments are processed before EOD which have landed before daily cut off.
- Seek updates from compliance team with regards to the sanction screening.
- Identify process gaps and recommend system improvements and enhance efficiency to minimize risk and improve delivery standers.
Key Result Areas (Continued)
Operating Environment, Framework and Boundaries, working Relationships
- Strict compliance with bank's policy and procedures.
- Centralized processing of back office trade compliance transactions for all UAE branches.
- Close co-ordination with RBG and CIBG clients (RM) for timely decisions.
- Processing of all the transactions as per respective turnaround times.
Key Result Areas (Continued)
Problem Solving and Decision Making Authority & Responsibility
- Recommend improvements to operating procedures and applications.
- Recommend both class room and online compliance training.
- Stay up-to-date with all compliance changes and recommendations.
- Resolve all queries / deficiencies pertaining to the relevant processes, documents, customer requests based on the process guidelines
- Ensure authorization of all types of trade/trade advance/service payments after reviewing the authenticated documents.
Knowledge, Skills and Experience
- Good Communication skills. (Both verbal and written)
- Strong interpersonal skills.
- 4-6 years experience in compliance unit of any bank.
- Basic computer operating skills. (MS Excel and PowerPoint)
- Good knowledge of general banking rules and regulations.
