CBD Bank Careers – Senior Manager

Job Description:

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

Job Responsibilities:

• Day-to-day management of the Bank’s transaction monitoring system to ensure effectiveness, track AML alerts, queues or backlogs and provide the Bank’s senior management with an update on the operations and effectiveness of the AML/CFT and Sanctions function.
• Manage the received responses or mandated actions from the UAE Central Bank’s Financial Intelligence Unit (FIU) on the STRs submitted and support the Head of Compliance with regulatory correspondence.
• Conduct periodic assessments of the Bank’s transaction monitoring system to ensure its optimization (i.e. fit-for-purpose), including threshold reviews, segmentation analysis as well as scenario performance analysis.
• Manage the list of scenarios from which the system will trigger alerts to ensure that the rationale behind each rule and the governance in place around the modification of parameters is well documented and mapped against the identified inherent risks.
• Oversee the investigations of the more complex investigations which may originate from Senior Management, the UAE Central Bank, the Police, Whistleblowing or from data analytics.

Job Requirements:

• Management skills: ability to lead a team and manage performance.
• Good understanding and awareness of financial crime regulatory requirements and international best practice.
• Analytical and attention to detail.
• Problem identification and solving skills.
• Good written and oral communication.

Qualification & Experience:

• Experience in analyzing and interpreting relevant regulations and regulatory requirements.
• Bachelor’s Degree as a minimum from a recognized university.
• At least 6 years of experience in the banking/financial services sector (and three in an AML/CFT Compliance role).

Job Details:

Company: Commercial Bank of Dubai

Vacancy Type:  Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

Apply Here

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