Assistant Manager, Business Risk & Governance

Job description / Role

Job Purpose:

The KYC and Ongoing Due Diligence Analyst will be responsible for ensuring compliance with internal policies related to KYC and customer due diligence, as well as, managing the risks and controls associated with the WBG departments processes. The KYC and Ongoing Due Diligence Analyst will also oversee the control testing and quality assurance functions to ensure the effectiveness and efficiency of the KYC and due diligence operations.

Principal Accountabilities:

Implement the KYC and Ongoing Due Diligence (ODD) processes for the Wholesale Banking Group (WBG) customers, including, the identification, verification, screening, and review of documents of the customers to ensure quality submissions of the NTB and ODD files.

Ensure compliance with the applicable internal policies related to KYC and Customer Due Diligence, as per the onboarding and ODD internal policies

Implement the quality assurance (QA) of the KYC and ODD for the WBG departments, and Provide Quality assurance review reports on the completeness, quality, and reliability of the documents related to Account opening and ODD

Perform QA review for NTB and ODD

Perform Review of RCSA

Perform RCSA Control Tests

Provide support to the KYC and ODD stakeholders, such as the Relationship Managers (RMs), and any other stakeholders from the Coverage Teams

Receive from the WBG RMs completed NTB and ODD submissions, review the completion of the documents and information in the forms, and perform an independent quality check and necessary due diligence to have a complete file for NTB account onboarding submission.

Provide the feedback and discrepancies to the WBG RMs, interact with them, and recommend the necessary actions, if required, to ensure completeness of the NTB and ODD files

Ensure the documents and information are complete as per the existing SOPs to have quality submissions of the NTB and ODD files for WBG Departments

Recommend the NTB and ODD files submission after complete quality check of the submission file

Perform system review post account opening and ODD, and make sure the account opening data is updated for the fields visible to Coverage in the Bank system

Perform Document repository review, and make sure the account opening documents and ODD documents are available and complete as per the approved file.

Ensure to liaise with the WBG RMs to rectify the gaps identified during the Bank system check or document repository review post account opening

Provide feedback and insights to the Line Manager to recommend any changes required or alignment in the SOPs with the compliance policy or with practice within the WBG coverage units

Ensure compliance to the NTB and ODD SOPs and guidance from the line manager and from Compliance

Update the Unit MIs required to monitor the progress and to keep the record of the accounts reviewed

Perform ad hoc projects assigned by the Line Manager

Bachelor's Degree in Economics / Finance / Accountancy / Business Management

At least 3-5 years of experience in KYC and due diligence, preferably in the wholesale banking sector

Strong knowledge of the KYC and due diligence requirements and industry standards

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.