Senior Manager AML Systems

Job description / Role

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.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose

The role holder will be responsible for the daily management of the AML systems, including the review of scenarios, thresholds, and data inputs. They will focus on continuous improvements and optimizations of the system and oversee the execution of all related projects. Additionally, they will support the Senior Manager, Compliance Systems, by fine-tuning and documenting the AML system to ensure alignment with the Bank's risk appetite and the business requirements of the relevant area.

Principle Accountabilities
• Manage the AML system day to day verifying it is functioning correctly, data is flowing in correctly and identifying gaps, challenges and areas of improvement
• Regular meetings with the FCC AML Team to identify challenges, areas of improvement and optimizations that can be made to the system as well as changes and updates to the rules
• Continually review and optimize detection scenarios within the system to improve their effectiveness and efficiency and ensure they have appropriate controls around them to ensure they do not expose the Bank to any undue risk
• Contribute to the 'AML system configuration, tuning and risk appetite' documentation to ensure that the scenarios and thresholds are in alignment to the Banks defined Risk Appetite.
• Create reports and documentation around the scenarios and ensure they correctly reflect the technical rules that have been implemented
• Walk through and present the recommended rules to CCO, Head of Compliance Transformation and AML Manager to get their buy in and approval so they can be moved to Production
• Organize and oversee annual 3rd party review of detection scenarios and implementation of recommendations
• Ensure the optimization of rules to support maximum system performance
• Interact with Senior Manager Financial Crime systems, Head of Compliance Transformation, Head of FCC, AML Manager and the Chief Compliance Officer. They will from time to time also be required to interact with IT for the implementation and execution of projects and changes to the system.
• Take feedback, review the system, analyze alerts, manage investigations, and take the necessary action, i.e. documenting and tuning the AML system.

Experience and Qualifications

• At least 5+ years of experience in the banking/financial services sector.
• At least 3+ years of experience working in AML systems (i.e. not alert review)
•Must have a background in Financial Crime
• Must have a background in AML systems and tuning
• Must have a high level of analytical and technical IT skills
• Well versed with banking systems, concepts and AML best practices

Skills

• Good written and oral communication.
• Analytical and attention to detail.
• Problem identification and solving skills.
• Report writing skills
• Analytical skills

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.