Assistant Manager, Customer Due Diligence

Responsibilities:

• Manage and perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for Financial Institutions (FIs) and Virtual Asset Service Providers (VASPs), including Nostro, Vostro, RMA, and NBFIs.
• Conduct reviews aligned with OFAC, UN, EU, UKHMT, and UAE regulations; escalate potential sanctions, proliferation, or terrorist financing risks.
• Perform risk assessments and transaction activity reviews during onboarding and periodic KYC refreshes for FI and VASP customers.
• Liaise with AML monitoring teams to ensure FI and VASP segments are adequately covered in scenario-based monitoring.
• Prepare EDD reports and risk summaries for senior management and committees.
• Collaborate with Relationship Managers, Legal, Sanctions and AML Teams and Operations for holistic risk-based decisions.
• Contribute to the enhancement of internal policies and ensure alignment with CBUAE, ESCA, DFSA, ADGM FSRA, and VARA regulations.
• Provide guidance and training to junior staff and business teams on KYC/EDD, sanctions, and AML controls.
• Contribute to the development and continuous enhancement of policies, procedures, and standards governing FI and VASP KYC/EDD.
• Support implementation of local regulatory requirements (CBUAE, ESCA, DFSA, ADGM FSRA, VARA) and alignment with international best practices.
• Provide training and guidance to junior staff and business teams on KYC/EDD, sanctions, and AML controls for FI and VASP relationships.
• Assist in responding to regulatory inspections, internal audits, and external assurance reviews relating to FI and VASP due diligence.
• Review and support investigations into unusual or suspicious activity for FI and VASP relationships.
• Identify potential sanctions, proliferation financing, and terrorist financing risks, escalating cases where required.
• Assist in periodic risk assessments for FI and VASP segments, ensuring effective risk rating methodology is applied.