Head of Group AML Compliance

The incumbent is responsible for managing the Group’s AML Programme covering AML, CTF and parts of Proliferation Finance in line with the above responsibilities for all Group entities. Primarily, this includes setting policy to guide the business in complying with all relevant local and related international regulatory Programmes. The role-holder is expected to design, articulate, and lead the build-out of a robust AML Programme covering all the key elements including policy, setting risk appetite, design and run controls, build and own models and framework, training and awareness, KPI/KRI/MI and governance frameworks, advisory, directions to design monitoring and assurance Programmes and manage regulatory relationships.

Key Responsibilities:

• Promoting and embedding a strong AML & CTF Compliance culture through the creation and roll-out of policies, procedures, monitoring training and the required systems
• Leading and managing the FCRA, Policy, AML Advisory and related teams, as well as advising and guiding Compliance staff on Financial Crime related matters
• oversee specialist Business FC Advisory Teams – Retail Banking, Private Banking, Business Banking and Corporate / FI in day-to-day provision of AMLCFT advice
• Work closely with Group Head of Sanctions to build strong collaborations between AML and Sanctions, support Compliance assessments of the Group’s products and services, design and build controls following a joint, cohesive approach
• Work closely with Compliance Operations, Group Compliance Systems teams in designing and developing standards, frameworks and parameters for efficient generation of alerts / cases and analysis / investigation capabilities fully adhering to CBUAE requirements and international best practices
• Oversee specialist Business FC Advisory Teams – Retail Banking, Private Banking, Business Banking and Corporate / FI in day-to-day provision of AMLCFT advice
• Deliver FC Transformation Programme
• Re-imagining the FC control framework to be fit for purpose in a highly digital, AI-enabled eco-system
• Support the Group Head of FCC in liaising with relevant regulators and correspondent banks on AMLCFT related matters, including prompt response to all Financial Crime related regulatory requests and reporting relevant issues to the authorities and correspondent banks
• Work closely with MLROs and Compliance teams from all the Branches and subsidiaries through the Group International and Subsidiaries Compliance team.

The incumbent, as a senior member of the Group FCC Unit, is responsible for assisting the Group FCC Head and the Group’s senior management so that the Bank meets its legal and regulatory obligations and mitigates financial crime risks and breaches, including fines, regulatory sanctions and reputational damage.

Skills and Experience

• Degree / Post Graduate degree in Business, Finance, Economics
• ICA, CAMS certifications
• Executive Education / Programmes
• 10-15 years in AMLCFT / Financial Crime Compliance with large, leading Banks or Financial Institutions
• At least 5 years leading AMLCFT functions or teams
• Demonstrated ownership of AMLCFT frameworks including Policy setting, procedures / guidance writing, advisory, EWRA, designing enterprise-wide controls and oversight / governance
• Broad experience with international banks or exposure to international regulatory regimes
• Hands-on experience managing large, complex remediations, regulatory examinations, audits
• Hands on knowledge of AMLCFT systems including Transaction Monitoring – its operations, scenarios, typology assessment, threshold setting, model risk management etc.
• 3rd line of Defense (Audit) or Assurance roles covering AMLCFT

There’s never been a better time to join Emirates NBD.

We’re one of the region’s most recognizable brands. We’re banking innovation leaders. We’re growing across both the UAE and our global offices. We offer a huge range of professional development opportunities to accelerate your career. It also goes without saying that we provide extremely competitive rewards, benefits and perks too, like our flexible work policy so you can work from home whenever it suits. At ENBD, we encourage interested candidates to review the key responsibilities and qualifications for each role and apply for positions that match their skills and capabilities.