Senior Manager - Anti-Commercial Concealment

Job Description

The role is responsible to lead and manage the organization’s Anti-Concealment unit, ensuring full compliance with applicable laws and regulations related to anti-concealment and anti-money laundering (AML). The role is responsible for developing, implementing, and monitoring frameworks, policies, and controls designed to detect, prevent, and report concealment of illicit funds or transactions within the organization.

Responsibilities

• Supervise the anti-commercial concealment unit and manage related projects / assignments / system implementations and enhancements.
• Implement anti-commercial concealment practices and enhance AML policy and procedure;
• Mitigate, minimize, or eliminate exposure to anti-commercial concealment risk to protect the Bank’s reputation.
• Design and implement internal policies, procedures, and controls to ensure that these are in alignment with applicable laws and regulations and any applicable guidelines; performs detailed investigations and write detailed reports on anti-commercial concealment investigations; responds to requests for information from regulatory bodies and law enforcement agencies.
• Participate in monitoring unusual or suspicious financial activity and assist in the protection of the Bank from concealment activities.
• Handle an ongoing revision of the Department’s policies and procedures to ensure compliance with regulatory requirements as well as best practice.
• Establish contacts within and liaise with law enforcement agencies and regulatory bodies during investigations.
• Participate in implementing an ongoing AML training program for anti-commercial concealment for bank’s employees.
• Communicate with other departments to ensure covering and implementing any requirement related to anti-commercial concealment unit.
• Manage anti-commercial concealment related alerts generated by transaction monitoring systems.
• Manage and provide necessary reporting for anti-commercial concealment activities.
• Ensure that all anti-commercial concealment risks are appropriately identified through risk assessments performed across Business units and the Compliance function.
• Manage transaction monitoring Users for anti-commercial concealment unit.
• Ensure that the appropriate staff, skills, and resources are in place to deliver the short and long terms goals set for the AML team. Provide coaching, direction, and motivation to the staff.
• Manage anti-commercial concealment team and sure they have necessary training, coaching, and directions.
• Participate in SAMA committees for ACC topic and workshops.
• Represent D360 bank in SAMA and other government bodies for anti-commercial concealment.
• Enforce, incorporate, and comply with all necessary controls and related information security (EIS) policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations
  
  

Qualifications

Preferred Qualifications

• Have a tertiary level qualification from a recognized institution
  
  

Years & Nature of Experience

• Recommended to have 5 to 7 years of equivalent experience where required competencies and experience has been demonstrated of solid and relevant in Banking and Control functions.
• Demonstrated expertise and experience with complex technical activities
• Has worked with more senior staff and dealt with complex issues, larger clients, accounts, projects, or internal relationships.
• Has an analytical and investigative aptitude and a proven ability to successfully communicate issues to both internal and external audiences.
• He/she will have a thorough knowledge of anti-concealment requirements.
• High analytical skills and attention to details.
• Solution driven, confident, highly motivated and organized
  
  

Technical Competencies

• Data Collection and Analysis
• Monitoring and Surveillance
• Regulatory Compliance
• Research and Information Synthesis
• Risk and Compliance Reporting
  
  

Behavioral Competencies

• Communication
• Digital Literacy
• Collaboration
• Interpersonal Skills
• Problem Solving
  
  

About The Team

Joining the D360 Bank Compliance team opens the door to an extraordinary opportunity. You become an integral member of a vibrant and forward-thinking group, committed to upholding the highest levels of integrity and compliance. We champion ethical behavior and adhere unwaveringly to the rules, regulations, and protocols that govern D360's business operations. At the core of our compliance department, you'll find a remarkable ensemble of dedicated professionals tirelessly working to ensure our bank's unwavering compliance.