Team Leader - Due Diligence

Purpose and Summary :

As part of the AML-CFT Department, being responsible to conduct range of activities related to AML-CFT which includes assessing risks associated with customers and correspondent Banks from ML-TF perspective. Further, review sanction transactions and conduct necessary EDD on the generated alerts for any potential money laundering or terrorism financing related risks.

Key Deliverables :

• Promptly review and clear the sanctions alerts.
• Coordinate with branches and business units on transactions held is sanction system for enhanced due diligence including obtaining information or documents relating to a customer or a particular transaction required as part of the transaction review process.
• Investigate identified suspicious/irregular transactions/activities from sanction system and escalate it to Due Diligence & Investigation section to prepare suspicious transaction report if required.
• Assist the Due Diligence & Investigations Manager in carrying out additional assignments and tasks.
• Provide guidance to branches and business units on matter related to sanctions.
• Review KYC reports and coordinate with business units and branches for updating the inaccurate and missing information.
• Conduct KYC review (AML questionnaires) on Banks and Exchange companies & respond on correspondent Banks questionnaires.
• Assist in reviewing policies and procedures.
• Create swift inquiries and respond to received inquiries from correspondent banks.
• Prepare periodical reports as required by the internal policies.
• Review the effectiveness of the screening systems and procedures.
• Ensure that the sanction lists & internal lists are updated daily.
• Conduct AML assessments/reviews on customers, products, channels, geography.

Qualifications :

• Degree in Banking/Finance/Auditing or equivalent.
• Preferred Professional certifications -ICA or ACAMS

Skills/Knowledge :

• Effective communication skills
• (verbal and written)
• Teamwork skills.
• Investigation skills.
• Reporting skills.
• Ability to maintain objectivity and policy-based judgement
• Good Command in Arabic and English languages.