Mashreq Bank
Vice President – AML Investigations & RRU
🇦🇪 UAE, UAE🏢 On-site
AMLAnti-Money LaunderingCTFSTRComplianceFinancial IntelligenceRisk ManagementFinTech
At a Glance
- Category
- 🏦 Finance & Banking
- Level
- C-Level
- Type
- Full-time
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60 seconds. $5.88 one-time.
- Oversee and manage AML Investigations and Analysis programme, leading a team of on-shore Investigators and (indirectly) team of Analysts in CoEs, covering in-scope products in RBG, CIBG and where applicable, FI
- Take decisions on cases that warrant filing STRs to the Financial Intelligence Unit of the United Arab Emirates in the capacity of Deputy Money Laundering Reporting Officer (MLRO) / MLRO delegate
- Oversee and manage the operations of Regulatory Response Unit
- Maintain ongoing awareness / knowledge of all applicable internal / external AML & CTF requirements and existing/emerging legal / statutory environment, proactively identifying issues that could impact the risk profile / reputation of the Bank
- Provide AML advice and guidance in relation to AML Investigations to the Embedded Compliance functions, Business, Technology, Digital / Analytics and Operations
- Promptly escalate emerging, critical issues to ensure risk reduction and reputation risk management of the Bank in relation to AML matters
- Support development of appropriate risk management frameworks for emerging businesses and partnerships including FinTechs, Payment Service Providers, Digital Asset / VASPs
- Develop and run the AML Intelligence Exchange capability
- Support strategy setting and spear-head delivery of critical technology and advanced analytics projects to improve risk coverage, reduce inefficiencies in processes and contribute to improving Customer Experience insofar as AML processes are concerned
- Support development of a sustainable and future-ready Product Roadmap for all systems and technology supporting Compliance AML
- Support continual optimization of TM models
- Develop projects to continually optimize and improve efficiency of AML risk management capabilities
- Develop and deliver ongoing efficiency improvement plans including cost and resource optimization without compromising capability / risk coverage
- Manage regulatory review, internal audits and assurance reviews effectively
- Promptly respond to regulatory and law enforcement queries
Requirements
- •Experience in AML Investigations and Analysis
- •Knowledge of UAE Financial Intelligence Unit (FIU) reporting
- •Understanding of AML/CTF internal and external requirements
- •Experience with FinTech, Payment Service Providers, and Digital Assets/VASPs
- •Ability to manage regulatory reviews and internal audits
- •Experience in risk management framework development
Responsibilities
- •Oversee AML Investigations and Analysis programme
- •Lead a team of on-shore Investigators and Analysts in CoEs
- •Take decisions on filing STRs to the Financial Intelligence Unit of the UAE
- •Act as Deputy Money Laundering Reporting Officer (MLRO) / MLRO delegate
- •Manage operations of the Regulatory Response Unit
- •Provide AML advice to Embedded Compliance, Business, Technology, and Operations
- •Develop and run the AML Intelligence Exchange capability
- •Spearhead delivery of critical technology and advanced analytics projects
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60 seconds. $5.88 one-time.
GCC Info
Company
Mashreq Bank
5000+ employees
Mashreq Bank offers a wide range of banking products and services, including retail, corporate, and investment banking. It serves individuals and businesses across the UAE and internationally.