Summary
First Abu Dhabi Bank is hiring a KYC & Onboarding Manager in Abu Dhabi for a role designated as Emiratised. The role manages corporate and investment banking client onboarding, periodic and trigger reviews, due diligence, screening, and KYC records, while coordinating with clients, business stakeholders and Compliance. It also monitors onboarding timelines, exceptions and KYC performance indicators, and supports adherence to internal policies and regulatory requirements. Applicants need a bachelor’s degree or higher in Management, Banking or Finance, at least 5 years of experience in an international bank and at least 5 years in onboarding, KYC or Compliance.
The posting
As published on bankfab.com. Pulled from the employer's site and shown as they wrote it.
KEY RESPONSIBILITIES
- Manage KYC and Onboarding process for New to Bank Client Onboarding Process along with Periodic & Trigger Reviews in liaison with all stakeholders.
- Ensure all clients are onboarded within the onboarding timelines agreed.
- Verify account opening forms / Swift messages (Banks) have been completed adequately and have been verified.
- Conduct Name screening, due diligence and Adverse Media matches on all associated parties to the entity.
- Liaising with client and relevant stakeholders on key KYC information and data requirements.
- Undertaking independent research via approved public sources.
- Review AML, KYC forms and Sanctions Questionnaires, as applicable.
- Conduct Customer Due Diligence and perform KYC on third party service providers for Corporate and Investment Banking clients.
- Liaising with Approver/Compliance and providing all the required documents/information submitted by the client and highlighting key information about the company which may be instrumental in obtaining their approval depending on the risk rating classification.
- Maintenance of all data in Alpha system.
- Stay abreast with latest developing concepts like new regulations by the UAE Central Bank or legal environment within UAE & international locations & other corporate credit practices.
- To promote appropriate checks and controls within the team to ensure files are processed correctly.
- Adherence to TATs and SLAs.
- Ensure adherence to all internal policies/procedures and external regulatory requirements at all times.
Relationship Management
- Develop and manage relationships with CIB stakeholders across business lines and supporting functions.
- Undertake strong support and communication with both internal & external clients to facilitate efficient client onboarding & offboarding.
- Deliver fair outcomes of our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Reporting
- Ensure information for MI related to CIB Onboarding & KYC is prepared and presented on a periodic basis.
- Ensure exceptions are updated in CDD Exception tracker and tracked to resolution.
- Monitor monthly KYC KRI/KPI reports.
- Interact with other stakeholders and help the KYC teams achieve KRIs/KPIs.
Frameworks, Boundaries & Decision Making Authority
- Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
- Authorised to take decisions as per the approved authorisation matrix.
REQUIREMENTS / QUALIFICATIONS
Minimum Qualification
- Bachelor’s degree or higher in Management, Banking, or Finance.
Minimum Experience
- Minimum of 5 years of experience in a reputable international bank.
- Minimum of 5 years of experience within an Onboarding, KYC or Compliance function.
- Relevant experience (AML/KYC/Compliance related) with understanding of Financial Institutions KYC requirements.
- Familiarity with AML/KYC regulations and industry guidelines, along with client structure and hierarchies, knowledge of Funds, Brokers, Loan Agencies & Correspondent Banks.
- Experienced with operating in a global regulatory environment.
- Strong Microsoft application knowledge.
- Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and ability to assess.
Preferred / Beneficial
- Preferably with certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management.