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Vice President – AML Investigations & RRU @ Mashreq Careers

United Arab EmiratesOnsiteFull-timeJob reference 6706
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About this role

• 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

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