FCC VP/SVP - Global Bank
My client is a global bank looking for an FCC VP/SVP in Dubai in the private banking business.
🌟 Responsibilities:
Expert Advisory: Provide specialist AML/CFT advice to the Private Banking business, particularly on high-risk jurisdictions, including African countries.
Due Diligence Decisions: Analyze complex and high-risk client due diligence cases (including source of wealth) and make final recommendations on client onboarding and relationship maintenance to senior management.
Ongoing Monitoring: Oversee and execute enhanced monitoring, conduct due diligence reviews, and perform investigations on suspicious client activities or third-party transactions.
Policy Development: Draft, review, and update internal compliance policies and procedures, ensuring alignment with local regulations, notably the DFSA AML Module.
Regulatory Assurance: Act as the second line of defense by performing periodic compliance monitoring and desk reviews to confirm adherence to both internal and DFSA regulations.
Training and Projects: Deliver targeted FCC training to staff, support the front office supervision function, and participate in FCC risk assessments for new products and system enhancements.
Regulatory & Audit Liaison: Coordinate responses and submissions for regulatory reports, audits, and external inquiries related to AML/compliance.
✅ Requirements:
Experience: Minimally 10 years of experience in Financial Crime Compliance within the financial services sector
Experience in onboarding high-net-worth clients, or working with Private Banking clients, or in Wealth Management
Compliance Knowledge: Deep understanding of international AML/CFT laws and regulatory frameworks, especially the DFSA Rulebook.
Communication: Excellent communication skills with proven ability to manage and influence internal and external stakeholders.
Attributes: Proactive, adaptable, strong team collaborator, and capable of effectively escalating and resolving compliance conflicts.
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