Job title: Head of Financial Crime
Company: Innovations Group
Job description: Responsibilities:Strong knowledge of international sanction such as but not limited to OFAC, EU HM and sanctions regulationsDesign and propose permanent process controls for these areas that are proportionate to the risk controlled and propose modifications or developments to existing process controls to mitigate sanctions risks.Ongoing assessment of bank sanction program to make sure having efficient and effective sanction program.Identify Sanction compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.Investigate and review complicated investment deals and transactions for the various lines of business.Help to facilitate governance over sanctions lists/screening framework.Applying all the measures to maintain an updated sanction lists and perform any needed data cleansing. Provide timely advice and guidance to all appropriate business units for sanction concerns.Assist in the provision of sanctions & AML related training for employees as needed.Ensure appropriate escalation of serious sanctions & AML related matters to Head of compliance.Review for adherence to AML& Sanction Compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence.Maintain up to date knowledge of the hierarchy of international bodies that create regulations (International, National (Federal and Local))Demonstrate knowledge of the various types of AML& sanctions that can be applied such as Trade Embargoes, Asset Freezing and Sectoral MeasuresAbility to assess the consequences of breach for Individuals, Corporations and BanksWork in close co-operation with front and back offices to provide advice and guidance on transaction monitoring, payments filtering and client / transactions screening alert management.Ability to analyse internal and external processes and identify areas exposed to AML& sanctions risks, such as local & international payments, trade finance transactions, management of sanctions lists and associated screening and filtering processes.approve relationship with high-risk customers in accordance with bank policy & CBUAE regulations.Set up the process and mechanism of having solid AML & Financial Crimes (FC) program.Develop and maintain local procedures regarding KYC and EDD Creating and development of global AML and financial crime training material.Assist in creating global annual AML/FT and Financial Crimes (FC) plans including budget and resourcing needs.Oversee the Financial Crimes remediation plans as required.Review and take the required actions regarding the results of the bank annual AML& FC risk assessment.Required SkillsBachelor’s degreeMin 15 years of banking experience out of which 10 in Compliance and financial crime.Certified in AML “CAMS” and sanction “CGSS” and/ or “ICA”.Fully aware of CBUAE and FIU regulations.Excellent analytical skillsFlexibility and ability to adapt to change.Time management.Problem solving.Excellent communication and presentation skills.Fluent in English and preferable to speak Arabic as well.Excellent managerial and monitoring skills.
Expected salary: 50000 – 60000 per year
Location: Dubai
Job date: Tue, 06 May 2025 23:59:47 GMT
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Head of Financial Crime
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