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Manager Financial Crime Systems

Commercial Bank of Dubai (CBD)

Job description / Role

Job Purpose:

– The role holder is responsible for owning, managing and optimizing the Financial Crime Systems in Compliance as well as providing subject matter expertise to system control and compliance issues.

Principal Accountabilities:

– Day-to-day management and ownership of key compliance systems including transaction monitoring, customer screening and payment screening.
– Work closely with the AML and Sanctions teams to write rules, tune and optimize system filters to reduce false positives.
– Conduct regular testing of systems and tools to ensure the completeness and accuracy of transaction data from primary source systems to Financial Crime systems.
– Manage upgrades and enhancements for the financial crime systems.
– Identification and escalation of system control and compliance issues, assess and document the related risk, and make recommendations for resolution.
– Perform proactive data analytics work and manage the data quality and integrity in the systems
– Ensure our systems are compliant with applicable UAE laws and regulations, industry best practices and recommendations from respected third parties such as FATF and Wolfsberg.
– Propose enhancements to the systems used by Compliance to generate efficiencies and/ or improve our financial crime risk management.
– Provide the Head of Compliance with assurance that system controls are operating effectively
– Provide regular reporting and management information relating to system performance and efficiency for senior management and relevant governance committees.
– Assess the effectiveness of the parameters set up in the systems for sanctions screening and the percentage for matching dependent on the type of screening conducted.
– Ensure that all customers and transactions are subject to sanctions screening.
– Manage the implementation of the new Sanctions systems – including designing and developing rules that are fit-for purpose and define system requirements, parameters, scenarios, logic and underlying rules.
– Provide updates to Senior Management on external events or regulatory changes affecting monitoring and screening.
– Provide guidance to the AML and Sanctions Officers on interpreting system output to aid their investigations.
– Manage the resources efficiently and prioritize system enhancement/up-grades.

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