Title: KYC CDD Specialist


Location: Dubai – UAE

Type: Full Time

Category: Banking, Finance

Job Description

Provide SME advice and guidance on all KYC / CDD related issues for all new and existing clients including but not limited to, conducting COD / EDD reviews, file reviews, writing procedures, providing advice, training and conducting onsite Visits. Assesses the completeness and quality of initial “Know Your Customer(KYC) documentation for new customers to ensure that required CDD) / EDD efforts and documentation are in accordance with applicable policies. Analyze KYC data, documentation and negative news in order to determine Client Risk Profile as established under the AML Procedures provide SME guidance / input to the Business on all KYC issues including their new account opening and KYC refresh forms and general KYC procedures. Provide SME guidance / input to the Business on how to evaluate KYC risks, how to escalate to GCD and on managing the exit of high-risk customers. Provide KYC, CDD and EDD SME guidance / input on the production and delivery of all KYC related training materials (e-learning and Face-toFace). Participate / support in the delivery of Face-to-Face KYC training. Participate in onsite visit in Branch I Business Unit to provide guidance, advice on all KYC policies, procedures, and issues. Provide SME guidance I input for continuous productivity improvement into the KYC processes by participating as a key stakeholder in the delivery of new technology and working With the KYC teams to identify business process improvement opportunities. Provide KYC, CDD and EDD SME guidance I input on all new or existing KYÇ impacted IT systems. Identify gaps in policies and processes and liaise as necessary with other business units and stakeholders to ensure KYC policy and procedures remain updated, relevant. Identify key risks in KYC process and document all identified risks in RCSA for control testing. Be aware of the Operational Risk scenario associated with your role and act in a manner that takes account of operational risk considerations. Ensure timely implementation of gaps identified in RCSA control testing, internal / external audit points together with any issues raised by external regulators. Remain current on legal and regulatory AML / KYC Requirements Minimum of 5 years Compliance experience out Of which 3 years should be in KYC / CDD role. Good knowledge and experience of implementation of KYC procedure and systems, Exemplary knowledge and experience of providing Subject Matter input for KYC policies, processes, systems and trainings. Strong knowledge of the UAE Regulations, Rules, International Compliance Standards Best Practices such as FÃ…TF guidance, Basel recommendations. Strong knowledge and experience of writing, implementing and maintaining KYC procedures. Ability to provide and deliver KYC training. Strong knowledge and experience of having provided KYC advice to all types of business and operations covering all types of customers. Strong knowledge of bank KYC on-boarding and KYC refresh procedures Good training and presentation skills Good analytical/review/ assessment skills of bank Compliance procedures and IT systems Ability to balance between compliance requirement business needs. Strong analytical, written and oral communication skills Relationship building Sound judgment Strong interpersonal skills Ability to multi-task Independence of thought and initiative Ability to be a self-starter and work independently as well as part of a team Ability to pri…