Job Description

Responsibilities:

Assesses the completeness and quality of initial "Know Your Customer (KYC) documentation for existing Business Banking Customers to ensure required as part of CDD / EDD efforts and documentation are in accordance with applicable Ongoing Due Diligence Procedures.

Ensure adherence to mitigating Compliance risk / Central Bank regulatory requirement while performing reviews of cases raised to GCD for ODD.

Ensuring raising appropriate Request for Information (RFI’s) where the information /documentation wherever applicable as per KYC Onboarding and ODD Procedure. 

Analyze KYC data, documentation, and negative news to determine Client Risk Profile as established under the CLIENT KYC Ongoing Due Diligence procedures and provides guidance / input to the Business on all KYC issues including KYC refresh.

Identifying red flags linked to Financial Crime while performing Ongoing Due Diligence through analysis of information /transaction etc. 

Conduct name screening of the customers and the related parties identified in customer’s profiles including (but not limited to) shareholders, Directors, Authorized signers, Nominee. Suppliers /Customers (Related Parties)

Ensuring KYC refresh through workflow is duly completed during the ODD process.

Ensuring that all SLAs defined with the Business on timeliness and quality are adhered.

Demonstrate the ability to adapt timely and adequately to the new policies, procedures, and system knowledge. 

Involve in any system related update activities or new processes, if required. 

Involve in any ad-hoc activities or responsibilities given by the management to support the unit. 

Required Skills:

Good knowledge and experience of KYC procedure and systems,

Bachelor’s degree in business studies, law, accounting, economics or commerce, or specific training in risk management.

Exemplary knowledge and experience for Business Banking (SME sector) for KYC policies, processes.

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 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 prioritize workload and meet deadlines

Good understanding of banking processes and products

Analytical mind, good communication and self-motivated, detail oriented

Fluent in English (Ability to read and communicate in Arabic Language will be an added advantage) 

Proficient in MS Office Word Excel and PowerPoint