Assistant Manager, Sanctions job at Commercial Bank of Dubai | CBD

Employer Description
Commercial Bank of Dubai is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than $23 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets

Job Description
Manage the allocation of sanctions alerts, transactions and RFIs to be reviewed within the team.Supervise the review process of sanctions alerts, transactions and RFIs to ensure compliance with the Bank’s internal policies and procedures.

Responsibilities:

1. Sanctions alerts escalated to Compliance by the outsourced team in India or directly triggered by the Bank’s screening systems.
2. Transactions referred to Compliance from the Bank’s remittance and trade finance teams.
3. Requests for Information (RFIs) received from the Bank’s Correspondent Banks as well as of their KYC profiles refresh.
4. Supervise the investigation process followed by the Bank to review sanctions alerts and determine whether it complies with the Bank’s documented procedures.
5. Support on the ongoing assessment of the Bank’s Sanctions screening systems to ensure it is optimized and the volume of false positives is minimized.

Requirements:

1. Bachelor’s Degree as a minimum from a recognized university.
2. Well versed with local regulations, banking systems, concepts and banking best practices.
3. At least 5 years of experience in the banking/financial services sector.
4. Direct Experience in working in a Sanctions function.  
5. Good written and oral communication

For more details, please scroll down & see the details.

Commercial Bank Of Dubai – UAE