Governance Officer (UAE Nationals)

The RBWM Governance HRA team is part of Retail Governance to undertake the compliance operations activities. The unit is responsible for the pre on boarding reviews of the high and Special risk accounts referred by the business units, PRB/ BUB/ PSB.

The unit exists for carrying out the enhanced due diligence activities and customer screening to protect and mitigate the Compliance and Sanctions related risks for the Retail Bank.T he unit is required to carry out the CDD on the existing customers, New to Bank customers from Safe watch perspective and also for investment perspective.   

Job Purpose

• To review and approve the new to bank/ existing customer requests from AML/ CTF and Sanctions perspective for Individual & Company accounts.
• To review and approve the new to bank/ existing customer requests from Safewatch/Firco soft screening perspective. 
• To review and initiate for approval of new to bank/ existing customer requests for clearance from Group Compliance’s ‘online watch list check’ (OWC) perspective.
• To perform Enhanced due diligence checks on the investments/portfolio account opening request & Request of Change of Nationality proceeding from the different Business units in RBWM. 
• Review of the OWC delisting activity and assist Business units in getting GC approvals. Measured by the TAT adherence
• Review of retention cases by carrying out EDD and carrying additional due diligence checks to assist the Head of HRA team
• To carry out the trigger based reviews and Central Bank queries as and when received
• To review and assist in conducting due diligence checks (EDD) pertaining to Domestic PEP & Foreign PEP (Politically exposed persons) at the time of onboarding and annually.
• Provides support to ensure that various units within RBWM are compliant with the bank’s internal policies, external imperatives and regulatory environment.
• Works closely with other support functions to ensure Service Level Agreements are in place and measure performance through MIS reports.
• Ensure follow up support on compliance projects and ongoing compliance issues and data cleanup activities.
• Support Manager High Risk Account Opening Team in preparation of agenda items and action items for various meetings on HRA activities, audit and Compliance related issues.