Money Laundering Reporting Officer - United Kingdom

  • n/a
  • London, England, United Kingdom
  • Permanent, Full time
  • National Bank of Abu Dhabi
  • 23 Sep 16

The National Bank of Abu Dhabi, London office is looking for MLRO who will be responsible for the branch’s policies and procedures for countering the risk that the branch might be used to further financial crime. The candidate must fulfill the statutory obligations as MLRO, as required under UK legislation and regulations.

  • Responsible for all AML policy and procedure within the firm also for all KYC/On-boarding processes within the firm;
  • Ensuring a robust AML /Financial Crime framework is in place across the company;
  • Responsible for oversight and coordination of sanctions compliance including screening for sanctions, PEPs and adverse media;
  • Monitoring of all available resources including regulators and other relevant websites, attending meetings of the BBA MLAP and Sanctions working groups, attending briefings, seminars and courses to conduct research and gather information to keep abreast of all regulatory changes.
  • Assist as required in liaison with business lines with regard to ad-hoc queries and questions related to Financial Crime related matters;
  • Provide AML advice and guidance to LOBs as appropriate;
  • Ensure that changes required to policies as a result of new AML laws, rules, regulations internal policies and guidance are implemented: 
  • provide support and advice LOBs on procedural implications and implementation issues and ensure that regulatory deadlines are met;
  • Undertake or oversee Financial Crime Prevention Monitoring reviews for, Fraud Prevention and Sanctions Compliance as agreed with the Group Compliance.
  • Exercise oversight of LOBs AML compliance testing in accordance with the Group Compliance templates including customer due diligence, sanctions, training, SARs as appropriate;
  • Produce monthly reports including Management Information to the CEO outlining the adequacy of financial crime prevention systems and controls;
  • Keep up to date with AML related developments and issues;
  • Work with US financial crime prevention team where required on corporate policies & procedures and issues of common concern;
  • Where control failures are identified track progress of recommendations and escalate non-performance to senior management as required;
  • Contribute to the development and improvement of procedures, processes, service level agreements, training modules;
  • Interact with lines of business on sanction, SRVII and PEP related issues, including policy/procedural queries, issues with clearance of alerts and completion of sanction screening surveys.