Financial Crime and Compliance Consultant

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General description

• Consultants are members in the Financial Crime and Compliance (FCC) team and will be involved in client engagements for Middle East clients on an offshore or onshore basis.
• Consultants will engage with the MENA stakeholders and GDS management to deliver client engagements or to prepare proposals in the FCC domain.
• Consultants should have good communication skills and shall be good at preparing control documents, prepare presentations and shall also be a good presenter.
• Consultants shall consistently deliver quality client services and take charge of the engagement assigned to him/her
• Consultants shall be responsible to monitor progress, manage risk and verify key stakeholders are kept informed about progress and expected outcomes
• Demonstrate in-depth technical capabilities and professional knowledge. Demonstrate ability to assimilate to new knowledge
• Possess good business acumen. Remain current on new developments in advisory services capabilities and industry knowledge
• The job could require travel (80% to 100%) to client locations in the Middle East.

Job description

FCC Domain specialist

Minimum years of Experience: 2 years

Job Profile:

• Financial Crimes Compliance Due Diligence reporting to the Due Diligence Manager, will be responsible for conducting Due Diligence as it pertains to Anti-Money Laundering (AML), Fraud, and the Office of Foreign Assets Control (OFAC) compliance. The Analyst will be a key member of the team whose mission is to comply with Due Diligence related requirements of the FATF, FINRA, FinCEN, and OFAC.
• Ensure due diligence origination compliance and credit re-underwriting reviews are conducted as instructed by the client
• Perform due diligence, including Enhanced Due Diligence (EDD), and assessing the risk of new customers to the firm, documenting findings, ensuring that management is apprised of key issues, risks, and the appropriate monitoring to mitigate risk.
• Conduct Risk Assessment & regulatory compliance review.
• Review negative news and OFAC/Watch List/Politically Exposed Persons (PEP) alerts generated by automated systems.
• Suggest revisions to policies and procedures to enhance FIU compliance efforts.
• Perform reviews to ensure proper testing methods and quality assurance
• Review and assess process flows to detect potential risks, deficient controls, non-compliance with laws and regulations.
• Analyse potential matches on swift messages/payments from local and international business units to make an informed decision,
• Refer and escalate matches accordingly as stipulated in the working instruction to originating business unit and relevant compliance department
• Maintain relevant databases and documentation and suggest controls to ensure we comply with regulations
• Provide recommendations to bring about effective controls related to sanctions screening.
• Analyse all matches from local and international business units to create informative reports.
• Analyse the rules that govern the automated systems which identify any potential matches, understanding the business logic rules that create such matches

Knowledge, education and qualification:

• Working knowledge of anti-money laundering and financial sanctions rules and regulations
• High level of analytical and problem-solving skills
• Strong PC skills (Microsoft Office with emphasis on Word, Excel and PowerPoint)
• Excellent written and oral communication skills with the ability to present information in differing degrees of details and form depending on the audience
• Attention to detail and quality assurance
• Proven ability to build strong partnerships with colleagues, desire to learn quickly, be flexible and think strategically
• Ability to multi-task, work well under pressure with commitment to deliver under tight deadline
• Strong organizational skills with ability to prioritize effectively
• MBA (Finance/Strategy/Marketing) from top 10 institutions

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