Operating in the UAE for over 50 years
CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features, and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.
Job purpose:
To oversee the risk and governance of PBG entity customers with regulatory, compliance, and operational framework of the bank. This includes onboarding of new business banking customers followed by portfolio data governance and management of BAF (credit) portfolio with applicable process and system controls.
Principal accountabilities:
- Manage the customer onboarding process and ensure new customer onboarding is as per Central Bank guidelines and bank's internal processes.
- Approve low and medium risk accounts and coordinate with compliance team for high-risk accounts for business banking.
- Responsible for managing portfolio cleanup exercises along with product due to cheque returns, AML exits, and any other reasons.
- Review FCY approvals for low and medium risks as a checker and grant approval to open such accounts in accordance with SME FCY policy.
- Review manual cases as a checker and grant approval to open accounts in accordance with SME onboarding policy for low and medium risk.
- Analyze reports such as TL expiries and archival reports and present the data to the manager and product teams to facilitate necessary actions.
- Responsible for serving BAF clients and accounts; will be assigned as RM2 for required EWI monitoring and close contacts/visits to BAF clients.
- Conduct regular SME/BAF portfolio reviews to identify risk areas and implement risk mitigation strategies.
- Monitor the conduct of newly onboarded business banking customers as well as existing portfolio to identify and proactively remedy accounts with suspicious transactions or business conduct.
- Conduct due diligence on identified accounts NTB/BAF to prevent their deterioration at an early stage.
- Conduct random reviews of the liability portfolio under the PBG umbrella by means of EDDs, and provide feedback to senior management to maintain a quality book.
- Responsible for publishing daily AML/RFI reports related to the PBG entity accounts and ensuring their timely closure. Escalate to the manager if necessary.
- Collaborate with other business units to ensure compliance with regulatory requirements, i.e., FATCA/CRS reporting to regulatory compliance for entity clients.
- Create MIS reports and presentations to communicate risk assessment results to senior management and stakeholders.
- Develop and implement risk management plans to mitigate identified risks.
- Monitor and evaluate the effectiveness of risk management strategies.
- Escalate to management any of the accounts meeting the early warning indicators defaulting in BAF products or showing change in payment behavior.
- Establish effective and professional communication to ensure turnaround time within designated parameters.
- Stay up to date with relevant laws and regulations and ensure our business operations are compliant.
- Manage vendors performing customer site visits and document verifications.