Manager- Compliance System Monitoring & Validation (UAE Nationals Only)
- Employer
- First Abu Dhabi Bank
- Location
- Abu Dhabi, United Arab Emirates
- Salary
- Competitive
- Closing date
- Jul 13, 2022
View more
- Job Function
- Compliance/Regulatory
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Company Description
Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
JOB PURPOSE:
To be part of the Compliance System Monitoring and Validation function team and to achieve below objectives with a focus on deployments of screening tools and other compliance systems/models across the group:
1. Help in development and implementation of "Other Compliance Systems" System Governance Framework (Comprehensive framework consisting of automated control processes with a view to prove/validate system performance on a daily basis thereby improving overall control environment and regulatory confidence in "Other Compliance Systems" models) for "Other Compliance Systems" deployments across the group.
2. Develop programs and automated procedures to deploy the automated controls that constitute the System Governance framework.
3. Monitor and validate system and data architecture performance on a daily basis using control and reconciliation mechanisms deployed as part of the system governance framework.
4. Analyse the impact of system and data failures, develop reports to senior management and oversee design and implementation of remedial measures.
5. Undertake random control testing on "Other Compliance Systems" architecture (system + data architecture) on a frequent basis and prepare/execute relevant remedial measures.
6. Undertake periodic assessments of the "Other Compliance Systems" landscape as per GIA and regulatory expectations.
7. Perform and support overall Compliance Monitoring Reviews and Quality Assurance testing.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Policies, Systems, Process & Procedures
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
Governance of the "Other Compliance Systems" Landscape
Using the "Other Compliance Systems" system governance framework, undertake periodic reviews of the "Other Compliance Systems" models across the network with a focus on below aspects:
o Independent AML Typology assessment.
o Sanctions risk assessment of payment types, message tags/fields and list selection.
o Sanctions risk assessment of customer attributes and list selection.
o Source systems and overall data architecture.
o Overall IT governance and adherence to defined SDLC procedures.
o System/scenario configuration and performance.
o Data lineage, mapping and quality.
o Alert adjudication.
o Case management and workflows
Based on assessment, submit detailed report to senior management with findings and actionable recommendations.
Specialist development, data analysis and reporting
• Undertake development of custom applications/scripts using common data analytics and technology platforms (SQL, Python, R, Alteryx, PowerBI and Tableau etc.) in response to specific requests .
• Develop custom dashboards to automatically provide updates to senior management using common visualization platforms (PowerBI and Tableau).
Technology
• Assist in producing procedures and processes aligned to Group Policy of new Group TDR function
• Assist in conducting feasibility studies to assess need for new systems and provide technical inputs during technology vendor selection
• Assist in exercises such as design and system architecture of compliance related systems by consulting with business users.
Reporting
• Collaborate with Compliance SMEs to develop Compliance related MI dashboards.
• Develop periodic reporting plan and maintain the schedule and workflow for multiple reports.
• Populate management information dashboards by extracting relevant data from source systems including using logical queries and basic programming.
• Collaborate with Compliance colleagues to obtain information to populate dashboards.
Submit MI dashboards to team lead for review.
Qualifications
Minimum Qualification
• Graduate qualifications in, computer sciences or business studies preferred
Minimum Experience
• Basic experience in development / programming of systems and models.
• Understanding of data mining, analysis and statistical techniques to perform/enhance customer segmentation, Some knowledge of solutions such as Siron AML, SAS AML, NICE Actimise and FCCM etc. highly desirable
• Some experience with banking data models, understanding of complex ETL jobs, data mapping and system configuration management etc.
• Ability to troubleshoot system failures and implement remedial measures
• Good understanding of IT and system controls and experience in designing controls based on system functionality
Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
JOB PURPOSE:
To be part of the Compliance System Monitoring and Validation function team and to achieve below objectives with a focus on deployments of screening tools and other compliance systems/models across the group:
1. Help in development and implementation of "Other Compliance Systems" System Governance Framework (Comprehensive framework consisting of automated control processes with a view to prove/validate system performance on a daily basis thereby improving overall control environment and regulatory confidence in "Other Compliance Systems" models) for "Other Compliance Systems" deployments across the group.
2. Develop programs and automated procedures to deploy the automated controls that constitute the System Governance framework.
3. Monitor and validate system and data architecture performance on a daily basis using control and reconciliation mechanisms deployed as part of the system governance framework.
4. Analyse the impact of system and data failures, develop reports to senior management and oversee design and implementation of remedial measures.
5. Undertake random control testing on "Other Compliance Systems" architecture (system + data architecture) on a frequent basis and prepare/execute relevant remedial measures.
6. Undertake periodic assessments of the "Other Compliance Systems" landscape as per GIA and regulatory expectations.
7. Perform and support overall Compliance Monitoring Reviews and Quality Assurance testing.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Policies, Systems, Process & Procedures
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
Governance of the "Other Compliance Systems" Landscape
- Support the development and implementation of the "Other Compliance Systems" System Governance Framework i.e., a comprehensive framework consisting of Control and validation processes that test production system settings/parameters/configuration/mapping/design attributes against desired system settings/parameters/configuration/mapping/design attributes.
- Develop scripts/programs/code procedures on a range of technology and analytics platforms to support the implementation of the "Other Compliance Systems" System Governance Framework.
- Monitor the control mechanisms/processes implemented on a daily basis via dashboards, auto-generated reports and ad-hoc script-driven database queries.
- Evaluate the results of the control mechanisms/processes and in case of failures(IT, system, ETL and data related errors etc.) impact on any/all of the below:
- Data feeds/ETL pipelines across the entire data architecture (source to Compliance system).
- Filter performance (algorithms, rules, parameters, data mapping and configuration etc.,)
- Scenario performance (parameters, data mapping and configuration etc.,)
- Alert queues.
- Case management and workflow aspects.
- Reporting mechanisms.
- Overall impact of any failures on the AML and Sanctions screening programs.
- Develop remediation plans to address the impact caused by any failures and include this in periodic reports to senior management along with proposed remediation plans.
- Oversee the implementation of the remediation plans and perform adequate data and system testing to ensure issues have been correctly remediated.
- Undertake random control testing pertaining to "Other Compliance Systems" landscape and where deficiencies are found, develop remediation plans and oversee their implementation.
- Develop regular monitoring and validation reports for senior management that outline the below aspects:
- Results of the automated control processes/mechanisms.
- System/data failures and their impact on the AML and Sanctions screening programs.
- Remediation undertaken regarding the failures.
- Validation of remediation undertaken and independent assurance pertaining to the remediation.
- Results of random, independent control-testing.
- Overall performance of the "Other Compliance Systems" landscape and recommendations to ensure model performance continues to meet requirements.
Using the "Other Compliance Systems" system governance framework, undertake periodic reviews of the "Other Compliance Systems" models across the network with a focus on below aspects:
o Independent AML Typology assessment.
o Sanctions risk assessment of payment types, message tags/fields and list selection.
o Sanctions risk assessment of customer attributes and list selection.
o Source systems and overall data architecture.
o Overall IT governance and adherence to defined SDLC procedures.
o System/scenario configuration and performance.
o Data lineage, mapping and quality.
o Alert adjudication.
o Case management and workflows
Based on assessment, submit detailed report to senior management with findings and actionable recommendations.
Specialist development, data analysis and reporting
• Undertake development of custom applications/scripts using common data analytics and technology platforms (SQL, Python, R, Alteryx, PowerBI and Tableau etc.) in response to specific requests .
• Develop custom dashboards to automatically provide updates to senior management using common visualization platforms (PowerBI and Tableau).
Technology
• Assist in producing procedures and processes aligned to Group Policy of new Group TDR function
• Assist in conducting feasibility studies to assess need for new systems and provide technical inputs during technology vendor selection
• Assist in exercises such as design and system architecture of compliance related systems by consulting with business users.
Reporting
• Collaborate with Compliance SMEs to develop Compliance related MI dashboards.
• Develop periodic reporting plan and maintain the schedule and workflow for multiple reports.
• Populate management information dashboards by extracting relevant data from source systems including using logical queries and basic programming.
• Collaborate with Compliance colleagues to obtain information to populate dashboards.
Submit MI dashboards to team lead for review.
Qualifications
Minimum Qualification
• Graduate qualifications in, computer sciences or business studies preferred
Minimum Experience
• Basic experience in development / programming of systems and models.
• Understanding of data mining, analysis and statistical techniques to perform/enhance customer segmentation, Some knowledge of solutions such as Siron AML, SAS AML, NICE Actimise and FCCM etc. highly desirable
• Some experience with banking data models, understanding of complex ETL jobs, data mapping and system configuration management etc.
• Ability to troubleshoot system failures and implement remedial measures
• Good understanding of IT and system controls and experience in designing controls based on system functionality
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