Company: Angel Lane Partners
Location: Sharjah – United Arab Emirates
Employment Type: Full-time
Description:
Regulatory Remediation Analyst – Retail Banking
In accordance with CBUAE regulation on regulatory reporting for CRS-FATCA and KYC and for Retail first salary missing accounts, banks are obliged to review and remediate CRS-FATCA customers and perform Know Your Customer (KYC) review and Customer Due Diligence (CDD) reviews on all existing/new bank customers. Moreover, UAE Central Bank regulations require Financial Institutions to perform KYC screening on their clients and related connected parties as part of conducting review at the time of client onboarding as well as on an ongoing basis.
In this context, the core responsibilities of a Regulatory Remediation Analyst will be to conduct a review of existing/new customers as per the regulatory requirements, identify the gaps or missing information, and remediate the customers with standard due diligence.
Description:
• Drive implementation of CRS-FATCA and KYC guidelines as per CBUAE regulation.
• Review KYC documentation of… Retail/Entity Customers and gather the relevant KYC information from various available resources/systems/documents for data clean-up activity.
• Identify relevant connected parties through the review of KYC documents and ID documents provided during onboarding.
• Ensure Retail Banking customers are 100% compliant with CRS-FATCA and KYC regulations.
• Gather customer data such as full name, alias name, nationality, dual nationality, DOB, country of residence, place of birth, tax residency, TIN, gender, mailing address, etc. from ID documents available in the system.
• Manage the workflow and timely submission of completed cases to the checker.
• Report discrepancies related to the review to the Head of Governance.
• Submit Management Information (MI) related to CRS/FATCA/KYC on a daily basis.
• Minimum review and remediation of 30 CRS & FATCA cases.
• Minimum review and remediation of 15 KYC cases.
• Minimum 15 calls for salary tracker cases on first salary missing accounts.
• Prepare and present Management Information (MI) related to connected party data to management as per the required frequency.
• Support the Retail team in FATCA/CRS annual submission.
• Assist the IT team and Retail team in testing system enhancements.
Skills and KPIs:
• Ability to operate independently and provide regular, accurate, and timely updates on all activities.
• Quality client service resulting in high internal employee and customer satisfaction.
• Ability to handle and resolve any situations or disputes that may arise from any parties related to their duties.
• Capability to guide and mentor subordinates during reporting deadlines.
• Ability to network effectively across different departments and members of the Bank.
• Good interpersonal and communication skills.
• Adaptability to change.
• Problem-solving and dispute resolution skills.
• Excellent Excel and English writing skills.
• Good understanding of protocols and procedures to comply with UAE regulations and requirements.
Requirements:
• Bachelor’s degree or higher in Management, Banking, or Finance, preferably with certification in KYC/CDD.
• 3-5 years of experience in the banking industry and regulatory remediation (e.g., CRS/FATCA/KYC).
• Effective communication skills in English are mandatory; Arabic is a plus.
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Source: Jooble
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