Manager, Firco Tuning

The Compliance Organisation Unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators
Brief Description:
The role has been created to further Group Compliance Screening Optimization objectives The incumbent is responsible for
Support the existing BAU Tuning Team eg developing FML Rules as per the approved Process SOP
Helping evolve and scale the existing Tuning framework with equal focus on effectiveness and efficiency
Taking the lead on special Tuning assignments as required

The incumbent will be responsible for
Ensuring effectiveness and efficiency of Customer and Payment Screening filters across UAE and the International offices
Aligning Fircosoft Screening Systems to Group Policy and Risk Appetite
Helping mobilize and coach incumbent Fircosoft Tuning analyst
Helping train new joiners on Fircosoft systems and underlying processes
Analyzing and optimizing the configuration of the Firco systems as required for effective and efficient screening
Automating and improving Firco system related processes and system controls
Assurance of the data feeds required for screening of Commercial and Trade payments from source systems
Analyzing and optimizing the Name screening of all customers UBOs vendors etc residing in Group systems
Verifying that data mapping system parameters lists and thresholds are complete and fit for purpose
Optimizing the systems by performing hit rate analysis using tools such as FircoSofts tuning suite
Documenting the configuration and testing of screening systems
Participating on assignments with independent thirdparties to perform regular testing and validation of screening systems

The incumbent must poses a high level of maturity and demonstrate strong leadership qualities and experience The incumbent will be asked to participate in industry forums share best practices and stay abreast of developments in screening technology and changes in relevant regulations as they become available

Detailed Description:
The role has been created to further Group Compliance Screening Optimization objectives The incumbent is responsible for
Support the existing BAU Tuning Team eg developing FML Rules as per the approved Process SOP
Helping evolve and scale the existing Tuning framework with equal focus on effectiveness and efficiency
Taking the lead on special Tuning assignments as required

The incumbent will be responsible for
Ensuring effectiveness and efficiency of Customer and Payment Screening filters across UAE and the International offices
Aligning Fircosoft Screening Systems to Group Policy and Risk Appetite
Helping mobilize and coach incumbent Fircosoft Tuning analyst
Helping train new joiners on Fircosoft systems and underlying processes
Analyzing and optimizing the configuration of the Firco systems as required for effective and efficient screening
Automating and improving Firco system related processes and system controls
Assurance of the data feeds required for screening of Commercial and Trade payments from source systems
Analyzing and optimizing the Name screening of all customers UBOs vendors etc residing in Group systems
Verifying that data mapping system parameters lists and thresholds are complete and fit for purpose
Optimizing the systems by performing hit rate analysis using tools such as FircoSofts tuning suite
Documenting the configuration and testing of screening systems
Participating on assignments with independent thirdparties to perform regular testing and validation of screening systems

The incumbent must poses a high level of maturity and demonstrate strong leadership qualities and experience The incumbent will be asked to participate in industry forums share best practices and stay abreast of developments in screening technology and changes in relevant regulations as they become available

Job Requirements:
Obtaining buyin and approvals from SVP Head of Financial Crimes Compliance SVP Compliance Systems as well as other VP level partners across Business Ops and IT
Testing and validation of changes
Reviewing production data and analyzing rules
Aligning rules with compliance risk appetite
Creation of good guy exceptions and FML rules
Analyze and mine production data for commonalities Documentation of decisions
Leading team with implementation of processes for tracking changes to configuration and record keeping for all configuration settings
Leading team with documentation of processes and procedures
Building framework and ensuring that team deliverables respect unit guidelines
Investigating queries received from units LOBs
Communicating results of investigations
Creation of FML Rules and Goodguy Exceptions
Leading team with documentation of processes failure points and controls
Leading team with development of a framework for maintaining risks and issues
Leading team in developing infrastructure process to collectvalidate data from subsidiaries international locations for their respective jurisdictions
Leading team in providing accurate and meaningful Metrics around screening effectiveness and efficiency
Support List management team with adding customers parties that have been identified during Compliance investigations into respective lists along with action to be taken on the names hits
Liaise with third parties to facilitate periodic systems review

Additional Details:
Strong understanding of screening technologies software algorithms business rules exceptions and tuning capabilities
Strong understanding of key concepts essential to Quality Assurance Controls and Audit Trail
Strong knowledge of OFAC UKHMT EU and UNS sanctions
Knowledge of SWIFT payments
Applied knowledge of FircoSoft screening systems
Firco Continuity Firco Trust FMM FML FFF FLVFFFC
Demonstrated ability to safely code high leverage FML rules
Demonstrated ability to effectively structure an FML rules file
Ability to develop and maintain Firco Scoring Files
Ability to understand and explain and maintain Firco ERF Config File
Senior knowledge of FircoSoft advanced modules and utilities
Decision Reapplication Workflow Accelerator Screen Keep Testing Platforms such as AML Analytics or STS
Knowledge of FircoSoft advanced modules and utilities
FOFTEST FOFLIST Live Services Stripping Detection Pairing Manager SBS Automated Alert Reduction Worldcheck Data
Knowledge of ENBD Compliance Function Systems
Stakeholder management at an VPSVP level
Strong communication skills are crucial
Ability to manage and mobilize senior teammates
Ability to coach and train junior teammates

3 years of handson Fircosoft Tuning experience

2 years in a

Qualifications

AS Mentioned in the JD

Primary Location: United Arab Emirates-Dubai-Dubai – Nadd Al Shiba, Meydan, Building Q
Job: Professional Support
Organization: Payments, Compliance & Service Center
Schedule: Regular
Shift: Standard
Job Type: Full-time
Day Job
Job Posting: Jun 6, 2022, 2:29:54 PM