Analyse customer transaction trends to identify potentially suspicious activities from a financial crime perspective and take appropriate actions.
Ensure the quality, timeliness, and accuracy of transaction reviews for customer accounts.
Conduct thorough due diligence to identify and address red flags effectively.
Collect and maintain documentary evidence for suspicious transactions and ensure proper record-keeping for reported cases.
Prepare Suspicious Transaction Reports (STRs) and submit them accurately through the CB-UAE portal.
Perform periodic reviews of high-risk clients to detect potential suspicious activities.
Stay updated on money laundering and terrorist financing issues, including related policies, procedures, regulations, industry best practices, criminal typologies, and emerging trends.
Assist in identifying systemic control weaknesses within the AML unit and suggest improvements.
Execute tasks and instructions from supervisors in a timely and efficient manner.
Identify compliance risks, gaps, or issues within the organization and conduct root cause analysis of non-compliant incidents to recommend effective solutions.
What You Should Have
Bachelor's degree in finance, Business, or a related field.
At least 2 years of experience in an AML compliance role.
Strong analytical skills.
Understanding of marketplace AML issues, topologies & AML suspicious activity transactions.
Understanding of banking, payment systems, KYC requirements & CB-UAE regulations on AML.
Partner with business units to drive a strong culture of compliance.
Identifying issues by finding compliance risks, gaps, or issues within the organization.
An analysis of the root causes of non-compliant incidents to develop effective solutions.
Desired Candidate Profile
Attention to Detail, Managing change & self-motivation.
Using Information Effectively.
Managing and resolving complex issues and projects.
Team player and ability to work individually.
Knowledge of the key UAE related regulations from CBUAE and SCA, as well as Operational Risk understanding.