Aml Monitoring Specialist

beBeeMonitoring; Abu Dhabi; On-site; AED 60,000 - 85,000; Full time

Job summary

A financial compliance organization in Abu Dhabi is seeking an AML Monitoring Professional to support AML monitoring activities. This role involves implementing and maintaining compliance frameworks, conducting quality checks on alerts, and evaluating risk controls. The ideal candidate will have experience in AML procedures and will provide staff training on compliance awareness. This position offers an opportunity to ensure adherence to regulatory standards while collaborating across divisions.

Qualifications

• Experience in AML monitoring activities and compliance requirements.
• Ability to conduct quality checks on transaction monitoring alerts.
• Familiarity with relevant Group Compliance Policies and Procedures.

Responsibilities

• Provide critical support in AML monitoring activities.
• Monitor and maintain frameworks and compliance plans.
• Conduct quality checks on alerts in AML monitoring system.
• Evaluate the effectiveness of risk controls.
• Provide training on AML compliance procedures.

Job description

Job Title: AML Monitoring Professional

Purpose and Scope

The role of the AML Monitoring Professional is to provide critical support to our business areas in covering AML monitoring activities. This includes implementing, monitoring, and maintaining frameworks and plans to address compliance needs and requirements in line with laws, rules, and regulations.

Support the Quality Assurance of AML monitoring by assisting in the implementation and monitoring of the framework and plan for AML to ensure it meets the Group's policy and procedures. Conduct quality checks on alerts actioned in the AML monitoring system and identify potential suspicious transactions that require internal reporting. Assess conformance with relevant Group Compliance Policies and Procedures, including Transaction Monitoring Procedures. Evaluate the efficiency and effectiveness of controls used to mitigate risks and identify areas for improvement. Provide training to staff on compliance awareness related to Anti-Money Laundering procedures. Maintain effective relationships with related divisions to ensure timely escalation of issues and risk management. Collaborate with the AVP – AML Quality Check & Training to provide timely and accurate compliance advice on AML matters raised by business functions. Stay up-to-date with relevant rules, regulations, and best practices pertaining to AML and update the team accordingly. Provide responsive compliance clearance requests. Perform other duties as directed by the AVP – AML Quality Check & Training.