AML Transaction Monitoring Analyst

DIB; Dubai; On-site; AED 167,000 - 312,000; Full time

Job summary

DIB in the United Arab Emirates seeks an AML analyst to implement, tune, and enhance detective controls for AML Transaction Monitoring and to assist in developing preventive controls for sanctions risk mitigation according to Group/Regulatory policies.

The role involves reviewing alerts in the Transaction Monitoring System, discounting alerts with available information, providing justifiable rationale, and escalating unresolved cases to line management.

Qualifications

• Bachelor's Degree or professional qualifications in Risk & Control.
• 2–3 years banking experience in AML.
• Experience with Transaction Monitoring Systems (TMS) and AML investigations.

Responsibilities

• Review/analyze alerts generated on Transaction Monitoring System (TMS).
• Discount alerts using information from TMS and other bank systems.
• Conclude alert with justifiable rationale/comments per procedures/checklist.
• Review with senior management to mitigate major regulatory/financial crime risks.
• Analyze and respond to internal and external STR/RFI within required response time.
• Recommend cases for onwards review/STR to the L2/reporting team with justifiable rationale red flags.
• Escalate all unresolved AML/CTF investigation cases to line Manager.
• Assist the line Manager in tasks as assigned.

Education

Bachelor's Degree or professional qualifications in Risk & Control

Job description

DIB in the United Arab Emirates seeks an AML analyst to implement, tune, and enhance detective controls for AML Transaction Monitoring and to assist in developing preventive controls for sanctions risk mitigation according to Group/Regulatory policies.

The role involves reviewing alerts in the Transaction Monitoring System, discounting alerts with available information, providing justifiable rationale, and escalating unresolved cases to line management.