Anti-Money Laundering Analyst

Orient Insurance; Dubai; On-site; AED 180,000 - 260,000; Full time

Job summary

Al-Futtaim Group seeks an AML Analyst to support the Compliance Department in implementing AML/CTF/CPF, FATCA, and CRS frameworks across the Insurance Division. You will ensure governance, controls, and regulatory alignment while engaging with regulators and internal stakeholders.

The role covers risk assessments, due diligence, SAR/STR preparation, and training on AML compliance, with close collaboration across Audit, Operations, and Business Development to resolve issues effectively.

Qualifications

• Excellent English oral and written communication skills.
• Strong AML, CTF, CPF, FATCA, CRS analytical skills and knowledge of industry best practices.
• Knowledge of transaction monitoring systems and screening tools.

Responsibilities

• Assist in developing AML/CTF/CPF/FATCA/CRS policies and procedures.
• Coordinate with internal departments to obtain due diligence documents.
• Perform due diligence and client risk assessments per procedures.

Skills

English communication

AML/CTF/CRS analytics

Transaction monitoring

Regulatory knowledge

Education

Bachelor's degree in Finance/Law/Commerce/Business Admin

Tools

Transaction monitoring systems

Screening tools

Job description

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world\'s most admired and innovative brands. Al-Futtaim Group\'s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job Role:

We are currently seeking an AML Analyst to join our Insurance Division.

The AML Analyst is responsible for assisting the Compliance Department in establishing and implementing internal procedures related to Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Counter-Proliferation Financing (CPF), Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS). The role supports the Compliance Department in ensuring that an appropriate framework, governance structure, and controls are in place to maintain compliance across the Insurance Division in line with applicable AML, CTF, CPF, FATCA & CRS regulatory requirements.

Job Responsibilities:

• Assist the Compliance Department in the development and implementation of AML, CTF, CPF, FATCA, and CRS policies and procedures.
• Regularly coordinate and follow up with internal departments to obtain required due diligence documents.
• Execute due diligence activities in accordance with defined processes and applicable regulatory guidelines.
• Complete enterprise-wide risk assessments and client risk assessments in accordance with established procedures and regulatory requirements.
• Track and manage relevant documentation in accordance with the record retention policy.
• Ensure all reporting timelines are met in accordance with agreed Turnaround Times (TATs).
• Support the screening and transaction monitoring systems review and implementation.
• Identify red flags and control issues relating to KYC and client onboarding.
• Conduct investigations and prepare Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs).
• Liaise with regulators and supervisors in connection with the AML, CTF, CPF, FATCA, CRS program and related regulatory matters.
• Build strong partnerships with Internal Audit, Operations, Business Development, and other stakeholders in connection with the AML, CTF, CPF, FATCA, and CRS programs.
• Work with leaders across the organization to address and resolve related open issues in a timely and effective manner.
• Seek AML, CTF, CPF, FATCA, and CRS compliance advice from the Compliance Committee, and organize and participate in Compliance Committee meetings.
• Ensure the timely filing of regulatory reports with the relevant regulator.
• Develop training presentations and conduct training relating to AML, CTF, CPF, FATCA, and CRS.
• Assist in the planning and execution of AML, CTF, CPF, FATCA, and CRS compliance reviews, including the analysis of results.
• Work with business lines during testing to understand control processes and identify action plans to address control deficiencies.
• Communicate with various levels of management to ensure compliance with applicable regulatory and internal requirements.
• Maintain ongoing awareness and current knowledge of all applicable internal and external AML, CTF, CPF, FATCA, and CRS regulatory requirements, and identify any issues that could impact the Institution.
• Review high-risk relationships, particularly cases escalated to Senior Management, and ensure that all relevant risks are appropriately highlighted for management sign-off.

Job Requirements:

• Minimum of 3 years of AML, CTF, CPF, FATCA, and CRS compliance experience in the banking, insurance, or related industries.
• Bachelor\'s degree in finance, Law, Commerce, or Business Administration.
• Language Skills: Excellent oral and written English communication skills.
• Excellent organizational skills, with the ability to prioritize workload, demonstrate resilience, and work effectively under pressure.
• Excellent interpersonal skills, with the ability to communicate confidently with various levels of management.
• Strong AML, CTF, CPF, FATCA, and CRS analytical skills, with a good knowledge and understanding of industry best practices, internal controls, and regulatory requirements.
• Knowledge of transaction monitoring systems and screening tools.
• Knowledge of applicable laws, decisions, resolutions, guidelines, and regulatory requirements relating to AML, CTF, CPF, FATCA, and CRS.