Anti-Money Laundering Officer

Tanami Properties L.L.C.; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A real estate company in the United Arab Emirates is seeking a meticulous and proactive AML Officer. The ideal candidate will be responsible for developing and implementing AML policies, monitoring financial transactions, and ensuring compliance with regulatory requirements. This role involves identifying suspicious activities, conducting customer due diligence, and training staff on AML best practices. The candidate should have a Bachelor's degree and 2-3 years of relevant experience. Strong analytical and communication skills are essential.

Qualifications

• 2-3 years of experience in AML, compliance, or related role within real estate and financial services.

Responsibilities

• Develop and implement AML policies, procedures, and controls.
• Monitor and analyze transactions to identify suspicious activities.
• Conduct customer due diligence (CDD) checks.
• Prepare and file suspicious activity reports (SARs).
• Stay updated on AML regulations.

Skills

AML regulations understanding

Financial crime prevention

Analytical skills

Investigative skills

Communication skills

Report-writing skills

Education

Bachelor's degree in Finance, Law, Business, or related field

Tools

AML software and tools

Job description

We are looking for a meticulous and proactive AML (Anti-Money Laundering) Officer to join our compliance team. The ideal candidate will be responsible for developing and implementing AML policies, procedures, and practices to ensure the organization meets all regulatory requirements. This role involves monitoring financial transactions, identifying suspicious activities, and collaborating with various departments to mitigate risks associated with money laundering and financial crime.

Key Responsibilities

• Policy Development: Develop and implement AML policies, procedures, and controls to ensure compliance with local and international regulations.
• Transaction Monitoring: Monitor and analyze transactions to identify unusual or suspicious activities, ensuring timely reporting of potential money laundering or terrorist financing activities.
• Customer Due Diligence (CDD): Conduct thorough due diligence on new and existing clients, including KYC (Know Your Customer) checks, risk assessments, and ongoing monitoring.
• Suspicious Activity Reporting (SAR): Prepare and file Suspicious Activity Reports (SARs) with relevant regulatory bodies in compliance with legal requirements.
• Regulatory Compliance: Stay updated on AML regulations, ensuring that the organization complies with all applicable laws, including FATF guidelines, OFAC, FinCEN, and other relevant bodies.
• Training and Awareness: Provide regular training and updates to staff on AML compliance, including best practices and emerging trends in financial crime.
• Internal Audits: Conduct regular audits and assessments of the AML program, identifying gaps or weaknesses, and recommending improvements.
• Collaboration: Work closely with legal, compliance, and other relevant departments to address AML-related issues and ensure alignment with overall compliance strategy.
• Reporting: Prepare detailed reports on AML activities, trends, and program effectiveness for senior management and regulatory authorities.
• Investigations: Lead and assist in investigations related to potential money laundering activities, coordinating with law enforcement as necessary.

Qualifications

• Education: Bachelor's degree in Finance, Law, Business, or a related field.
• Experience: 2-3 years of experience in AML, compliance, or a related role within real estate and financial services.
• Skills: Strong understanding of AML regulations and financial crime prevention; proficiency in AML software and tools for monitoring and reporting; excellent analytical and investigative skills and strong communication and report-writing skills.