Anti-Money Laundering Officer (Real Estate Experience)

Tanami Properties L.L.C.; United Arab Emirates; On-site; AED 120,000 - 160,000; Full time

Job summary

A leading real estate firm in the United Arab Emirates is looking for a meticulous AML Officer to join their compliance team. The ideal candidate will develop and implement AML policies and procedures while monitoring financial transactions and identifying suspicious activities. Responsibilities include conducting due diligence on clients, preparing Suspicious Activity Reports, and ensuring compliance with AML regulations. Ideal applicants will have 2-3 years in AML or compliance within financial services. Competitive compensation and development opportunities are offered.

Qualifications

• 2-3 years of experience in AML, compliance, or a related role within financial services.
• Preference for candidates with experience in the real estate industry.

Responsibilities

• Develop and implement AML policies and procedures.
• Monitor and analyze transactions to identify suspicious activities.
• Conduct thorough due diligence on new and existing clients.
• Prepare and file Suspicious Activity Reports (SARs).
• Stay updated on AML regulations and ensure compliance.
• Provide regular AML training to staff.
• Conduct regular audits and assessments of the AML program.
• Collaborate with legal and compliance departments.
• Prepare reports on AML activities for senior management.
• Lead investigations related to potential money laundering activities.

Skills

Understanding of AML regulations and financial crime prevention

Proficiency in AML software and tools for monitoring and reporting

Analytical skills

Investigative skills

Strong communication skills

Report-writing skills

Education

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

Tools

AML software

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.

Requirements

• 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 financial services.
• Preferred Experience: Preference for candidates with experience in real estate industry.
• 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.
• Certifications: Optional – e.g., CAMS (Certified Anti-Money Laundering Specialist), CFE (Certified Fraud Examiner).