Senior Officer AML & CFT ( UAE National )

Commercial Bank of Dubai; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

Commercial Bank of Dubai is seeking an AML Investigator to assist in regulatory investigations and compliance. The ideal candidate will have at least 3 years of experience in an AML/CFT role, a Bachelor’s degree, and strong investigative skills. Responsibilities include conducting detailed investigations, engaging with regulatory bodies, and documenting findings. This role offers an opportunity to work within a progressive banking institution recognized for its digital initiatives.

Qualifications

• Minimum of 3 years’ experience in an AML/CFT role or equivalent.
• Background in investigations and understanding of AML/CTF and Financial Crime.
• Well versed with banking systems and best practices.

Responsibilities

• Assist the FIU Manager in investigating cases received from regulators.
• Conduct in-depth AML/CFT investigations on assigned cases.
• Prepare findings and support regulatory responses.

Skills

Analytical skills

Attention to detail

Regulatory compliance

AML/CFT knowledge

Investigative skills

Education

Bachelor’s Degree from a recognized university

Job description

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services. CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022. As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people — your colleagues and our customers — and delivering service that really goes the extra mile.

Job Purpose

The role holder is responsible for assisting the FIU Manager in investigating cases received from regulators (FIU, CBUAE, Law Enforcement) and conduct in-depth investigation and take necessary actions as and when needed.

Principle Accountabilities

• Support the FIU Manager with investigations of regulatory and law enforcement cases
• Conduct detailed AML/CFT investigations on assigned cases
• Engage with regulatory and investigating bodies to provide evidence & take action where necessary
• Review transactions and customer activity to identify suspicious behaviour
• Prepare investigation findings and support regulatory & internal responses
• Review regulations and ensure compliance with internal SOP
• Conduct in-depth investigation and prepare EDD reports to submit to the regulators
• Prepare MI and reports as and when needed
• Adherence to Maker/Checker activity in IEMS, CIR, GoAML & various other forms of communications with regulatory bodies
• Maintain and update MIS
• Manage the GoAML message board, take next course of action based on the request and respond to the RFI within the TAT
• Document and complete the process as per the Bank’s internal procedures to report STRs to the UAE Central Bank’s FIU once the decision has been taken by DMLRO or MLRO
• Conduct gap assessment to new regulations and policies as and when needed
• Prepare and respond to internal QA, Audit as well as external examination as and when required

Requirements

• Minimum of 3 years’ experience in an AML/CFT role or equivalent
• Bachelor’s Degree as a minimum from a recognized university
• Must have a background in investigations and a good understanding of AML/CTF and Financial Crime
• Well versed with banking systems, concepts, banking best practices
• Certification in investigations or similar work