Compliance Officer - Sanctions

National Bank of Ras Al-Khaimah PJSC; United Arab Emirates; On-site; AED 120,000 - 180,000; Full time

Job summary

A leading financial institution in the United Arab Emirates is seeking a Compliance Officer to monitor transactions and investigate potential breaches of sanctions and AML laws. The ideal candidate will have a university degree and compliance certifications like ACAMS, along with proven experience in the banking sector. This role is key to maintaining the institution's compliance and safeguarding its reputation through diligent risk identification and timely reporting of suspicious activities.

Qualifications

• University Degree or equivalent is required.
• Mandatory compliance certifications like ACAMS are necessary.
• Proven experience in sanctions and AML investigations within banking or financial services.

Responsibilities

• Monitor transactions and investigate potential breaches of sanctions.
• Conduct thorough investigations in line with AML procedures.
• Provide guidance to ensure compliance standards are maintained.

Skills

Monitoring transactions

Investigating breaches of sanctions

AML laws knowledge

Risk identification

Due diligence

Education

University Degree or equivalent

ACAMS certification

Job description

About the role

The Compliance Officer is responsible for monitoring transactions and investigating potential breaches of sanctions and AML laws, ensuring adherence to local and international regulations. This role safeguards the bank’s reputation and financial stability through rigorous due diligence, risk identification, and timely reporting of suspicious activities. You will report to Associate Vice President – Sanctions.

What You’ll Be Doing

• Monitor transactions and investigate potential breaches of sanctions and AML laws.
• Assess sanctions/AML alerts for possible violations, gathering necessary information from business units to validate risks.
• Conduct thorough investigations in line with Sanctions and AML Operating Procedures, considering risks related to sanctions circumvention, AML, dual-use goods, and proliferation financing.
• Provide guidance to business units, ensuring minimal customer friction while maintaining compliance standards.
• Escalate risk triggers promptly and ensure timely reporting of suspicious activities (STR, SAR, PNMR, CNMR, HRC/HRCA) via GoAML.
• Perform enhanced due diligence where required and safeguard correspondent banking relationships.
• Stay updated on global regulatory developments through active participation in training sessions.

What We’re Looking For

• Education: University Degree or equivalent.
• Mandatory compliance certifications (e.g., ACAMS).
• Experience: Proven experience in sanctions and AML investigations within banking or financial services.
• Strong understanding of local and international regulatory frameworks.
• Industry: Financial services, banking compliance, and risk management.