Senior Officer AML

Commercial Bank of Dubai; Dubai; On-site; AED 120,000 - 150,000; Full time

Job summary

A leading bank in Dubai is seeking an experienced AML Investigator to conduct in-depth investigations of unusual transactions, provide guidance on AML/CFT issues, and support the team in managing case workloads. The ideal candidate will have a Bachelor's degree, strong analytical skills, and at least 3 years of experience in the banking sector. Fluency in English and Arabic is preferred.

Qualifications

• Minimum 3 years experience in banking/financial services sector.
• Background in investigations and understanding of AML Red flags.

Responsibilities

• Conduct investigations of unusual transactions as per bank procedures.
• Review and document rationale for case closures or escalations.
• Provide guidance on AML/CFT related issues.

Skills

Analytical skills

Problem identification and solving skills

Report writing skills

Team player

Taking initiative

Motivated and positive

Assertive and confident

Good command of English

Good command of Arabic

Education

Bachelor's Degree

Job description

• Conduct an in-depth investigation as per the bank s internal procedures of those alerts which have been escalated as unusual transactions and need to be further reviewed to determine whether they should be reported to the MLRO/DMLRO who would then decide whether to report it as a money laundering suspicious transaction/activity to the UAE Central Bank's Financial Intelligence Unit (FIU).
• Receive and assign the transactions or activities which have been internally reported as suspicious by the Bank staff to the level 2 team.
• Document the rationale and analysis of the review conducted by the level 2 to justify the closure or escalation of the case.
• Oversee the investigations of the more complex investigations which may originate from Senior Management, Whistleblowing or from data analytics, etc.
• Reviewing all cases generated by AML Level 2, providing case advisory to the team members, concluding the case, and taking decisions.
• Reviewing staff alerts and closing them within the TAT.
• Work closely with the AML Manager to assist with day-to-day functions related to the AML Transactions Monitoring
• Align with business on any matters escalated and provide necessary support.
• Review retention cases and take a decision prior to the to the last decision by MLRO or DMLRO
• Provide advice and guidance to all business lines on AML/CFT related issues.
• Support the team by reviewing suspicious cases when the volume is higher than the average or when there are staffing constraints that would limit the team s capacity.
• Log and escalate all AML/CFT breaches or potential breaches.
• Manage the available resources efficiently and prioritize system enhancement/up-grades

Desired Candidate Profile

Qualifications:

• Bachelor's Degree as a minimum from a recognized university.
• Must have a background in investigations and a good understanding of AML Red flags.
• Well versed with banking systems, concepts and banking best practices

Experience:

• At least 3+ years of experience in the banking/financial services sector.

Skills:

• Good command of English and Arabic language preferred Analytical and attention to detail.
• Understanding of account opening process, payment, and card transactions
• Problem identification and solving skills.
• Report writing skills
• Analytical skills
• Team player
• Taking initiative
• Motivated and positive. Assertive and confident.

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