Emirati Assistant Manager - AML I I Dubai | Financial Services

Al Futtaim Private Company (LLC); Abu Dhabi; On-site; AED 60,000 - 90,000; Full time

Job summary

Al Futtaim Private Company (LLC) seeks a Junior Analyst to support AML, FATCA and CRS compliance in the UAE insurance sector. You will assist with KYC, due diligence, and regulatory reporting while helping implement policies and procedures aligned with UAE regulations.

You will coordinate with internal teams and external parties to obtain Tax and KYC information, maintain documentation, and participate in training programs to stay updated on FATCA, CRS and AML requirements.

Qualifications

• Minimum 1 to 2 years of AML, FATCA & CRS compliance experience in UAE.
• Bachelor’s degree in a related field is required.
• CAMS, ICA or equivalent certifications are preferred.

Responsibilities

• Collect, review, and validate FATCA and CRS self-certification forms and KYC documentation.
• Perform due diligence on clients to determine FATCA & CRS status and ensure completeness of tax residency information.
• Assist in development and implementation of AML, FATCA & CRS policies and procedures.
• Coordinate to obtain required KYC and tax information for onboarding and ongoing compliance.
• Maintain accurate records and tracking of AML, FATCA & CRS documentation per retention policies.
• Prepare and submit AML, FATCA and CRS regulatory reports to authorities.
• Participate in training programs related to AML, FATCA & CRS compliance.
• Maintain awareness of all AML, FATCA CRS requirements.
• Identify gaps in client information or processes and escalate.
• Assist in responding to regulatory queries and audits.
• Develop training materials and conduct training on AML, FATCA & CRS.
• Ensure reporting deadlines are met per turnaround times.

Skills

AML compliance

FATCA

CRS compliance

KYC documentation

Due diligence

Regulatory reporting

Education

Bachelor’s degree in law, commerce, Business Administration, Finance, or related field

Job description

Job Description:

We are currently seeking a Junior Analyst who will be responsible for assisting the department in implementing procedures related to AML, FATCA, and CRS regulations. The role involves ensuring timely completion of KYC, accurate reporting, and supporting the FATCA & CRS compliance framework in accordance with UAE regulatory requirements for the insurance sector.

What you will do

• Collect, review, and validate FATCA and CRS self-certification forms and KYC documentation.
• Perform due diligence on clients to determine FATCA & CRS status and ensure completeness of tax residency information.
• Assisting compliance department in development and implementation of AML, FATCA & CRS policies and procedures.
• Coordinate internally and externally to obtain required KYC and tax information for onboarding and ongoing AML, FATCA, CRS compliance.
• Maintain accurate records and tracking of AML, FATCA & CRS documentation as per record retention policies.
• Preparation and submission of AML, FATCA and CRS regulatory reports to relevant authorities.
• Participate in training programs related to AML, FATCA & CRS compliance.
• Maintain ongoing awareness of all internal and external AML, FATCA CRS compliance requirements.
• Identify and escalation of any gaps or issues in client information, documentation, or compliance processes.
• Assist in responding to regulatory queries and audits regarding AML, FATCA and CRS.
• Develop training presentation and conduct training relating to AML, FATCA & CRS.
• Ensure reporting deadlines are met as per agreed turnaround times (TATs).

Required Skills to be successful

• UAE National with Family Book
• Minimum 1 to 2 years of AML, FATCA & CRS compliance experience in insurance, banking, or financial services in the UAE.
• Bachelor’s degree in law, commerce, Business Administration, Finance, or related field.
• CAMS, ICA, or equivalent certifications are preferred.
• Good interpersonal skills and the ability to effectively communicate with internal stakeholders and clients.
• Excellent organizational skills and time management skills, with the ability to prioritize tasks under pressure.
• Strong analytical skills, good knowledge and understanding of industry best practices, internal controls, regulatory requirements.
• Knowledge of FATCA, CRS and KYC regulation.