Junior AML Analyst - Insurance Compliance

AlFuttaim; Dubai; On-site; AED 78,120 - 111,600; Full time

Benefits offered by this job

Opportunities for growth and learning

Exposure to compliance leaders

Job summary

AlFuttaim is looking for a Junior AML Analyst - Insurance Compliance in Dubai. In this early-career role, you will assist in developing AML procedures, conduct due diligence, and maintain regulatory standards.

The ideal candidate will have at least one year of experience and a Bachelor's degree in a relevant field. The position allows for exposure to AML governance and compliance reviews.

Qualifications

• Minimum 1 year of AML compliance experience in banking, insurance, or financial services.
• Good understanding of AML and CFT regulatory requirements and due diligence processes.
• Strong analytical skills and attention to detail for record keeping and compliance monitoring.

Responsibilities

• Assist in developing and implementing AML and CFT policies and procedures.
• Conduct customer due diligence and risk assessments following regulatory guidelines.
• Liaise with regulators and internal stakeholders regarding AML program matters.

Skills

AML compliance

CFT compliance

KYC review

Customer due diligence

Transaction monitoring

Regulatory reporting

Analytical review

Education

Bachelor's Degree in Commerce, Business Administration, Finance, or a related field

Tools

Transaction monitoring systems

Screening tools

Job description

Junior AML Analyst - Insurance Compliance - Dubai, United Arab Emirates

Role: Junior AML Analyst - Insurance Compliance

Location: Dubai, United Arab Emirates

Industry: Insurance

Function: Risk Management‑Compliance

Experience: Minimum 1 year of AML compliance experience

Job Type: Full‑time

Salary: 7,000‑10,000 (estimated; confirm with employer)

Overview

Junior AML Analyst - Insurance Compliance in Dubai is an early‑career compliance opportunity with experience in anti‑money laundering controls, customer due diligence, transaction monitoring, screening tools, FATCA, CRS, and regulatory reporting. The role supports the Insurance Division by maintaining a strong AML and CFT framework, improving internal procedures, managing regulatory obligations, and ensuring proper governance across client onboarding, risk assessment, monitoring, and suspicious activity reporting.

Key Responsibilities

• Assist the compliance department in developing, updating, and implementing AML and CFT policies, procedures, and internal controls.
• Coordinate with internal departments to obtain customer due diligence documents and ensure required records are complete.
• Execute due diligence activities in line with approved processes, regulatory guidelines, and internal compliance standards.
• Complete client risk assessments and support proper classification of customers based on risk indicators.
• Track, organize, and manage AML records according to the company's document retention policy.
• Ensure reporting timelines are met within agreed turnaround times and regulatory expectations.
• Review screening alerts and transaction monitoring outputs using available systems and tools.
• Identify red flags, unusual behavior, onboarding concerns, and potential control issues related to KYC and client acceptance.
• Investigate alerts and support the preparation of Suspicious Activity Reports and Suspicious Transaction Reports.
• Liaise with regulators, supervisors, and internal stakeholders on AML program matters and regulatory issues when required.
• Build working relationships with internal audit, operations, business development, and other departments connected to AML controls.
• Follow up with business leaders and internal teams to close AML‑related open issues in a timely and effective manner.
• Seek AML compliance guidance from the compliance committee and support compliance committee meetings.
• Prepare meeting materials, maintain records, and participate in discussions related to AML and CFT compliance matters.
• File regulatory reports with the regulator within required deadlines.
• Develop training presentations and support awareness sessions related to AML, CFT, FATCA, and CRS.
• Assist in planning, executing, and analyzing AML compliance reviews.
• Work with business lines during test work to understand control processes and identify practical action plans for deficiencies.
• Communicate with different levels of management to support AML and CFT compliance across the Insurance Division.
• Maintain awareness of internal and external AML regulatory requirements and highlight issues that may affect the business.
• Review high‑risk relationships, especially cases escalated to senior management, and ensure key risks are clearly documented for sign‑off.
• Support continuous improvement of AML processes, documentation quality, monitoring controls, and compliance governance.

Ideal Profile

• Bachelor's Degree in Commerce, Business Administration, Finance, or a related field.
• Minimum 1 year of AML compliance experience in banking, insurance, financial services, or a regulated environment.
• Good understanding of AML and CFT regulatory requirements, due diligence processes, KYC checks, and customer risk assessment.
• Knowledge of transaction monitoring systems and screening tools.
• Familiarity with FATCA and CRS regulations.
• Ability to identify AML red flags, control issues, incomplete documents, and onboarding risks.
• Strong analytical skills with the ability to review customer information, transactions, alerts, and supporting documents.
• Excellent oral and written English communication skills.
• Good interpersonal skills with confidence to communicate with internal departments and different management levels.
• Strong organizational ability with the capacity to prioritize workload and work under pressure.
• Detail‑oriented approach to record keeping, regulatory reporting, compliance tracking, and documentation management.
• Able to support investigations, compliance reviews, training preparation, and committee coordination.
• Resilient, responsible, and comfortable working in a governance‑focused environment.
• Strong understanding of internal controls, industry best practices, and regulatory expectations within AML compliance.

Skills Set

• AML compliance
• CFT compliance
• KYC review
• Customer due diligence
• Enhanced due diligence
• Client risk assessment
• Transaction monitoring
• Screening tools
• Suspicious Activity Reports
• Suspicious Transaction Reports
• AML red flag identification
• Regulatory reporting
• FATCA
• CRS
• Compliance committee support
• AML policy implementation
• Internal controls
• Document tracking
• Record retention
• Insurance compliance
• Banking compliance
• Risk assessment
• Compliance reviews
• Control testing
• Regulatory liaison
• Stakeholder coordination
• Compliance training
• English communication
• Report preparation
• Analytical review

Benefits

This role offers a meaningful learning and growth trajectory for an early‑career compliance professional. Direct exposure to AML governance, customer due diligence, monitoring systems, regulatory reporting, FATCA, CRS, compliance reviews and cross‑functional risk management. Opportunities to interact with experienced compliance leaders and support critical controls that protect the business, customers and regulatory reputation.