Senior Analyst, AML - Compliance

Job Purpose:

The Senior Analyst – Anti-Money Laundering (AML) will manage AML/CFT Unit activities under the direct supervision of the DMLRO for effective administration of the Bank’s AML/CFT activities through available systems/tools, in line with the guidelines/parameters set by the regulatory agencies, applicable laws and relevant policy and procedures to protect the bank from the threats related to Anti Money laundering (AML)/ Counter Terrorist Financing (CTF), Sanctions and Proliferation of weapons of Mass Destruction.

Principal Accountabilities:

1. Ensure to review/analyze alerts/cases with active investigation of customer profile, detection scenario logic and the related transactions which have breached the Detection Scenario logic and take prompt/appropriate actions.
2. Promptly identify and highlight suspicious transactions to the DMLRO with complete investigations/documentations for necessary action.
3. Have a strong understanding of relevant regulatory requirements and industry best practices.
4. Ensure adherence to the Central Bank regulations, the Federal Law and best practices relating to AML/CTF, building and operating the necessary systems, policies and procedures.
5. Prompt execution of any regulatory (CBUAE) driven requests: EDD, Search & Freeze notices, LEA requirements.
6. Timely update the Internal Watch list/Blacklists.
7. Ensure complete investigation on all alerts in line with the related Policy/Procedures and Regulations/Guidelines.
8. Regularly review the AML/CFT application/systems in terms of enhancements and optimizing the scenario parameters, conditions, etc. and coordinate with the relevant stakeholders for automating the related processes.
9. Handle end to end AML/CFT investigations for certain cases in close coordination with the DMLRO.
10. Draft STR/SAR’s and ensure filing on time as per regulatory requirements with complete documentation and maintaining the records with complete confidentiality.
11. Conduct periodic reviews of internally monitored customers to ensure that there are no AML/CFT concerns.
12. Maintain effective coordination with Business Units and ensure that all inquiries/investigations received are handled properly and responded to in a timely manner.
13. Update AML/CFT related various MIS’s including but not limited to alerts, STR/SAR’s, IEMS, etc.
14. Conduct AML/CFT related UAT’s with proper test cases, POC/POV’s, implementations, enhancements and AML/CFT related AI/ML tools with detailed feedback and in close coordination with the DMLRO and Head of FCC/MLRO.
15. Promptly respond to all queries related to AML/CFT and related issues raised by branches and departments.
16. Stay updated with local and Global AML/CFT related updates and prepare advisories for the business stakeholders.
17. Conduct end to end Thematic reviews related to AML/CFT.
18. Stay updated with AML/CFT regulatory requirements and International standards and ensure that all related Policy/Procedures, systems and processes are in line with those requirements.
19. Handle any other project/task assigned by the DMLRO, Head of FCC/MLRO and Chief Compliance Officer.
20. Ensure complete adherence to the bank's policy and procedures.
21. Maintain the highest standard of confidentiality, professional conduct, ethical standards and integrity in the provision of services/activities and interactions in the department. Avoid conflicts of interest and act in the best interests of the organization.

Job Requirements:

1. Bachelor's Degree from an internationally recognized education institute.
2. ACAMS certification or equivalent.
3. Minimum five years of professional experience in AML particularly transaction monitoring.
4. Knowledge and hands-on experience of IT/system upgrades, enhancements and conducting UAT’s related to Transaction Monitoring systems.
5. Effective communication skills in English; Arabic is preferable.
6. Knowledge of UAE and International AML/CTF/Sanctions requirements.
7. Knowledge of AML/CFT/PFWMD and EDD processes, AML/CFT tools, systems and applications.