Senior Compliance Officer - Enhanced Due Diligence

RAKBANK; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

RAKBANK seeks a Senior Compliance Officer - Enhanced Due Diligence. The role involves analyzing high-risk entities to identify suspicious transactions and ensuring compliance with AML regulations. The successful candidate will have a strong analytical background, relevant experience, and a Bachelor’s degree in finance or business to thrive in a dynamic banking environment.

Benefits

Competitive and performance-linked compensation

Diverse workforce and inclusive culture

Career development and growth opportunities

Qualifications

• At least 3 to 5 years of experience in a compliance role.
• Understanding banking, payment systems, KYC requirements & CB-UAE regulations on AML.

Responsibilities

• Review high-risk entity and individual KYC’s for accuracy and timeliness.
• Identify and document suspicious activities and maintain records.
• Prepare and submit STRs/SARs through the CB-UAE portal.

Skills

Strong analytical skills

Computer literacy

Understanding of marketplace AML issues

Education

Bachelor’s degree in finance, Business, or a related field

Tools

Word

Excel

Job description

At RAKBANK, we are committed to nurturing a culture of innovation, growth, and excellence. We go beyond being a bank – we are a thriving community fueled by teamwork, advanced solutions, and unwavering standards of governance.

As a Senior Compliance Officer - Enhanced Due Diligence your role is to analyze high-risk entities and individuals to identify red flags and potentially suspicious transactions from a financial crimes viewpoint and suitably action the same.

Join us and be a part of shaping the future of RAKBANK!

Job Description

• Quality, timeliness, and accuracy of reviewing high risk entity and individual KYC’s.
• Ensure efficient identification and due diligence in identifying red flags.
• Obtain documentary proof of suspicious findings and ensure effective record keeping of suspicious transaction identified and reported.
• Prepare, clear STRs\SARs and raise the same in CB-UAE portal.
• Periodic review of previously on-boarded clients for potential suspicious activity.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Assist in identifying systemic control weaknesses related to EDD.
• Timely & efficient execution of tasks & instructions received from supervisors.
  
  

Qualifications

• Bachelor’s degree in finance, Business, or a related field.
• At least 3 to 5 years of experience in compliance role.
• Strong analytical skills
• Computer literacy essential (Word, Excel).
• Understanding of marketplace AML issues, topologies & AML suspicious activity transaction
• Understanding of banking, payment systems, KYC requirements & and CB-UAE regulations on AML
  
  

Additional Information

What’s In It for You

• Pay for performance culture (Competitive and performance-linked compensation)
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole self to the organization and perform to your best.