Senior Officer FCC-AML Investigation - Emirati Talent

Commercial Bank International; Sharjah; On-site; AED 201,000 - 276,000; Full time

Job summary

A leading financial institution in the United Arab Emirates is seeking an AML Officer to conduct transaction monitoring and investigate suspicious activities in compliance with regulatory requirements. The ideal candidate will have a Bachelor's degree and at least two years of experience in AML investigations. Strong analytical and problem-solving skills along with the ability to prepare detailed reports is essential. This role involves close collaboration with internal departments to maintain compliance and ensure effective transaction reviews.

Qualifications

• Minimum 2 years of experience in banking or financial institution.
• Experience in AML investigations or similar department.

Responsibilities

• Conduct post-facto AML transaction monitoring.
• Daily reviewing of all transactions for suspicious activities.
• Prepare and submit Suspicious Transaction Reports.
• Provide feedback regarding case work quality.

Skills

Strong analytical and problem-solving skills

Effective written and verbal communication skills

In-depth knowledge of CB UAE and AML/CTF regulations

Excellent attention to detail

Good time management

Education

Bachelor’s degree in Business Administration or related field

CAMS or relevant AML/Compliance certification

Job description

Job Purpose

Conduct post-facto AML transaction monitoring in accordance with CBI compliance requirements, UAE regulations, and international best practices to identify suspicious activities. Investigate and report any suspicious transactions as required.

Main Responsibilities and Accountabilities

Monitoring and Reviews

- Daily reviewing of all transactions generated by the AML monitoring system.

- Investigating the alerts pertaining to transactions which are suspicious/unclear/doubtful. Generating queries to the RM/Branches to provide the full KYC information and details/justifications/supporting documents of suspicious high value transactions.

- Undertaking regular reviews and analysis of alerts, STRs and MIs to identify any trends / typologies requiring actions to be taken to strengthen the AML monitoring controls and suggesting possible mitigation controls.

- Performing periodic analysis of the customers’ accounts to identify any suspicions and investigate whether there are any suspicions to report.

- Where suspicions are identified and investigated and where reporting is required, preparing a Suspicious Transaction Report, submitting it to unit manager / DMLRO for review before escalating to the MLRO for approval.

- When the STR is revised and final approval is obtained, reporting the same on the CBUAE STR system.

- Ensuring appropriate action and follow up until satisfactory closure to address CBUAE comments/requirements.

- Undertake the required investigations to respond to the Central Bank Enhanced Due Diligence Requests.

- Assisting and guiding any Officers in the department with AML investigations and customer/transactions reviews.

- Providing feedback to any Officers in the department regarding the quality of case work performed while ensuring adherence to internal procedures.

- Undertaking tasks as may be required by the line manager or his/her Seniors.

Management Information and Reporting

- Maintaining appropriate MIS (daily, monthly, quarterly, annually) of alerts, investigations and STR. Ensuring proper update of relevant MIS and frequent reconciliation as well as necessary followups on pending items.

- Ensuring proper reporting of violations of the relevant AML regulations of the Central Bank.

Systems and Technology

- Assisting in reviewing of the available AML / CTF systems and ensuring proper follow up with IT for any identified gaps or on any ongoing projects.

- Advising on enhancements of the existing systems or on introducing new technologies.

Education

• Bachelor’s degree in Business Administration or any related field.

Professional / Technical Qualifications / Diplomas

• CAMS, CFCS, or any other relevant AML/Compliance certification from an internationally recognized body is an added advantage.

Experience

• Minimum 2 years of experience in a banking or financial institution, including experience in AML investigations or a similar department.

Other Skills Required for the Job

• In-depth knowledge of CB UAE and related AML/CTF regulations.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Independent, proactive, and a strong team player.
• Effective written and verbal communication skills.
• Good time management and adherence to deadlines.