Senior Officer FCC- AML Investigation- Emirati Talent

Commercial Bank International; Sharjah; On-site; AED 100,000 - 120,000; Full time

Job summary

A leading banking institution in Sharjah is seeking a candidate for an AML monitoring role. The successful candidate will conduct post-facto transaction monitoring and investigate suspicious activities, while ensuring compliance with CBI requirements and UAE regulations. Applicants should have a Bachelor’s degree and at least 2 years of experience in a financial institution, preferably in AML investigations. Strong analytical skills and attention to detail are crucial. Certifications like CAMS or CFCS are advantageous. The position offers a dynamic work environment focused on compliance and governance.

Qualifications

• CAMS, CFCS, or similar AML/Compliance certification is an added advantage.
• Minimum 2 years of experience in a banking or financial institution.
• Experience in AML investigations or similar department.

Responsibilities

• Conduct post-facto AML transaction monitoring.
• Investigate and report suspicious transactions.
• Prepare Suspicious Transaction Reports (STR) for review and approval.

Skills

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

Education

Bachelor’s degree in Business Administration or related field

Tools

AML/CTF systems

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

1) 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/transaction 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.

2) 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.

3) 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.