Senior Officer FCC (AML Investigations)

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

Job summary

A leading compliance services provider is seeking a Senior Officer FCC (AML Investigations) for their Dubai operations. The candidate must have a Bachelor's degree and at least 5 years of experience in the banking sector, including 3 years in AML Investigations. Responsibilities include daily transaction reviews, preparing Suspicious Transaction Reports, and ensuring compliance with regulations. Strong analytical and investigative skills are crucial for this role. Joining time frame is 2 weeks to 1 month.

Qualifications

• Minimum 5 years' experience in banking/financial institution
• 3 years’ experience in AML Investigations or similar
• Mandatory Compliance qualification/certification is a plus

Responsibilities

• Daily reviewing of all transactions generated by AML monitoring system.
• Investigating alerts pertaining to suspicious transactions.
• Preparing Suspicious Transaction Reports for review.

Skills

Analytical skills

Investigative skills

Attention to details

Time management

Communication skills

Education

Bachelor’s degree

CAMS or CFCS certification

Job description

Overview

We are currently looking for Senior Officer FCC (AML Investigations) for our UAE operations with the following Skill set and terms & conditions.

Education & Qualifications

• Tertiary education with a Bachelor’s degree as a minimum
• Mandatory Compliance qualification or certification mainly CAMS, CFCS certification or any other relevant AML/ Compliance qualifications from an internationally recognized body is a plus

Experience

• Minimum 5 years' experience in a banking / financial institution environment of which 3 years’ experience should have been in AML Investigations or similar department

Other Skills Required for the Job

• In depth knowledge of CB UAE and other related AML / CTF regulations
• Analytical, investigative, problem solving and decision-making skills
• Attention to details
• Independent and self-starter
• Organizing skills
• Strong team player
• Good written and oral communication skills
• Good time management skills and adherence to deadlines

Duties and Responsibilities

• 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.

Joining time frame

2 weeks (maximum 1 month)

Terms and conditions

Joining time frame: maximum 4 weeks