Specialist- AML Monitoring QC

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

Join First Abu Dhabi Bank as an AML Compliance Officer, where you'll play a vital role in aligning AML monitoring activities with regulatory requirements. This position emphasizes compliance awareness, quality assurance, and effective communication, making it essential for maintaining the integrity of the bank’s operations. Candidates should possess a strong grounding in banking compliance, complemented by at least 5 years of experience in a similar environment.

Qualifications

• Minimum of 5 years of experience in Compliance and/or Audit within banks.
• Fluent in English and Arabic with excellent communication skills.
• Strong understanding of regional laws and international regulations.

Responsibilities

• Support AML monitoring activities ensuring compliance with laws and regulations.
• Perform quality checks on alerts and file Suspicious Transactions Reports as needed.
• Provide compliance advice and training to staff on AML matters.

Skills

AML/CTF knowledge

Compliance awareness

Interpersonal skills

Attention to detail

Education

Bachelor’s Degree in Management, Banking, or Finance

Certification in compliance, AML, risk management, or internal audit

Job description

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders, and communities to grow through differentiation, agility, and innovation. We are looking for top talent, and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark at a top company in an exciting & dynamic industry.

Job Description

Purpose of the Job:

Reporting to the AVP – AML Quality Check & Training, the main responsibility of this role is to support the business areas covering AML monitoring activities for the Group and ensure efforts are made to align related policies and procedures with regulatory requirements and applicable laws and regulations.

Tasks:

1. Support the AVP – AML Quality Check & Training in implementing and monitoring the AML framework and plan to address compliance needs in line with laws, rules, and regulations, aligning with Group FAB TM Policy and Procedures.
2. Perform quality checks on alerts in the AML monitoring system and identify the need to file internal Suspicious Transactions Reports (STRs).
3. Assess conformance with relevant Group Compliance Policies and Procedures, including Transaction Monitoring Procedures.
4. Evaluate the effectiveness of controls used to mitigate risks.
5. Identify deficiencies and inaccuracies in monitored activities.
6. Provide training to staff to raise compliance awareness regarding TM and FCC procedures.
7. Maintain effective relationships with related divisions for issue escalation and risk management.
8. Assist in providing timely and accurate compliance advice on AML monitoring matters raised by business functions.
9. Stay updated on rules, regulations, and best practices related to AML, assessing their impact on FAB, and inform the AVP accordingly.
10. Respond promptly to compliance clearance requests.
11. Execute other duties as directed by the AVP – AML Quality Check & Training.

Qualifications

1. Bachelor’s Degree or higher in Management, Banking, or Finance; certification in compliance, AML, risk management, or internal audit is preferred.
2. Minimum of 5 years of experience in Compliance and/or Audit within banks.
3. Excellent understanding of regional laws and international regulations.
4. Strong knowledge of AML/CTF applicable to various banking functions.
5. Strong interpersonal, management, and facilitation skills.
6. Team player capable of meeting deadlines and managing challenging workloads.
7. Fluent in English and Arabic, with excellent written and verbal skills.
8. Detail-oriented with a focus on accuracy and pace.
9. Discreet, with high integrity, capable of handling sensitive information confidentially.