Specialist, AML Transaction Monitoring

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

Job summary

A leading bank in Abu Dhabi is seeking a compliance professional for the AML Transaction Monitoring team. The individual will assist in implementing and monitoring AML frameworks, perform investigations on alerts, and provide timely compliance advice. Key responsibilities include maintaining relationships for issue escalation and keeping updated on AML regulations. The ideal candidate will be integral in ensuring compliance with the Group's AML policies.

Responsibilities

• Assist in the implementation and monitoring of the AML framework.
• Perform investigations on alerts in the AML monitoring system.
• Review RFI responses and identify the need for internal STRs.
• Maintain effective relationships with related divisions for issue escalation.
• Provide timely compliance advice on AML monitoring matters.
• Keep updated on AML rules and regulations and assess their impact.

Job description

Responsibilities

Support the AVP – AML Transaction Monitoring as follows:

• Assist in the implementation and monitoring of the framework and plan for AML to properly address the compliance needs and requirements in line with laws, rules, and regulations that best meet the needs of the Group FAB TM Policy and Procedures.


• Perform investigations on alerts escalated in the AML monitoring system.


• Review the RFI responses received.


• Identify the need to file internal Suspicious Transaction Reports (STRs).


• Maintain and build effective relationships with related divisions to ensure effective escalation of issues and proper risk management.


• Assist the AVP – AML Transaction Monitoring in providing timely and accurate compliance advice on any AML monitoring matters raised by the business functions during day‑to‑day operations.


• Keep abreast of related rules, regulations, and best practices pertaining to AML, assess their impact on FAB, and update the AVP – AML Transaction Monitoring accordingly.