Transaction Monitoring Analyst

Capitex; Sharjah; On-site; AED 200,000 - 300,000; Full time

Job summary

A financial services company in Sharjah is seeking a Transaction Monitoring Analyst for a 12-month contract. The role involves monitoring transactions for compliance with AML regulations, conducting investigations, and preparing reports. Ideal candidates will have prior experience in transaction monitoring and strong analytical skills. This is a fast-paced position requiring effective workload management and excellent communication abilities.

Qualifications

• Experience in AML investigations or financial crime compliance within banking.
• Attention to detail and sound judgement in decision-making.
• Ability to manage workload in a fast-paced environment.

Responsibilities

• Conduct daily monitoring and review of flagged transactions.
• Assess alerts and identify potential red flags.
• Prepare case summaries with recommendations.
• Escalate suspicious transactions to the Compliance team.
• Maintain documentation of investigations.
• Assist in preparing Suspicious Activity Reports (SARs).
• Liaise with internal stakeholders for additional information.
• Support internal process refinement and identify AML risks.
• Stay updated on AML regulations and compliance standards.

Skills

Prior experience in transaction monitoring

Strong understanding of AML frameworks

Analytical mindset

Excellent communication skills

Proficiency in Microsoft Office

Tools

Transaction monitoring systems

Job description

Transaction Monitoring Analyst - 12-Month Contract | Sharjah, UAE

We're seeking an experienced Transaction Monitoring Analyst to join our compliance team in Sharjah on a 12-month fixed-term contract. The successful candidate will play a key role in identifying and investigating unusual or potentially suspicious financial activity to ensure compliance with AML regulations and internal policies.

Key Responsibilities

• Conduct daily monitoring and review of transactions flagged by the bank's AML systems.
• Assess alerts to determine whether activity is consistent with the customer's known profile, identifying potential red flags and patterns of suspicious behaviour.
• Conduct detailed investigations on escalated alerts and prepare comprehensive case summaries with clear recommendations.
• Escalate suspicious transactions to the MLRO or Compliance team in accordance with established procedures.
• Maintain detailed and accurate documentation of all investigations and decisions.
• Assist in the preparation of Suspicious Activity Reports (SARs) when required.
• Liaise with internal stakeholders, including Relationship Managers and Compliance Officers, to obtain additional information for case reviews.
• Support the refinement of internal processes and provide input on emerging AML risks and typologies.
• Stay up to date on AML regulations, local Central Bank guidance, and international compliance standards.

Key Requirements

• Prior experience in transaction monitoring, AML investigations, or financial crime compliance within a banking or financial services environment.
• Strong understanding of AML frameworks, risk indicators, and typologies.
• Analytical mindset with attention to detail and sound judgement in decision-making.
• Excellent written and verbal communication skills.
• Ability to manage workload effectively in a fast-paced environment and meet review deadlines.
• Proficiency in using transaction monitoring systems and Microsoft Office applications.