UAE National Only, Compliance Officer-AML

Mashreq Bank PSC; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in the UAE is seeking an AML compliance professional to review and analyze alerts, prepare Suspicious Activity Reports, and assist the AML Investigation Team. The ideal candidate will conduct enhanced due diligence on high-risk customers, investigate complex financial crime cases, and develop AML policies in alignment with regulatory changes. This role requires strong analytical skills and attention to detail in monitoring transactions for potential financial crimes.

Responsibilities

• Review and analyze alerts triggered in SAS for AML compliance.
• Prepare Suspicious Activity Reports for submission to CB.
• Assist AML Investigation Team with quality analysis of cases.
• Highlight key financial crime risks to management.
• Develop and update AML policies and procedures to meet regulations.
• Conduct enhanced due diligence on high-risk clients.
• Investigate cases of money laundering and sanctions breaches.
• Monitor transactions using AML tools.

Job description

• Review and analyze the alerts triggered in SAS as per the AML SOP within the stipulated TATs.
• Prepare the Suspicious Activity Report and submit to CB on timely manner.
• Assist the AML Investigation Team by providing a complete quality analysis for the reviewed cases at the analysis stage.
• Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the Line Manager and/or Head of Transactions Monitoring/delegate.
• Assist in the development, review, and updating of AML policies, procedures, and SOPs to align with regulatory changes.
• Conduct enhanced due diligence (EDD) on high-risk customers and transactions.
• Investigate complex cases involving potential money laundering, terrorist financing, or sanctions breaches.
• Monitor customer transactions for patterns indicative of financial crime using various AML tools and systems.