AML/CFT Due Diligence Team Lead (Sanctions & KYC)

Oman Arab Bank; Muscat; On-site; OMR 11,535 - 19,225; Full time

Job summary

Oman Arab Bank in Muscat is seeking a professional in the AML-CFT Department to assess risks associated with customers and banks, review sanction transactions, and conduct enhanced due diligence. The ideal candidate will have a degree in Banking, Finance, or Auditing, along with preferred certifications like ICA or ACAMS. Strong communication skills in both Arabic and English, along with teamwork and investigation skills, are essential for the role. The position is critical in ensuring compliance and effectiveness in the bank's AML procedures.

Responsibilities

• Review and clear the sanctions alerts promptly.
• Coordinate with branches and business units on enhanced due diligence.
• Investigate identified suspicious transactions and escalate if required.
• Assist in carrying out additional assignments and tasks.
• Provide guidance to branches and business units on sanctions.
• Review KYC reports and update inaccurate information.
• Conduct KYC review on Banks and Exchange companies.
• Assist in reviewing policies and procedures.
• Create inquiries and respond to received inquiries.
• Prepare periodical reports as required.
• Review the effectiveness of the screening systems.
• Ensure that the sanction lists are updated daily.
• Conduct AML assessments/reviews.

Skills

Effective communication skills (verbal and written)

Teamwork skills

Investigation skills

Reporting skills

Ability to maintain objectivity and policy-based judgement

Good Command in Arabic

Good Command in English

Education

Degree in Banking/Finance/Auditing or equivalent

Professional certifications - ICA or ACAMS preferred

Job description

Oman Arab Bank in Muscat is seeking a professional in the AML-CFT Department to assess risks associated with customers and banks, review sanction transactions, and conduct enhanced due diligence. The ideal candidate will have a degree in Banking, Finance, or Auditing, along with preferred certifications like ICA or ACAMS. Strong communication skills in both Arabic and English, along with teamwork and investigation skills, are essential for the role. The position is critical in ensuring compliance and effectiveness in the bank's AML procedures.