Analyse customer transaction trends to identify potentially suspicious activities from a financial crime perspective and take appropriate actions
Ensure the quality, timeliness, and accuracy of transaction reviews for customer accounts
Conduct thorough due diligence to identify and address red flags effectively
Collect and maintain documentary evidence for suspicious transactions and ensure proper record-keeping for reported cases
Prepare Suspicious Transaction Reports (STRs) and submit them accurately through the CB-UAE portal
Perform periodic reviews of high-risk clients to detect potential suspicious activities
Stay updated on money laundering and terrorist financing issues, including related policies, procedures, regulations, industry best practices, criminal typologies, and emerging trends
Assist in identifying systemic control weaknesses within the AML unit and suggest improvements
Execute tasks and instructions from supervisors in a timely and efficient manner
Identify compliance risks, gaps, or issues within the organization and conduct root cause analysis of non-compliant incidents to recommend effective solutions.
What You Should Have
Bachelor’s degree in finance, Business, or a related field
At least 2 years of experience in an AML compliance role
Strong analytical skills
Understanding of marketplace AML issues, topologies & AML suspicious activity transaction
Understanding of banking, payment systems, KYC requirements & and CB-UAE regulations on AML
Partner with business units to drive a strong culture of compliance.
Identifying Issues by finding compliance risks, gaps, or issues within the organization
An analysis of the root causes of non-compliant incidents to develop effective solutions.
