Summary
Location
Dubai
Type
full-time
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About this role
Job Description
We are currently looking for Senior Officer FCC (AML Investigations) for our UAE operations with the following Skill set and terms & conditions.
Education & Qualifications:
- Tertiary education with a Bachelor’s degree as a minimum
- Mandatory Compliance qualification or certification mainly CAMS, CFCS certification or any other relevant AML/ Compliance qualifications from an internationally recognized body is a plus
Experience:
- Minimum 5 years' experience in a banking / financial institution environment of which 3 years’ experience should have been in AML Investigations or similar department
Other Skills Required for the Job:
- In depth knowledge of CB UAE and other related AML / CTF regulations
- Analytical, investigative, problem solving and decision-making skills
- Attention to details
- Independent and self-starter
- Organizing skills
- Strong team player
- Good written and oral communication skills
- Good time management skills and adherence to deadlines
Duties and Responsibilities:
- Monitoring and Reviews
- Daily reviewing of all transactions generated by the AML monitoring system.
- Investigating the alerts pertaining to transactions which are suspicious/unclear/doubtful.
- Generating queries to the RM/Branches to provide the full KYC information and details/justifications/supporting documents of suspicious high value transactions. - Undertaking regular reviews and analysis of alerts, STRs and MIs to identify any trends / typologies requiring actions to be taken to strengthen the AML monitoring controls and suggesting possible mitigation controls
- Performing periodic analysis of the customers’ accounts to identify any suspicions and investigate whether there are any suspicions to report
- Where suspicions are identified and investigated and where reporting is required, preparing a Suspicious Transaction Report, submitting it to unit manager / DMLRO for review before escalating to the MLRO for approval
- When the STR is revised and final approval is obtained, reporting the same on the CBUAE STR system.
- Ensuring appropriate action and follow up until satisfactory closure to address CBUAE comments/requirements.
- Undertake the required investigations to respond to the Central Bank Enhanced Due Diligence Requests.
- Assisting and guiding any Officers in the department with AML investigations and customer/transactions reviews
- Providing feedback to any Officers in the department regarding the quality of case work performed while ensuring adherence to internal procedures
- Undertaking tasks as may be required by the line manager or his/her Seniors.
Joining time frame: 2 weeks (maximum 1 month)
Additional Information
Terms and conditions:
Joining time frame: maximum 4 weeks
Other facts
About VAM Systems
VAM Systems is a Business Consulting, Technology Solutions and Professional Services organization working with major organizations in USA, UAE, Bahrain, India, Singapore and Australia.
Delivers leading edge information and communication technology based business solutions to enable our clients to continuously stay ahead and achieve sustainable profit and consistent growth by leveraging new channels of customer engagement and service delivery as well as better and efficient employment of resources and processes with measurable parameters for performance. While our local presence assists us in better understanding of the local needs, our global presence assist us to offer solutions strengthened by experience in leading markets globally.
What you'll do
- The role involves daily monitoring and investigation of suspicious or unclear transactions flagged by the AML system, requiring gathering supporting documentation from branches and generating Suspicious Transaction Reports (STRs). Responsibilities also include periodic account analysis, ensuring STRs are finalized and reported on the CBUAE system, and responding to Central Bank Enhanced Due Diligence Requests.
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