✨ AI Summary
The Compliance Officer (Emiratisation) is responsible for reviewing and analyzing alerts from the SAS AML system according to SOPs and within stipulated turnaround times. This role involves preparing Suspicious Activity Reports for submission to the Central Bank, assisting the AML Investigation Team with quality analysis, and identifying Financial Crimes risks. The officer will also contribute to updating AML policies and procedures, conducting enhanced due diligence on high-risk customers, and investigating complex financial crime cases. The position requires monitoring customer transactions for suspicious patterns using AML tools and systems.
Key qualifications include being a UAE national with a graduate degree and 3 years of experience in AML Transactions Monitoring. A CAMS certification is a plus. The role demands market knowledge of AML monitoring software, a strong understanding of local AML/CFT rules and international best practices, and organizational awareness of risks and controls. Proficiency in MS Excel and Business Object reports, along with good spoken and written English, is necessary. Essential soft skills include being a team player with good communication and interpersonal skills, the ability to adhere to timelines and work under pressure, customer focus, attention to detail, and analytical thinking.
Requirements
The candidate must be a UAE national, a graduate with 3-4 years of experience in AML Transactions Monitoring. Knowledge of IT tools for AML monitoring, local AML/CFT regulations, banking practices, and MS Excel/BO reports is required. Strong communication, analytical, and attention to detail skills are essential.
Description
Responsibilities
- 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.
Experience
- Graduate with 3 years of AML Transactions Monitoring.
- CAMS Certified/other recognized certification is a plus.
- Market knowledge of IT tools/ software used for AML monitoring system.
- Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- Organizational awareness including working knowledge or risks, products, processes and controls.
- Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
- Good command over spoken and written English.
- Team player, good communication and inter-personal skills.
- Adherer to timelines and ability to work under pressure.
- Customer Centric/Focus.
- Attention to details & quality.
- Analytical thinking.