REF 1511005
19.04.2024 | Dubai | full time
- General
- Location: Dubai
- Occupancy: full time
- Description
- Job Description:
Carrying out the compliance function of the organization to ensure the day today functions are adhering to the CBUAE/UAE governmental regulations and law
Administration of compliance monitoring, compliance on-boarding functions including KYC and Customer Due Diligence
Receive Internal Suspicious Transaction Reports (ISTR) from branches
Investigate, Report and file Suspicious Transaction Report (STR) to CBUAE, if required
Correctly filing with the CBUAE any periodic reports required by them
Monitoring and testing of transactions.
Monitoring trade-based money laundering and tracing structured transactions.
Investigate research and take action for the exceptions for name clearance & monitoring of payment transactions.
Maintain appropriate records and arrange monitoring of suspect accounts periodically.
Providing periodical training to the entire staffs of the organization
Advise the business regarding the AML aspects in relation to the development of new products / services in new and existing markets.
Provide support and advice to other departments in relation to the application of rules and regulations to their function.
Monitor the performance of the AML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
Should be familiar with branch operations.
Review and address AML & Watch list and alerts. Update the blacklists on a regular basis.
Liaison with the compliance department of the correspondent bankers and satisfactorily answer any queries posed.
Other duties as assigned.
Desired Profile:
• Holder of a bachelor’s degree and the qualification requested by the Central Bank of United Arab Emirates to be assigned as Compliance officer and perform the work of AML
• At least FOUR to FIVE years of related experience in bank / money exchange field IN UNITED ARAB EMIRATES
• Holder of CMAS Certificate (Certified Anti-Money Laundering Specialist)
Preferred Skills:
Excellent oral and written English communication skills, Arabic Speakers are preferred
Knowledge of AML Laws and Regulation / FATF Recommendations of Central Bank of UAE.
Persuasive communicator.
Reliable, precise, well organized.
Dynamic, committed and a team player.
Can work under pressure and in a fast-paced environment.
Works with minimal supervision.
- Requirements
- Experience in UAE required
- Bachelor Degree required
- Arabic is an advantage
- UAE driving license required
- Provisions
- Salary: to be discussed
- Housing allowance provided
- Publisher
- recruitment agency
- up to 50 employees