Specialist- AML Monitoring QC (Emiratized Role)

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

PURPOSE OF JOB:

Reporting to the AVP – AML Quality Check & Training, the main responsibility of this role is to support the business areas covering the AML monitoring activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.

 

TASKS :

• Support the AVP – AML Quality Check & Training as follows:
• Assist in the implementation and monitoring of the framework and plan for AML to properly address the Compliance needs and requirements in line with laws, rules and regulations that best meets the needs of Group FAB TM Policy and Procedures.
• Perform quality checks on alerts actioned in AML monitoring system and identify the need to file internal Suspicious Transactions Reports (STRs)
• Assessing conformance with relevant Group Compliance Policies and Procedures i.e. Transaction Monitoring Procedures
• Efficiency and effectiveness of controls used to mitigate the risks 
• Identify deficiencies and inaccuracies in the assessed activities
• Provide training to staff compliance awareness to applicable TM and FCC related procedure.
• Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved and risk managed.
• Assist the AVP – AML Quality Check & Training in providing timely and accurate Compliance advice on any AML monitoring matters raised by the business functions on day-to-day operations.
• Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB and update the AVP – AML Quality Check & Training accordingly.
• Provide Timely response for Compliance clearance requests.
• Execute other duties as directed by the AVP – AML Quality Check & Training

AUTHORITIES

• The Bank’s Group AML Monitoring Compliance function
• The Bank’s compliance with standards and regulations 
• Other authorities as directed by the MLRO of Group Compliance and HoFCC

 

• Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
• At least 5 years of business experience preferably in Compliance and/or Audit in Banks
• Excellent understanding of regional laws and applicable international regulations
• Excellent Knowledge of the AML/CTF applied on different business banking functions.
• Strong interpersonal, people management and facilitation skills
• Team player, able to meet tight deadlines and manage challenging workload
• Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills
• Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
• Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.