AML Compliance Officer 

Job Details

Category:

Finance

Career Level:

Experienced (Non-Managerial)

Experience:

4 Years

Required Qualification:

Holder of a Bachelor Degree

Requires Traveling:

No

Salary:

Salary Not disclosed

Salary Type:

Per Month

Total Vacancies:

1

Skills

excellent oral and written english communicationknowledge of aml laws and regulation / fatfrecommendations of central bank of uaepersuasive communicatorreliableprecisewell organizeddynamiccommitted and a team playercan work under pressureworks with minimal supervision

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 and compliance on-boarding functions including KYC and Customer Due Diligence
• Receive Internal Suspicious Transaction Reports (ISTR) from branches, investigate and report and filing of 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. Tracing structured transactions. Investicate 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.