Senior AML Officer

Job Description

JOB PURPOSE: Perform the day-to-day related activities that ensures implementation of all AML/CFT Policies and Procedures including but not limited to transaction monitoring (TM) and customer screening.Review and appropriately action assigned TM and screening alerts, and any highlighted suspicious transaction(s) within the agreed SLA.Assist in the preparation of the required management information reporting data to Senior Management, Board of Directors and/or Regulator, as applicable.Assist in the investigation, reporting and resolution of discrepancies and irregularities arising from failure on process, oversight, system, etc.Attend all Mandatory and related training to attain insight of Magnatis businesses, products, services as well as compliance requirementsMaintain an ongoing relationship and work in close contact with Business and other relevant functions to ensure appropriate support is provided on pending documents, follow-ups, and on-going investigations, among others.KEY ACCOUNTABILITIES: Strategic ContributionSupport the implementation of Compliances AML/CFT and Sanctions program.Participate in various change management programs with respect to operational processes, policies, data quality, and any other relevant departmental strategies.Identify, analyse, report and explore proposed course of actions to line management inrelation to changes in AML/CFT and Sanctions program and system issues.People ManagementNot applicableBudgeting and Financial PlanningNot applicablePolicies, Systems, Process & ProceduresSupport Compliance Team in the implementation of AML/CFT and Sanctions policies, procedures, and processes.Continuous ImprovementIdentify opportunities for continuous improvement related to systems, processes and practices based on deficiencies identified, if any.ReportingAssist in the preparation of any regular or ad-hoc report requests including MI.Job Context Appropriate closure of assigned TM and screening alerts within the agreed SLAConduct initial review of any unusual transaction highlighted by Business, investigate and request additional information or supporting documents as required, and if need be, escalate to AVP - KYC, AML and Sanctions Compliance.Perform customer screening on scheduled, periodic and ad-hoc basis.Be the first set of eyes on the periodic testing of activity (RCSA), to ensure that the day-to-day related activities are performed as per the departments standard operating procedures (SOP) and any irregularities are highlighted within the established time period.Follow up on any missing information or documents requested by the AML staff for the resolution of TM or customer screening alerts.Responsible for the preparation of STR report on suspicious transactions and freezing action(s) report on confirmed matches against the UN consolidated list and UAE terrorist list.Provide on-going support to ensure that the version and functionality of TM and customer screening technology solutions are maintained and kept up to date.Support the Compliance team on performing the annual company-wide AML/CFT Risk AssessmentSupport the Compliance team on all on-going and upcoming project and tasks assigned.Monitor, ensure timely escalation and own proposed course of actions to line supervisor to addressidentified risks and red flags, if any, that has potential ML/FT and Sanctions risk exposure. QualificationsQUALIFICATIONS & EXPERIENCE: Core CompetenciesAn understanding of AML/CFT and Sanctions regulations and legislations/laws.Proficiency in Microsoft Word, Excel, Outlook and PowerpointWell-developed interpersonal, problem-solving, and time-management skillsStrong ability to work as a team player.Ability to cope with and thrive in a non-routine environment and think creativelyGood written and verbal skillsMinimum QualificationBachelors degree or higher.Certification(s) in AML and Compliance or similar are preferable.Minimum ExperienceMinimum of 5 years of working experience in a financial institution including bank and non-bank financial institutions with a combination of experience in Compliance (FCC, Regulatory and Business Compliance Experience), payments, retail banking products like credit cards, prepaid/WPS cards and E-wallets.

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About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.