, , united arab emirates, United Arab Emirates Unknown Posted Today
$350,000 – $700,000
- Assist Manager in monitoring compliance to statutory regulations/guidance notes issued by the UAE Central Bank &/or other regulatory authorities.
- Must pro-actively and promptly escalation any critical issues to ensure that the bank is not investigated, charged, fined or publicly castigated by either UAE Central Bank or any other regulatory authority.
- Review, assess, and oversee freeze, unfreeze, confiscation, search requests, and other regulatory/LEA cases received through IEMS, CIR/CBR, goAML and relevant channels, ensuring accurate and timely handling in accordance with the AML-RRU SOP and prescribed TATs.
- Overseeing end-to-end case management, including quality review, completeness of responses, appropriate escalation, and timely submission to the respective regulatory authorities and LEAs within stipulated deadlines.
- Train and provide guidance to AML Unit including complex investigation team.
- Manage Team Productivity and meet the required target.
- Manage the available resources effectively by creating a well built and dynamic team.
- Manage complex investigations within AML Unit by providing guidance on 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 senior management in the form of Intelligence / Complex Investigation Reports.
- Support MLRO / Delegate for filing STR / SAR with the FIU
- Engage with First Line of Defense (Business Segments) and Auditors on matters related to financial crime risks, due diligence and customer relationship management
- Graduate with at least 10 years of AML Transactions Monitoring and Investigations experience
- CAMS Certified/other recognized certification is a plus.
- Market knowledge of IT tools/ software used for AML monitoring system.
- Organizational awareness including working knowledge or risks, products, processes, and controls.
- Strong knowledge of AML/CFT regulatory requirements, with particular understanding of regulatory and Law Enforcement Agency (LEA) requirements relating to freeze, unfreeze, confiscation, information/search requests and other regulatory directives.
- Sound understanding of CBUAE, UAE FIU/goAML and LEA requirements, together with applicable AML/KYC policies, procedures and regulatory timelines.
- Good understanding of AML case-management and banking systems, including IEMS, CIR/CBR, goAML, core banking and other relevant investigation/monitoring tools.
- Demonstrable experience handling complex and sensitive regulatory/LEA cases, including freeze, unfreeze, confiscation and information/search requests.
- Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
- Knowledge on Data Management and Data Analytics is a plus.
- Excellent command over spoken and written English.
- Team player and leader, good communication and inter-personal skills.
- Adherer to timelines and ability to work under pressure.