Compliance Officer – Ref:MGMT/21/02/H2

Job Purpose

To support Manager AML in effective implementation across the Bank of the policies and procedures introduced to comply with the anti-money laundering regulations laid down by UAE Central Bank.

Main Responsibilities and Accountabilities

Under direction of the Manager Compliance.
Review various system generated reports and AML system alerts on large amount transactions / RMs and branches comments on weekly AML Cash review reports, compare the transactions to customer account history and KYC/ AOF parameters and to report unusual transactions to Manager Compliance for obtaining directions and guidance to carry on further investigation and necessary action.
Refer unusual transactions noticed during review of reports/AMLOCK alerts to RM’s/ Branches for getting further information/clarification.
Regular follows up on cases referred to RMs and branches etc.
Carry out ad hoc projects and investigations on suspect accounts, obtain and review documentary evidence and report on the same with conclusions to Manager AML
Review of Free zone/IPEP’s/Offshore /Non Resident/High Risk country nationals KYC’s prior to HOICC approval
Assist in preparing reports of suspicious transactions to UAE Central Bank
Filing of compliance related record
Handling of cases referred by NNYM/other correspondent banks, reviewing accounts, getting information and making draft Replies.
Review and record keeping of cash deposit by third parties intimation received from branches.
Keep abreast of changes in business direction and new business areas of the Bank and ensure that reports to identify potentially suspicious transactions are adapted where appropriate
Visits to Branches and other units, whenever required to ensure that the staff are aware of their responsibilities under AML procedures and to obtain information
Quarterly Reporting and update of Dashboard Information.

Qualifications

University Degree or Equivalent Qualification.
Banking Diploma ACIB, CAIIB or Equivalent, CAMS (Certified Anti-money Laundering Specialist)or qualified Accountant (ACA or Equivalent) and or MBA.
Minimum 5 years all round banking experience with specific knowledge of Retail Banking and Banking operations. Experience in Audit, AML Compliance or Trade Finance would be useful.
OR Audit Experience, preferably including banks, together and an interest to move into a new area and learn about AML.