Senior Officer FCC (AML Investigations) at VAM Systems

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

27 Apr, 26

Salary

0.0

Posted On

27 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

AML Investigations, Compliance Qualification, CAMS, CFCS Certification, AML/CTF Regulations, Analytical Skills, Investigative Skills, Problem Solving, Decision Making, Attention To Details, Independent, Organizing Skills, Team Player, Communication Skills, Time Management, STR Reporting

Industry

IT Services and IT Consulting

Description

Job Description We are currently looking for Senior Officer FCC (AML Investigations) for our UAE operations with the following Skill set and terms & conditions. Education & Qualifications: Tertiary education with a Bachelor’s degree as a minimum Mandatory Compliance qualification or certification mainly CAMS, CFCS certification or any other relevant AML/ Compliance qualifications from an internationally recognized body is a plus Experience: Minimum 5 years' experience in a banking / financial institution environment of which 3 years’ experience should have been in AML Investigations or similar department Other Skills Required for the Job: In depth knowledge of CB UAE and other related AML / CTF regulations Analytical, investigative, problem solving and decision-making skills Attention to details Independent and self-starter Organizing skills Strong team player Good written and oral communication skills Good time management skills and adherence to deadlines Duties and Responsibilities: Monitoring and Reviews Daily reviewing of all transactions generated by the AML monitoring system. Investigating the alerts pertaining to transactions which are suspicious/unclear/doubtful. Generating queries to the RM/Branches to provide the full KYC information and details/justifications/supporting documents of suspicious high value transactions. - Undertaking regular reviews and analysis of alerts, STRs and MIs to identify any trends / typologies requiring actions to be taken to strengthen the AML monitoring controls and suggesting possible mitigation controls Performing periodic analysis of the customers’ accounts to identify any suspicions and investigate whether there are any suspicions to report Where suspicions are identified and investigated and where reporting is required, preparing a Suspicious Transaction Report, submitting it to unit manager / DMLRO for review before escalating to the MLRO for approval When the STR is revised and final approval is obtained, reporting the same on the CBUAE STR system. Ensuring appropriate action and follow up until satisfactory closure to address CBUAE comments/requirements. Undertake the required investigations to respond to the Central Bank Enhanced Due Diligence Requests. Assisting and guiding any Officers in the department with AML investigations and customer/transactions reviews Providing feedback to any Officers in the department regarding the quality of case work performed while ensuring adherence to internal procedures Undertaking tasks as may be required by the line manager or his/her Seniors. Joining time frame: 2 weeks (maximum 1 month) Additional Information Terms and conditions: Joining time frame: maximum 4 weeks

Responsibilities

The role involves daily monitoring and investigation of suspicious or unclear transactions flagged by the AML system, requiring gathering supporting documentation from branches and generating Suspicious Transaction Reports (STRs). Responsibilities also include periodic account analysis, ensuring STRs are finalized and reported on the CBUAE system, and responding to Central Bank Enhanced Due Diligence Requests.