• Carrying out the compliance function of the organization to ensure the day-today functions are adhering to the CBU governmental regulations and law
• Administration of compliance monitoring, compliance onboarding functions including KYC and Customer Due Diligence
• Receive Internal Suspicious Transaction Reports (ISTR) from branches
• Investigate, Report, and file 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 and tracing structured transactions.
• Investigate 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.
1) Bachelor`s Degree with CAMS Certification Mandatory additional a specific certification in any A compliance courses (CFR, ICA, etc). 2)
2) Central Bank UAE approved.
3) 4 to 5 years of experience in the UAE in the Money Exchange field.
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