Specialist- AML Transaction Monitoring

Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry

PURPOSE OF JOB:

Reporting to the VP – AML Transaction Monitoring, the main responsibilities of this role is to support the business areas covering the AML monitoring activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.

JOB CONTEXT/DIMENSIONS

PURPOSE OF JOB:

Reporting to the VP – AML Transaction Monitoring, the main responsibilities of this role is to support the business areas covering the AML monitoring activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.

JOB CONTEXT/DIMENSIONS

The Specialist – AML, Transaction Monitoring must be able to build and maintain productive business relationships with business stakeholders across the different lines of business and the ability to work cross-functionally across the different lines of business to effectively deliver the role purpose.

TASKS :

• Support the VP – AML Transaction Monitoring as follows:
• Assist in the implementation and monitoring of the framework and plan for AML to properly address the Compliance needs and requirements in line with laws, rules and regulations that best meets the needs of Group FAB TM Policy and Procedures.
• Monitor the pending EDD and internal Suspicious Transactions Reports (STRs) with different teams of AML Operations and KYC.
• As a First line of defence, assist other business stakeholders to identify and analyse business risks.
• Manage customer that are placed under restrictions due to non response to banking queries.
• Assist the VP – AML Transaction Monitoring in maintain timely and accurate Compliance data on wrt to iSTR filed, transactions under process and review at different levels in the unit.
• Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB and update the AVP – AML Transaction Monitoring accordingly.
• Work with VP to maintain policies and procedures.
• Attend to and action requests from Correspondent Banks, Central Bank, Police, Regulators and Government Departments whenever required.
• Execute other duties as directed by the AVP – AML Transaction Monitoring

AUTHORITIES

• The Bank’s Group AML Monitoring Compliance function
• The Bank’s compliance with standards and regulations
• Other authorities as directed by the MLRO of Group Compliance and HoFCC

JOB KNOWLEDGE, SKILLS & EXPERIENCE

• Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
• At least 7 years of banking experience preferably 4-5 years in Compliance and/or Audit in Banks
• Excellent understanding of regional laws and applicable international regulations
• Excellent Knowledge of the AML/CTF applied on different business banking functions.
• Strong interpersonal, people management and facilitation skills
• Team player, able to meet tight deadlines and manage challenging workload
• Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills
• Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
• Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.