Senior Officer AML UAE National

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Responsibilities:

• Conduct an in-depth investigation as per the bank’s internal procedures of those alerts which have been escalated as unusual transactions and need to be further reviewed to determine whether they should be reported to the MLRO/DMLRO who would then decide whether to report it as a money laundering suspicious transaction/activity to the UAE Central Banks Financial Intelligence Unit (FIU).
• Receive and assign the transactions or activities which have been internally reported as suspicious by the Bank staff to the level 2 team.
• Document the rationale and analysis of the review conducted by the level 2 to justify the closure or escalation of the case.
• Oversee the investigations of the more complex investigations which may originate from Senior Management, Whistleblowing or from data analytics, etc.
• Reviewing all cases generated by AML Level 2, providing case advisory to the team members, concluding the case, and taking decisions.
• Reviewing staff alerts and closing them within the TAT.
• Work closely with the AML Manager to assist with day-to-day functions related to the AML Transactions Monitoring
• Align with business on any matters escalated and provide necessary support.
• Review retention cases and take a decision prior to the to the last decision by MLRO or DMLRO
• Provide advice and guidance to all business lines on AML/CFT related issues.
• Support the team by reviewing suspicious cases when the volume is higher than the average or when there are staffing constraints that would limit the team’s capacity.
• Log and escalate all AML/CFT breaches or potential breaches.
• Manage the available resources efficiently and prioritize system enhancement/up-grades
  
  

• Bachelors Degree as a minimum from a recognized university.
• Must have a background in investigations and a good understanding of AML Red flags.
• Well versed with banking systems, concepts and banking best practices
  
  

• At least 3+ years of experience in the banking/financial services sector.
  
  

• Good command of English and Arabic language preferred Analytical and attention to detail.
• Understanding of account opening process, payment, and card transactions
• Problem identification and solving skills.
• Report writing skills
• Analytical skills
  
  

• Team player
• Taking initiative
• Motivated and positive. Assertive and confident.