11 Oct
Abu Dhabi Islamic Bank PJSC
Abu Dhabi
Role: Senior AML Investigator
Location: Abu Dhabi
Role Purpose:
- To ensure compliance and enhance efficiency through executing and monitoring transaction activity performed in branches and business departments.
- To advise and report compliance activities to the Head of Financial Crime and Head of AML & CFT monitoring transactions.
Key Accountabilities of the role:
- Conduct Level 3 AML investigations on cases identified and through other channels like fraud, business, and other external alerts (UAE central bank, other banks, etc.).
- Prepare AML reports like EDD/ISTR/STR.
- Report AML and fraud STRs to the UAE central bank.
- Respond to inquiries from the central bank.
- Liaise with business units for inquiries.
- Provide subject matter expertise within the AML unit and to other business units.
- Make recommendations related to the reporting of suspicious activity through ISTR & STR to the central bank.
- Provide constructive feedback to COC team members based on analysis of escalated cases to improve the quality of level one review and STR escalations.
- Promote teamwork & peer reviews.
- Manage escalations to ensure timely and effective resolution of issues.
- Participate and involve in meetings/workshops/seminars to represent the AML unit.
- Continuously develop professionally through training & professional certifications.
- Involve in team development initiatives through sharing of best practices and knowledge related to AML/CTF.
- Assist the unit head in preparation, finalizing, certification, and re-certification of AML unit SOPs.
- Engage in ad hoc projects and work, actively participating and completing on time.
- Contribute to any new enhancements for the AML system Omni & attending the UATs.
- Coordinate & monitor projects/enhancements with IT & vendors related to the AML transaction monitoring system.
- Manage and/or investigate complex financial crime cases, exhibiting forensic skills and good decision-making skills.
- Improve the investigation of cases and train the branches to provide standard replies to reduce compliance risk.
- Identify process and control gaps, and suggest ways to improve.
- Prepare suspicious transactions/activity reports (STRs) and other written investigative/intelligence products to support judgments, decisions, and recommendations.
- Provide SME feedback to ensure Group AML/CFT policies and procedures remain updated, relevant, and communicated to all stakeholders.
- Implement the AML/CFT program within the Group to address current AML/CFT risks.
Keep abreast of related laws, regulations, and best practices pertaining to AML/CFT and assess their impact on ADIB Group. For International branches and subsidiaries, work with the Head of IBG Compliance and local MLROs to keep the AML/CFT program updated in line with local laws and regulations.
Specialist Skills / Technical Knowledge Required for this role:
- The candidate is expected to have professional qualifications or industry-recognized certifications/diploma in AML/Compliance related fields like ACAMS/ICA/ACFCS/FIBA, etc.
- Excellent communication skills.
- Good knowledge of UAE/international regulations/rules.
- Good knowledge of the bank’s products, policies & procedures.
- Good knowledge of compliance function planning.
- Computer skills – use of applications,
especially Microsoft Office.
- Strong analytical, written, and oral communication skills.
- Analytical mind, good communication, self-motivated, and detail-oriented.
- Ability to multi-task.
- Independence of thought and initiative.
Previous experience required:
3-5 years’ experience in the banking or financial services sector (especially in compliance/operations), of which a minimum of 2 years must have been spent in the AML investigation area.
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