Review system generated alerts against customer data, investigation for potential money laundering, terrorist financing &/or sanctions risks, collect necessary supporting documents, build/maintain investigation and transaction MIS
Perform end to end process for preparation, reporting of STRs/SARs on goAML and monitoring further course of action on the subject case as regards to exit/retention of the client.
Identify and be up to date on the current AML/CTF typologies.
Conduct an in-depth investigation as per the bank’s internal procedures of those alerts which have been escalated as internal STRs from bank stakeholders.
Handling enquiries from Correspondent banks on customer activity and AML/CFT questionnaires.
Perform enhanced due diligence as a Level 2 AML/CFT Investigations Officer; align with line manager to decide whether to report it as a money laundering suspicious activity to the UAE Central Bank’s Financial Intelligence Unit (FIU).
Document the rationale and analysis of the review conducted by the role holder to justify the closure or escalation of the alert.
Interact with business units regarding unusual activities to determine if an appropriate resolution can be reached. The role holder should escalate matters in a timely manner.
Develop and strengthen relationships to promote best practice and ensure a good understanding of AML requirements across the bank.
Provide AML advisory to internal and external stakeholders to comply with the AML/CFT policies and regulations.
Experience And Qualifications
Bachelor Degree holder
4 years experience in the AML field
Has experience in the banking field
Commercial Bank of Dubai is one of the leading banks in the UAE, offering innovative and bespoke personal banking and business banking services, through state-of-the-art digital channels including mobile and online banking and through an extensive branch and ATM network. 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.