Our client is seeking a Analyst
Responsibilities
AML/CFT Monitoring & Investigations
- Monitor customer transactions across exchange, remittance, and other digital services and investigate unusual or suspicious activities in accordance with AML/CFT requirements.
- Perform customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of high-risk customers and transactions.
- Conduct transaction monitoring and behavioral analysis across exchange, remittance, and digital channels to identify unusual patterns, account misuse, and emerging financial crime typologies.
- Prepare, submit, and follow up on Suspicious Transaction Reports (STRs) and other AML-related regulatory reports with the relevant authorities.
- Escalate significant AML concerns, breaches, or suspicious activities to the Compliance Officer or Alternate Compliance Officer.
Sanctions Screening
- Review and resolve sanctions screening alerts, verify potential matches, and escalate confirmed matches as required.
- Perform periodic testing and validation of sanctions screening effectiveness, maintain evidence of list updates, and ensure alignment with internal policies and applicable requirements.
AML Policies, Procedures & Controls
- Support the development, maintenance, and periodic update of AML/CFT/CPF and sanctions policies, procedures, and controls.
- Assist in embedding AML/CFT/CPF controls into business processes and customer journeys.
AML Reviews, Testing & Risk Assessment
- Conduct AML compliance reviews and risk assessments to identify potential gaps, vulnerabilities, and areas requiring corrective action.
- Conduct periodic testing of AML systems, transaction monitoring scenarios, sanctions screening controls, and customer due diligence processes.
- Track AML-related remediation actions and ensure timely closure of findings.
Reporting & Analytics
- Generate AML and sanctions monitoring reports and provide analysis and recommendations to management.
- Analyze transaction trends, customer risk ratings, and alert volumes across exchange, remittance, and digital channels to identify emerging financial crime risks and recommend enhancements.
Regulatory Engagement & Audit Support (AML Scope)
- Respond to AML-related regulatory inquiries, Internal Enquiry Management System (IEMS) requests, and other financial crime communications.
- Support regulatory examinations, internal audits, and independent reviews on AML/CFT/CPF and sanctions matters by providing required information and documentation.
Stakeholder Support & Training
- Provide AML/CFT/CPF and sanctions guidance to business units and employees.
- Assist in developing and delivering AML training and awareness programs to promote a strong financial crime compliance culture.
- Work closely with Fraud, Operations, Product, Risk, and Regulatory Compliance teams to ensure appropriate escalation and reporting on activities involving financial crime risk.
Records Management & Other Duties
- Maintain accurate AML records and documentation in accordance with legal, regulatory, and company requirements.
- Stay informed of changes in AML/CFT/CPF laws, sanctions regimes, and financial crime typologies relevant to exchange, remittance, and digital business.
- Perform any other AML/CFT/CPF, sanctions, or financial crime duties assigned by the Compliance Officer or Alternate Compliance Officer.
Desired Candidate Profile
- Bachelor’s degree in Finance, Accounting, Business Administration, Law, Economics, or a related field.
- 1–3 years of experience in AML/CFT compliance, risk, audit, banking, exchange, remittance, fintech, or a related function.
- Basic understanding of AML/CFT/CPF principles, sanctions compliance, customer due diligence (CDD), enhanced due diligence (EDD), transaction monitoring, and suspicious transaction reporting.
- Knowledge of UAE AML/CFT regulations and relevant guidance issued by the Central Bank of the UAE (CBUAE), Ministry of Economy, and UAE Financial Intelligence Unit.
- Strong analytical and problem-solving skills with the ability to review and interpret transactional and customer information.
- Strong attention to detail and data accuracy.
- Good organisational and time-management skills.
- Ability to manage multiple tasks and priorities.
- Effective written and verbal communication skills.
- Proficiency in Microsoft Office applications, particularly Excel, Word, and PowerPoint.
- Ability to prepare clear and concise reports and maintain accurate records.
- Ability to maintain confidentiality and handle sensitive information appropriately.
- Ability to work independently as well as collaboratively within a team environment.
- The candidate must be available and able to work in rotating 8-hour shifts in a 24/7 operational environment based on requirements.
- Experience within financial services, banking, exchange houses, remittance businesses, fintechs, or other regulated environments.
- Understanding of UAE financial services operations and customer onboarding processes.
- Exposure to AML transaction monitoring systems, sanctions screening tools, or case management platforms
- Professional certification or progress toward certification such as CAMS, ICA, ACAMS Cryptocurrency Certification, or other relevant financial crime qualifications
- Familiarity with digital payments, stored value facilities (SVF), digital wallets, card issuing, or remittance products
- Experience supporting regulatory audits, examinations, or compliance reviews.
Are you interested in this position?
Apply by clicking on the “Apply Now” button below!
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