| Description: |
Nair Systems is currently looking for Senior Officer FCC (AML Investigations) for our UAE operations with the following Skill set and terms & conditions.
Education & Qualifications:
Tertiary education with a Bachelors degree as a minimum
Mandatory Compliance qualification or certification mainly CAMS, CFCS certification or any other relevant AML/ Compliance qualifications from an internationally recognized body is a plus
Experience:
Minimum 5 years' experience in a banking / financial institution environment of which 3 years experience should have been in AML Investigations or similar department
Other Skills Required for the Job:
In depth knowledge of CB UAE and other related AML / CTF regulations
Analytical, investigative, problem solving and decision-making skills
Attention to details
Independent and self-starter
Organizing skills
Strong team player
Good written and oral communication skills
Good time management skills and adherence to deadlines
Duties and Responsibilities:
Monitoring and Reviews
Daily reviewing of all transactions generated by the AML monitoring system.
Investigating the alerts pertaining to transactions which are suspicious/unclear/doubtful.
Generating queries to the RM/Branches to provide the full KYC information and details/justifications/supporting documents of suspicious high value transactions. - Undertaking regular reviews and analysis of alerts, STRs and MIs to identify any trends / typologies requiring actions to be taken to strengthen the AML monitoring controls and suggesting possible mitigation controls
Performing periodic analysis of the customers accounts to identify any suspicions and investigate whether there are any suspicions to report
Where suspicions are identified and investigated and where reporting is required, preparing a Suspicious Transaction Report, submitting it to unit manager / DMLRO for review before escalating to the MLRO for approval
When the STR is revised and final approval is obtained, reporting the same on the CBUAE STR system.
Ensuring appropriate action and follow up until satisfactory closure to address CBUAE comments/requirements.
Undertake the required investigations to respond to the Central Bank Enhanced Due Diligence Requests.
Assisting and guiding any Officers in the department with AML investigations and customer/transactions reviews
Providing feedback to any Officers in the department regarding the quality of case work performed while ensuring adherence to internal procedures
Undertaking tasks as may be required by the line manager or his/her Seniors.
2) Management Information and Reporting - Maintaining appropriate MIS (daily, monthly, quarterly, annually) of alerts, investigations and STR.
Ensuring proper update of relevant MIS and frequent reconciliation as well as necessary follow-ups on pending items
Ensuring proper reporting of violations of the relevant AML regulations of the Central Bank.
3) Systems and Technology
Assisting in reviewing of the available AML / CTF systems and ensuring proper follow up with IT for any identified gaps or on any ongoing projects
Advising on enhancements of the existing systems or on introducing new technologies
Joining time frame: 2 weeks (maximum 1 month)
Should you be interested in this opportunity, please send your latest resume at nishanthini.suda[at]nairsystems.com
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