AML Officer

The AML Officer will be responsible for monitoring and analyzing customer transactions to identify suspicious activity and ensure compliance with applicable Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), and regulatory requirements. The AML Officer is responsible for the first-level review of customer transactions flagged by the bank’s monitoring systems. This role ensures alerts are investigated promptly in line with UAE Central Bank AML/CTF regulations and the bank’s internal compliance framework.

Key responsibilities:

• Review and disposition daily alerts generated by the Transaction Monitoring System (TMS) and investigate unusual customer activity.
• Conduct initial investigations by analyzing customer profiles, account activity, and supporting documentation.
• Escalate cases requiring further analysis to L2 investigators or Compliance Manager.
• Ensure adherence to the UAE Central Bank AML/CTF guidelines, including Cabinet Decision No. (10) of 2019 and related notices/circulars.
• Maintain clear and accurate investigation notes and audit trail for each alert closed or escalated.
• Identify data quality issues and raise them to relevant teams for remediation.
• Support the team with preparation of internal compliance reports and assist with regulatory queries when required.
• Participate in ongoing AML training to stay updated with regulatory changes and red flag typologies.
• Escalate suspicious transactions for further review and, where necessary, prepare Suspicious Transaction Reports (STRs) for submission to the regulator (e.g., FIU/GoAML).
• Assist in calibration and testing of transaction monitoring scenarios/rules.
• Maintain accurate documentation of investigations, ensuring audit trail and compliance with internal procedures.
• Contribute to regulatory reporting requirements and assist in responding to queries from regulators or internal audit.
• Collaborate with IT and Compliance teams to address data quality or system-related issues impacting monitoring.
• Keep abreast of evolving AML/CTF regulations, typologies, and industry best practices.

Job Requirements:

• Bachelor’s degree in finance, Accounting, Business, Law, or related field.
• Minimum of 3 years of transaction monitoring.
• CAMS, CFE, ICA Diploma/Certificate, or equivalent AML certification preferred.
• Experience within banking, payments, fintech, or other regulated financial institutions is an advantage.
• Strong understanding of AML/CTF regulations, guidelines, and industry practices.
• Hands-on experience with transaction monitoring systems (e.g., TCS Quartz, Actimize, Mantas, Fircosoft, FICO, or equivalent).
• Analytical mindset with the ability to interpret complex data and identify suspicious patterns.
• Strong report writing and documentation skills.
• Attention to detail and accuracy in investigation and escalation.
• Ability to work under pressure with tight deadlines.
• Excellent communication and interpersonal skills for stakeholder coordination.
• Proficiency in MS Office (Excel, Word, PowerPoint).
• Ability to work under pressure and targeted deadlines.
• Proficiency in English. Arabic as a strong advantage