Expert of AML/CFT Market Surveillance

Job Overview:

This role is conducted within the vision, mission, and strategic plan of the Insurance Authority. The Expert of AML/CFT Market Surveillance safeguards the Authority’s trading and transaction ecosystem by applying advanced analytics to detect, investigate, and mitigate illicit-finance risks. Reporting to the Manager of AML/CFT Market Surveillance, this role will drive alert investigations, calibrate data-driven detection models, and prepare regulatory submissions that satisfy FIU standards. As a subject-matter authority, the incumbent analyses multi-asset data sets to uncover emerging typologies, refines governance documentation, and mentors stakeholders on evolving risks. Continuous improvement initiatives and cross-functional collaboration enhance detection efficiency, fortify compliance, and sustain market confidence in the Authority’s AML/CFT framework.

Responsibilities and Tasks:

• Analyze daily surveillance alerts across trading, payment, and securities datasets, determine true positives, and escalate confirmed suspicious activity to the Manager of AML/CFT Market Surveillance.
• Perform holistic case reviews by corroborating transactional evidence with customer risk profiles, KYC information, and market behavior patterns.
• Document investigation outcomes in the case-management system with clear rationale, ensuring audit-ready records that meet regulatory retention standards.
• Extract, cleanse, and enrich large volumes of market and transaction data to identify anomalies indicative of money-laundering or terrorist-financing schemes.
• Conduct periodic back-testing and statistical tuning of scenario thresholds, rules, and machine-learning models to optimize detection effectiveness and minimize false positives.
• Prepare data-quality dashboards and recommend enhancements to data feeds, reference tables, and analytics logic to the Technology & Data Engineering teams.
• Draft Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) that satisfy FIU schema requirements and submit them for managerial approval within prescribed timelines.
• Maintain comprehensive procedural documentation, flowcharts, and risk assessments to evidence compliance with national AML/CFT regulations and the Authority’s internal control framework.
• Liaise with Market Operations, Licensing, and Enforcement units to obtain contextual information and ensure consistent treatment of surveillance findings.
• Deliver focused knowledge-sharing sessions and create typology briefs to upskill junior analysts and cross-functional colleagues on emerging AML/CFT threats.
• Monitor key risk indicators (KRIs) and prepare monthly performance reports, highlighting thematic issues and recommending remedial actions to the Manager.
• Support internal and external audit exercises by collating evidentiary artefacts, explaining surveillance methodologies, and tracking the timely closure of findings.
• Perform other job duties as assigned.

Competencies required:

Core competencies

• Ethics & Integrity (Beginner)
• Effective Communication (Beginner)
• Collaboration & Horizontality (Beginner)
• Personal Competence (Beginner)
• Analysis and Problem Solving (Intermediate)

Technical competencies

• AML Risk Profiling (Intermediate)
• Risk Model Oversight (Intermediate)
• Data Analytics for AML (Intermediate)
• Market-Wide Risk Scoring (Intermediate)
• Engagement Planning (Intermediate)

Job requirements:

Educational Qualifications (required)

• Bachelor’s Degree in Business Administration, Finance, Accounting, or related field
• Master’s degree preferred

Certifications (required)

• Relevant Professional Certificate is preferred

Experience

• 4+ years with Bachelor’s degree, 2+ years with Master’s degree.
• Position relevant experience is required.

Language

(A1-A2: Basic, B1-B2: Intermediate, C1-C2: Fluent)

• English (C1), Arabic (C2)