Summary
Commercial Bank of Dubai is seeking a Senior Officer, AML & CFT, to support the FIU Manager with investigations referred by regulators and law enforcement. The role involves reviewing transactions and customer activity, preparing EDD reports and investigation findings, and responding to regulatory requests, including through GoAML. The officer will also support STR reporting, regulatory gap assessments, audits and internal quality reviews. Applicants need at least three years of AML/CFT experience, a bachelor's degree, an investigations background and relevant certification; the role is for a UAE national and is based in Dubai.
The posting
As published on cbd.ae. Pulled from the employer's site and shown as they wrote it.
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.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.
Job Purpose
The role holder is responsible for assisting the FIU Manager in investigating cases received from regulators (FIU, CBUAE, Law Enforcement) and conduct in depth investigation and take necessary actions as and when needed.
Principle Accountabilities
- Support the FIU Manager with investigations of regulatory and law enforcement cases
- Conduct detailed AML/CFT investigations on assigned cases
- Engage with regulatory and investigating bodies to provide evidence & take action where necessary
- Review transactions and customer activity to identify suspicious behaviour
- Prepare investigation findings and support regulatory & internal responses
- Review regulations and ensure compliance with internal SOP
- Conduct in-depth investigation and prepare EDD reports to submit to the regulators.
- Prepare MI and reports as and when needed
- Adherence to Maker/Checker activity in IEMS, CIR, GoAML & Various other Forms of communications with regulatory bodies
- Maintain and update MIS
- Manage the GoAML message board, take next course of action based on the request and respond to the RFI within the TAT
- Document and complete the process as per the Bank’s internal procedures to report STRs to the UAE Central Bank's FIU once the decision has been taken by DMLRO or MLRO
- Conduct Gap assessment to new regulations and polices as and when needed
- Prepare and respond to internal QA, Audit as well as external examination as and when required
Experience and Qualifications
- Minimum of 3 years’ experience in an AML/CFT role or equivalent.
- Bachelor's Degree as a minimum from a recognized university.
- Must have a background in investigations and a good understanding of AML/CTF and Financial Crime.
- Well versed with banking systems, concepts, banking best practices
- Certification in investigations or similar work.