AML Specialist Dubai UAE

Position: AML Specialist

Date posted: 2023-05-19

Industry: other

Employment type: Full Time

Experience: 4 to 7 year

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 15000

Location: Dubai, United Arab Emirates

Company: Confidential

Description:

AML Specialist Required!!

Location: Dubai, UAE On-site

Duration: 3-months (extendable)

Contractual Assignment

Roles & Responsibilities:

• To conduct end to end KYC Customer Due Diligence (CDD)
• Verify account opening forms have been completed adequately and have been verified
• Conduct Name screening, due diligence, and Adverse Media matches
• Confirming KYC data requirements
• Collecting relevant KYC information as per checklist
• Undertaking research via internal and external sources
• Review AML and Sanctions Questionnaires, if applicable
• Review the appropriateness and completion of the Customer Risk Assessment
• To promote appropriate checks and controls within the team to ensure files are processed correctly
• Verify account opening forms have been completed adequately and have been verified
• Coordinating with RM/ business in obtaining necessary requirements as per CDD process
• Managing the workflow and timely submission to the final approvers.
• Support the Risk & Control Manager to Identify On-boarding & KYC team resource shortfalls against the Department capacity plan
• Support Team Leader assisting with projects/deliverable to meet deadlines
• Identify opportunities for continuous improvements On-boarding & KYC related systems, processes and practices based on risks and control deficiencies identified
• Ensure Management Information (Ml) related to On-boarding & KYC is prepared and presented on a periodic basis
• Implement Group Internal Audit, Regulatory and Group PB & International Compliance (SLOD) recommendations on findings relating to On-boarding and KYC

Minimum Qualification:

 Bachelor’s degree or higher in Management, Banking, Finance, preferably with certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management

Minimum Experience:

• Minimum of 4-7 years of experience in a reputable international bank
• Minimum of 2 years of experience within an AML roles
• Relevant experience (AML/KYC/Compliance related) with understanding of BBU AMLC requirements
• Ability to check and validate KYC documents, strong maker and checker control mid set
• Understanding of the end-to-end KYC and client on-boarding processes
• Proven ability to prioritize competing demand
• Eye for detail and willingness to question current state practices
• Ability to use sound judgment to determine due diligence quality and if meets regulatory standards
• Good knowledge of BBU Banking products
• Must be located in the UAE (Preferred)