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Head of Anti-Money Laundering
Posted on 7 Mar 2019
Location: Abu Dhabi
Banking and Financial Services
Abu Dhabi, United Arab Emirates
Key Responsibilities will include:

Our client - a large local bank is looking to recruit a Head of Anti-Money Laundering position which will report directly to the Chief Compliance Officer in Abu Dhabi.

This is a sr. position & we are looking for candidates who can manage the Anti-Money Laundering (AML) framework and provide AML regulatory advisory services to ensure awareness and adherence to the AML requirements and proper identification and mitigation of for the bank.

Key Responsibilites:

  • Compliance Advisory: Analyse new or amended AML/CFT regulations (domestic and international), develop policies and procedures and provide advice to the business to ensure compliance with local regulatory requirements.
  • AML/Countering Financing of Terrorism (CFT) Risk Management: Review customer accounts/account opening documentation for irregularities/anomalies related to AML/CFT to ensure Suspicious Transactions (STR)with valid justifications are reported to the Central Bank.
  • Provide guidance on follow-up actions and obtain information from the Business to ensure all enquiries from the Central Bank are responded to within the agreed timescales.
  • Establish and maintain the Bank's Internal Black List in relation to AML/CFT to ensure that the bank’s risk exposure is reduced
  • Investigation: Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions to ensure risks identified are properly mitigated for the bank.
  • Reporting: Manage external communications with Central Bank and correspondent banks to ensure timely responses are provided.
  • Manage suspicious transaction report process, including escalations to Chief Compliance Officer to ensure awareness and report to CB where necessary.
  • External Liaison: Act as an interface between the bank and external regulators and law enforcement on customer related enquiries/investigations and provide information (such as customer account and transaction information, files and documentation) in order to respond to requests for information.

 

Who we're looking for:

 We are looking for candidates who can manage the Anti-Money Laundering (AML) framework and provide AML regulatory advisory services to ensure awareness and adherence to the AML 

What's on offer:
  • Attractive monthly salary.
  • Annual Performance Bonus
  • Family medical insurance.
  • Family air fare allowance.
  • Education Allowance.
Contact
Job Ref: TI-p38h

Your application will be sent to Shahab Mushtaq .