AML Compliance Officer wanted at GCC Exchange

AML Compliance Officer wanted at GCC Exchange

The Job: AML Compliance Officer

Job Description

  • Carrying out the compliance function of the organization to ensure the day today functions are adhering to the CBUAE/UAE governmental regulations and law
  • Administration of compliance monitoring and compliance on-boarding functions including KYC and Customer Due Diligence
  • Receive Internal Suspicious Transaction Reports (ISTR) from branches, investigate and report and filing of Suspicious Transaction Report (STR) to CBUAE, if required
  • Correctly filing with the CBUAE any periodic reports required by them
  • Monitoring and testing of transactions. Monitoring trade based money laundering. Tracing structured transactions. Investicate research and take action for the exceptions for name clearance & monitoring of payment transactions. Maintain appropriate records and arrange monitoring of suspect accounts periodically.
  • Providing periodical training to the entire staffs of the organization
  • Advise the business regarding the AML aspects in relation to the development of new products / services in new and existing markets.
  • Provide support and advice to other departments in relation to the application of rules and regulations to their function.
  • Monitor the performance of the AML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
  • Should be familiar with branch operations.
  • Review and address AML & Watch list and alerts. Update the blacklists on a regular basis.
  • Liaison with the compliance department of the correspondent bankers and satisfactorily answer any queries posed.
  • Other duties as assigned.

Desired Profile:

  • Holder of a Bachelor Degree
  • At least four to five years of related experience in bank/ money exchange field

Preferred Skills:

  • Excellent oral and written English communication skills
  • Knowledge of AML Laws and Regulation / FATF Recommendations of Central Bank of UAE.
  • Persuasive communicator.
  • Reliable, precise, well organized.
  • Dynamic, committed and a team player.
  • Can work under pressure and in a fast-paced environment.
  • Works with minimal supervision.


November 9, 2018

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