• Dubai Islamic Bank Careers | AML Transaction Monitoring Officer

    Dubai Islamic Bank Careers | AML Transaction Monitoring Officer

    Location: Sharjah - United Arab Emirates
    Published:

    Job Description

    Dubai Islamic Bank is currently seeking to appoint a AML Transaction Monitoring Officer who will be responsible for the following tasks

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

      AML Monitoring

    • Analyze the transaction filtering / monitoring (AML) alerts within turnaround time, including communication of AML low risk alerts to relevant business segments. Closing alerts based on Business feedback

    • Conduct preliminary investigations on AML alerts for suspicious transaction activity and concluding the alert with proper comments / justification / customer profile.

    • If required, create cases for suspicious AML alerts, raise query to business and maintain proper follow-up, until the case is concluded

    • Escalate unresolved AML alerts and cases to AML Management within the defined timelines

    • To be able to draft STRs to the regulators

    • To conduct AML investigation for cases forwarded by different departments / correspondent banks / Regulator.


    • Swift & Non Swift

    • Analyze and respond to SWIFT and Non-SWIFT (WU, INR, etc.) alerts, based on name screening in the system, within the required timelines with no errors.

    • Analyze and communicate any unusual remittances, while performing SWIFT and Non-SWIFT related payment messages and raise issues accordingly

    • To be able to work on late shifts and report to office on Saturdays (as per swift roaster)

    • In exception cases, may report to office on off days for handling urgent / critical / essential swift transactions

    • Other Activities

    • To be able to complete the assigned task within the deadline and to put extra manning hours, whenever required.

    • Maintain and update proper log, follow-ups, preparing MIS of pending AML alerts, swift, queries or other activities for AML Management reporting.

    • Provide suggestion for enhancement of AML / Sanction screening or other compliance related systems and processes. In addition being involved in necessary UATs

    • To be able to support the unit in terms of providing Backups, as and when required


    Job Requirements

    • Bachelor’s degree.

    • 1-2 years’ experience in Banking Compliance.

    • Analytical Thinking

    • Regulatory and Compliance Knowledge.

    • Compliance due diligence Process

    Job Details

    Company/Organization: Dubai Islamic Bank - DIB

    Employment Type: Full-time

    Job Location: Sharjah, United Arab Emirates

    Application Deadline: N/A

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