Anti-Money Laundering Officer

Overview

Job Description

What You Will Do

• Collect, review, and validate FATCA and CRS self-certification forms and KYC documentation.
• Perform due diligence on clients to determine FATCA & CRS status and ensure completeness of tax residency information.
• Assisting compliance department in development and implementation of AML, FATCA & CRS policies and procedures.
• Coordinate internally and externally to obtain required KYC and tax information for onboarding and ongoing AML, FATCA, CRS compliance.
• Maintain accurate records and tracking of AML, FATCA & CRS documentation as per record retention policies.
• Preparation and submission of AML, FATCA and CRS regulatory reports to relevant authorities.
• Participate in training programs related to AML, FATCA & CRS compliance.
• Maintain ongoing awareness of all internal and external AML, FATCA CRS compliance requirements.
• Identify and escalate any gaps or issues in client information, documentation, or compliance processes.
• Assist in responding to regulatory queries and audits regarding AML, FATCA and CRS.
• Develop training presentation and conduct training relating to AML, FATCA & CRS.
• Ensure reporting deadlines are met as per agreed turnaround times (TATs).
• Required Skills to be successful
• Minimum 1 to 2 years of AML, FATCA & CRS compliance experience in insurance, banking, or financial services in the UAE.
• Bachelor’s degree in law, commerce, Business Administration, Finance, or related field.
• CAMS, ICA, or equivalent certifications are preferred.
• Good interpersonal skills and the ability to effectively communicate with internal stakeholders and clients.
• Excellent organizational skills and time management skills, with the ability to prioritize tasks under pressure.
• Strong analytical skills, good knowledge and understanding of industry best practices, internal controls, regulatory requirements.
• Knowledge of FATCA, CRS and KYC regulation.

About Orient Insurance Pjsc