AVP, AML Transaction Monitoring
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Key skills for this role
About the Role
Responsible for AML alerts, investigations, and compliance, requiring strong communication, managerial skills, and experience in transaction monitoring and financial crime.
Key Skills for This Role
Responsibilities
- Own a segment for AML alerts and investigations, ensuring timely review per CB UAE guidelines.
- File Suspicious Transaction Reports (STR) with Group MLRO before submission to CBUAE.
- Manage correspondent banking alerts and work with FI partners on queries.
- Authorize restrictions on customer accounts where money laundering concerns are suspected and recommend client exits if required.
- Test and provide feedback on new scenarios, threshold limits, and undertake impact assessments.
- Support CB UAE audits and process walkthroughs.
- Train resources on new scenarios and emerging typologies.
- Review periodic circulars from Central Bank and amend procedures to align with regulatory environment.
- Collaborate with business to manage client experience while handling AML queries.
- Work with technology to measure appropriateness and screening capabilities of product platforms.
- Identify automation and tuning opportunities to bring efficiency.
- Define training and competency framework for AML Teams Onshore/Offshore.
Requirements
- Bachelor's degree or higher in management, banking, finance, or related field
- ACAMS certification
- Minimum 8 12 years of experience in a reputed bank with at least 5 years in AML/Group Compliance function
- Excellent communication skills, written and spoken
- Experience handling large teams across different locations
- Positive and enthusiastic attitude
- Excellent interpersonal and managerial skills
Full Job Posting
Job Specific Accountabilities & Strategic Contribution
- Responsible for owning a segment for their AML alerts and investigations.
- Ensuring timely review of all alerts and investigations as per CB UAE guidelines.
- Responsible for filing STR with Group MLRO before they are sent to CBUAE.
- Management of correspondent banking alerts and working with FI partners of the bank with the queries.
- Authorizing restrictions on the customer account where money laundering concerns are suspected and recommending client exits if required.
- Testing and providing feedback on new scenarios, threshold limits and undertaking an impact assessment.
- Supporting CB UAE audits and process walk throughs.
- Training of resources with new scenarios and emerging typologies.
- Review of the periodic circulars issued by the Central Bank and making amendments to the procedures and controls.
- Active collaboration with business to manage client experience while handling of the AML queries and other control environment.
- Stay abreast with the control environment, control appropriateness and effectiveness and control testing tools and techniques.
- Work with technology in measuring the appropriateness and screening capabilities of the product platforms with the Surveillance systems.
Minimum Qualification
- Bachelor's degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk management.
- ACAMS certification.
Technical Competencies/ Experience
- Minimum of 8 12 years of experience in a reputed bank with min of 5 years of exp in AML/Group Compliance function.
- Excellent communications skills, written and spoken.
- Experience to handle large teams and different locations.
- Positive and enthusiastic attitude.
- Excellent interpersonal and managerial skills.
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