Junior AML Analyst - Dubai | Financial Services| Orient Insurane
Job Fit Check
Base Career helps you apply smarter for this job.
Key skills for this role
About the Role
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.
Key Skills for This Role
Full Job Posting
Overview
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.
Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands.
Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Job Role
We are currently seeking a Junior AML Analyst to join our Insurance Division.The Junior Anti Money Laundering Analyst is an entry level role responsible for assisting compliance department in establishing, implementing internal procedures to prevent money laundering and to support the AML compliance department in ensuring that there is a proper framework, governance, and compliance of the Insurance division in line with the AML/CFT regulatory requirements.
Job Responsibilities
- Assisting compliance department in development and implementation of AML policies and procedures
- Regular coordination and follow up with internal departments for obtaining due diligence documents
- Execute Due Diligence activity as per the defined process and regulatory guidelines
- Completion of client risk assessment
- Tracking and management of the various documents as per record retention policy
- Ensure all reporting timelines are met as per agreed Turnaround Time (TAT.
- Screening and Transaction Monitoring Systems Review/Implementation
- Identify Red flags and control issues with respect to KYC/Client on boarding
- Investigate and Preparation of Suspicious Activity Reports and Suspicious Transaction Reports
- Liaise with regulators and supervisors in connection with the AML program and related regulatory issues
- Build strong partnership with Internal Audit, Operations departments, Business development and other stakeholders in connection with the AML Program
- Work with leaders throughout enterprise to resolve efforts to address related open issues in a timely and effective manner
- Responsible to seek AML compliance Advice from the compliance committee, organize and participate in the compliance committee meeting
- Timely filing of regulatory reports with the regulator
- Develop training presentation and conduct training relating to AML/CTF, FATCA & CRS
- Assist in the planning, execution and results analysis of AML compliance reviews
- Work with the business lines during test work to understand control processes and to identify action plans to address control deficiencies
- Communication with various levels of management to ensure AML/CFT compliance
- Maintain ongoing awareness, current knowledge of all applicable internal and external AML compliance regulatory requirements and identifying any issues that could impact the Institution
- Review high risk relationships especially cases that are escalated to Senior Management and ensure that all risks are appropriately highlighted for sign-off
Required Skills To Be Successful
- Language Skills: An exceptional ability in oral and written English
- Excellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressure
- Excellent interpersonal skills and an ability to converse confidently with various levels of management
- Strong AML analysis skills, good knowledge and understanding of industry best practices, internal controls, regulatory requirements
What Equips You For The Role
- Minimum 1 year of AML compliance experience in banking, insurance industry
- Bachelor’s Degree (Commerce or Business Administration)
- Knowledge of transaction monitoring systems and screening tools
- Knowledge of FATCA & CRS regulation
About Orient Insurance Pjsc
Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth.
The Company is counted among the leaders in the UAE insurance market.
Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE.
With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.
For further information, and to apply, please visit our website via the “Apply” button below.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at ACCA Careers
Assistant Manager – Public Sector | ERS (GRC)
Abu Dhabi, UAE
KPMG Lower Gulf seeks an Assistant Manager for its Public Sector ERS (GRC) team in Abu Dhabi. The role involves leading GRC and internal audit engagements for government entities, designing governance frameworks, and sup
Manager - Risk Consulting - FCC
Riyadh, KSA
EY is seeking a Manager for its Financial Services Risk Management practice in Riyadh. The role involves leading Financial Crime Compliance engagements, managing teams, and advising clients on regulatory compliance. Cand
AM FP & A
Abu Dhabi, UAE
A public transport operator seeks an FP&A professional for a 4-month contract (extendable to permanent). The role involves Holdco-level payment processing, month-end close, financial reporting, budgeting, and audit suppo
Senior Manager / Manager, Corporate Finance - Due Diligence
Montreal, CAN
MNP is seeking a Senior Manager for its Corporate Finance Due Diligence group to lead merger and acquisition evaluations, including quality of earnings analysis, financial modeling, and client advisory. The role requires
Manager – Deal Advisory / Transaction Services (Financial Due Diligence)
Abu Dhabi, UAE
KPMG Lower Gulf seeks a Manager for Deal Advisory/Transaction Services in Abu Dhabi, specializing in financial due diligence for energy and natural resources. Requires significant experience in transaction services, stro
Senior Manager, Tax
Ottawa, CAN
MNP is seeking a Senior Tax Manager to join their specialty tax team in Ottawa. The role focuses on providing advisory services for private enterprise, high-net worth, and family office clients, including trust and estat
Tax & Legal Services - ITS/M&A - Deals Tax - Senior Manager (Dubai)
Dubai, UAE
PwC Middle East is seeking a Senior Manager in International Tax Services/M&A to lead strategic engagements and drive complex cross-border transactions. The role involves overseeing M&A tax engagements, designing tax-eff
Manager - Audit, Riyadh
Riyadh, KSA
EY seeks an Audit Manager to lead complex audit engagements in Riyadh, ensuring high-quality delivery and supporting business growth. The role requires managing audit strategies, mentoring junior team members, and buildi
Assistant Manager – Public Sector | ERS (GRC)
Abu Dhabi, UAE
Manager - Risk Consulting - FCC
Riyadh, KSA
AM FP & A
Abu Dhabi, UAE
Senior Manager / Manager, Corporate Finance - Due Diligence
Montreal, CAN
Manager – Deal Advisory / Transaction Services (Financial Due Diligence)
Abu Dhabi, UAE
Senior Manager, Tax
Ottawa, CAN
Tax & Legal Services - ITS/M&A - Deals Tax - Senior Manager (Dubai)
Dubai, UAE
Manager - Audit, Riyadh
Riyadh, KSA