Junior AML Analyst -Dubai | Financial Services| Orient Insurane

Job Role

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