Anti-Money Laundering Officer

Transguard Workforce Solutions is the UAE’s leading provider of innovative HR solutions. With over a decade of experience in the region and a knowledgeable team, we offer fully integrated HR services.We are currently seeking a Anti Money Laundering Officer for one of our very well-known client, to be based in their Dubai office.Job Purpose:The role holder is responsible for managing the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) level 2 as well as providing subject matter expertise to senior management and business units.Job Responsibilities:Conduct an in-depth investigation as per the bank’s internal procedures of those alerts which have been escalated as unusual transactions and need to be further reviewed to determine whether they should be reported to the MLRO/DMLRO who would then decide whether to report it as a money laundering suspicious transaction/activity to the UAE Central Bank's Financial Intelligence Unit (FIU).Receive and assign the transactions or activities which have been internally reported as suspicious by the Bank staff to the level 2 team. Document the rationale and analysis of the review conducted by the level 2 to justify the closure or escalation of the case.Oversee the investigations of the more complex investigations which may originate from Senior Management, Whistleblowing or from data analytics, etc. Reviewing all cases generated by AML Level 2, providing case advisory to the team members, concluding the case, and taking decisions.Reviewing staff alerts and closing them within the TAT.Work closely with the AML Manager to assist with day-to-day functions related to the AML Transactions MonitoringAlign with business on any matters escalated and provide necessary support.Review retention cases and take a decision prior to the to the last decision by MLRO or DMLROProvide advice and guidance to all business lines on AML/CFT related issues.Support the team by reviewing suspicious cases when the volume is higher than the average or when there are staffing constraints that would limit the team’s capacity.Log and escalate all AML/CFT breaches or potential breaches.Manage the available resources efficiently and prioritize system enhancement/up-grades.The jobholder is accountable for providing accurate and timely information to the Manager Financial Crime on all AML investigations and for ensuring compliance with relevant local and international laws.To demonstrate integrity, the ability to work independently with minimal supervision, uses specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training and/or certification to monitor and investigate transactions for suspicious activity to ensure compliance with AML rules and regulations.Skills & Qualifications:Bachelor's Degree as a minimum from a recognized university.Must have a background in investigations and a good understanding of AML Red flags.Well versed with banking systems, concepts and banking best practices.At least 3+ years of experience in the banking/financial services sector.Good command of English and Arabic language preferred Analytical and attention to detail.Understanding of account opening process, payment, and card transactionsProblem identification and solving skills.