Senior Officer AML Commercial Bank of Dubai

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 Monitoring
• Align 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 DMLRO
• Provide 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