Assistant Investigations Manager Commercial Bank of Dubai

Commercial Bank of Dubai is presently hiring suitably qualified and experienced candidate for the job role of Assistant Investigations Manager. The role holder is responsible to review the AML/CFT alerts which have been escalated for further investigation and report to the MLRO or Deputy MLRO those genuine cases for which it should be considered whether the Bank need to file a Suspicious Transaction Report (STR) to the UAE Central Bank’s Financial Intelligence Unit (FIU).

Responsibilities of Assistant Investigations Manager

• 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 Bank’s MLRO or DMLRO. The MLRO or DMLRO would then decide whether to report it as a money laundering suspicious activity to the UAE Central Bank’s Financial Intelligence Unit (FIU).
• Document the rationale and analysis of the review conducted by the role holder to justify the closure or escalation of the alert.
• Document and complete the process as per the Bank’s internal procedures to report STRs to the UAE Central Bank’s FIU once the decision has been taken by the Bank’s MLRO or Deputy MLRO.
• Review responses received from the UAE Central Bank’s FIU on the STRs submitted and inform the MLRO or DMLRO accordingly.
• Provide accurate and timely information to the AML/CFT Manager on all AML investigations.
• Ability to work independently with minimal supervision, uses specialized knowledge and skills in securities and/or banking industry.

Requirements of Assistant Investigations Manager

• · Bachelor’s Degree as a minimum from a recognized university.

• CAMS or ICA or CFCS or CRCMP or any other related certificate is preferred.
• 6+ years of experience in the banking/financial services sector (at least three years within an AML/CFT Compliance role).
• Experience in analyzing and interpreting relevant regulations and regulatory requirements.

Skills and Knowledge Desired

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