Senior AML Investigator Abu Dhabi Commercial Bank

Senior AML Investigator at Abu Dhabi Commercial Bank to investigate and report suspicious activity and transaction cases that have been referred by peers or external/internal stakeholders. The vacancy was announced by the company on February 27, 2024.

Responsibilities of Senior AML Investigator

• Monitor the daily investigation activities, detection of transactions related to the crimes of money laundering; financing of terrorism and of illegal organizations in order to report suspicions to the Central Bank Financial Intelligence Unit (FIU) and cooperate with the Competent Authorities in relation to AML/CFT duties.
• Investigate suspicious cases referred by the AML Monitoring unit and cases raised by other external/internal stakeholders in order to ensure escalation of the AML process and support the reporting of such suspicious cases to the Central Bank.
• Take final decisions and consult with the MLRO as needed on suspicious activity reporting to Central Bank in order to meet regulatory obligations.
• Develop and update regulatory and statutory reporting programs, such as suspicious activity report (SAR), liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting.
• Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations.
• Leverage data analysis platforms and review analytics/modeling techniques in order to uncover abnormal financial transactions and complex relationships.
• Analyze trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks.

Reporting

• Review and produce periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO.

System Management

• Ensure ongoing review, assessment, and enhancement of existing system parameters and thresholds in order to improve effectiveness and efficiency.
• Ensure AML model validation is performed to ensure it is calibrated to meet regulatory expectations and international standards

Requirements of Senior AML Investigator

• Minimum Qualifications: Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration.
• Minimum Experience: At least 5 years of experience/exposure to banking transactions, compliance, client acceptance and exposure to regulatory Anti Money Laundering requirements in a Bank.

Skills and Knowledge Desired

• Microsoft Office (Word, Excel and PowerPoint) Understanding of account opening and customer documentation.
• Knowledge of customer transactions and behaviours.
• Exposure to banking transactions.
• Understanding of local/International and Central Bank rules and regulatory requirements.
• Understanding of banking systems, reports and workflows.

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