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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