Position Overview
Job Specific Accountabilities & Strategic Contribution - Responsible for owning a segment for their AML alerts and investigations
- Ensuring timely review of all alerts and investigations as per CB UAE guidelines
- Responsible for filing STR (Suspicious Transaction Report) with Group MLRO before they are sent to CBUAE
- Management of correspondent banking alerts and working with FI partners of the bank with the queries
- Authorizing restrictions on the customer account where money laundering concerns are suspected and recommending client exits if required.
- Testing and providing feedback on new scenarios, threshold limits and undertaking an impact assessment
- Supporting CB UAE audits and process walk throughs
- Training of resources with new scenarios and emerging typologies
- Review of the periodic circulars issued by the Central Bank and making amendments to the procedures and controls to align them with...