AVP, AML Transaction Monitoring

Job Specific Accountabilities & Strategic Contribution

• Responsible for owning a segment for 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 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 regu...