Officer, AML STR Reporting (UAEN)

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

The role holder is responsible for conducting a first level review of the alerts triggered as suspicious or unusual by the AML transaction monitoring system. The role holder would need to determine whether to close the suspicion as a false positive or escalate the case as a potential genuine alert to the AML/CFT Investigations Senior Officers for further review.

Responsibilities:

• Conduct an in-depth analysis as per the Bank’s internal procedures of assigned AML alerts which have been triggered by the automated transaction monitoring system in order to identify genuine suspicious or unusual transactions.
• Document the rationale and analysis of the review conducted by the role holder to justify the closure or escalation of the alert.
• The jobholder is required to interact with all Departments/branches and functions of the Bank that may require advice (e.g. Business Lines, Credit, Operations, and Branches etc.)
• The job holder is required to analyze alerts, manage investigations, and take the necessary action, i.e. file internal STRs.
  
  

Requirements:

• Bachelor's Degree as a minimum from a recognized university.
• Must have a background in investigations and a good understanding of AML Red flags.
• Well versed with banking systems, concepts, banking best practices
• Certification in investigations or similar work.
• Minimum of 1 years’ experience in an AML/CFT Investigations role.
• Good written and oral communication.
• Planning and organizing skills
• Report writing skills
• Analytical skills