Senior Analyst - AML Investigations

Senior Analyst - AML Investigations for (UAEN)

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area, Group Compliance & Governance:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include:

• Review and analyse alerts generated by transaction monitoring systems to identify potentially suspicious activities and escalate cases for further investigation.
• Conduct thorough investigations of escalated cases by gathering relevant data, interviewing stakeholders, and documenting findings to support decision-making and regulatory reporting.
• Evaluate AML risks and recommend control enhancements to mitigate potential threats
• Analyse customer behaviours and transaction patterns to detect emerging risks
• Prepare and submit Suspicious Transaction Reports (STRs) to the relevant authorities (CBUAE) assist with addressing queries from corresponding Banks relating to money laundering and sanctions matters, carry out freezing of funds and blocking of accounts, respond to and raise Requests for Information (RFIs) from other Banks on anti-money laundering and sanctions in accordance with regulatory timelines and internal procedures to avoid penalties.
• Determine exit strategy for flagged customers and report to CBUAE and update MIS to ensure effective closure of accounts, mitigate anti money laundering, KYC and sanctions risks in the organization.
• Maintain accurate and comprehensive records of investigations, decisions, and communications to ensure audit readiness and compliance.

The ideal candidate should have the following experience

• At least 4 years of experience in AML/Financial Crime Investigations.
• Bachelor’s Degree.
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent.
• Knowledge of customer transactions, behaviours and known AML typologies.
• Understanding of local/international and Central Bank rules and regulatory AML requirements.
• Understanding of account opening and customer documentation.
• Understanding of Banking systems, reports and workflows.
• Project management.
• Microsoft Office Suite (Word, Excel and PowerPoint).

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.