Anti-Money Laundering Officer

Jitendra Consulting Grou

KEY RESPONSIBILITIES:

Senior Anti-Money Laundering Officer/ ACAMS certified

Compliance with the Law:

1. To establish and implement risk assessment procedures of internal control and communication as may be appropriate for preventing and detecting the group being used in AML activities. This will include the application of due diligence measures, enhanced due diligence measures, KYC forms, and ongoing monitoring in respect of its clients, associates, channel partners, and record-keeping procedures.

2. To Read about the UAE Compliance Laws.

2. To ensure minimal risk of sanction breaches and nil risk to the firm’s reputation; directed the entire gamut of operations under the Financial Crime Risk.

3. To research on triggering entities for activities inconsistent with the nature of business; analyzed transactions and counterparties associated with the alerting business.

4. To focus on the resolution of the training challenges faced amid the demanding and ever-changing regulatory requirements.

5. To update sanction list as and when any communication is received from the supervisory authority like but not limited to FIU (GOAML), Sanction list and to act accordingly and to inform the management.

6. To report and discuss any discrepancies (or red flags) with the management and the department in charge with regards to existing Customer's Risk Profile (CRP) and Customer Due Diligence (CDD) conducted.

7. To collaborate with the Supervisory authority and FIU, provide them with all requested data, and allow their authorized employees to view the necessary records and documents that will allow them to perform their duties.

Review, Monitoring, and Enhancement:

1. To coordinate and monitor the Group's day-to-day compliance with applicable AML Laws and Regulations and Groups own AML Policy and procedures in line with the Decree-Law. Propose and update the procedures periodically.

2. To perform periodic reviews & independent analysis including from any group of employees for cases involving suspicious activities, abnormal account behavior, and rapid movement of funds.

3. To conduct employee training programs for appropriate personnel related to the Group AML policy and procedures and maintain records (Presentation/Training manual) evidencing such training.

4. To Review, scrutinize records, receive data and information concerning suspicious transactions from employees or through your research, and take appropriate decisions to either notify the FIU or maintain the transaction with the reasons for maintaining complete confidentiality.

5. To review existing clients for status, data veracity and amendments, status, country of incorporation; assigned appropriate risk classification.

6. To review & closed hits in proprietary tool resulting from daily / officials screening against client’s names in client databases.

Qualification:

8-10 years of Experience in National/Corporate Banks.

ACAMS Certification Mandatory

Job Type: Full-time