Home UAE Transaction Investigator - Buna

Home UAE Transaction Investigator - Buna

Transaction Investigator - Buna

Full time at Arab Monetary Fund in UAE
Posted on October 25, 2020

Job details

Duties of the Transaction Investigator include ensuring that activity within the Buna is compliant with pertinent laws, regulations and guidelines including AML / CFT. The job holder is also responsible for investigating suspicious transactions and creating, monitoring, and delivering Suspicious Activity Reports (SAR) to Buna's management. This position will report to the Chief Risk and Compliance Officer. In this context, the following sections detail the main job responsibilities, qualifications and skills related to the Transaction Investigator position: Job Responsibilities Data Analysis and Interpretation

  • Review and analyze transactional data for potential suspicious activity, including those generated from an alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable
  • Conduct analysis and research of account activity to assess levels of risk and detect fraudulent / non-compliant activity
  • Work effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially unusual or suspicious activity as defined by AML/CTF/BSA regulations, and industry best practices for AML/CTF/BSA analysis
SuspIcious Activity Reports Development
  • Investigate suspected fraud or other suspicious events and reduce potential loss exposure by being compliant with applicable policies and procedures
  • Review reports and other investigative leads to identify suspicious activity
  • Formulate and recommend responses to potentially suspicious findings, and report such activity to Buna management and to appropriate regulatory authorities as needed
  • Write and file Suspicious Activity Reports and apply appropriate risk mitigation measures, while ensuring appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines
  • Adapt to regulatory changes or emerging industry best practices
Fraud Investigation
  • Assist management in developing and maintaining partnerships with law enforcement agencies to facilitate investigations
  • Complete all investigation outputs, which may include regulatory filing and other mitigation actions
  • Assist with the training of new Investigators and provide support to less-experienced investigators in analyzing customer activity for potential money laundering
  • Provide guidance to Buna management to ensure appropriate actions are taken to mitigate losses and loss exposure
  • Actively support managers, supervisors, and senior analysts with moderately complex AML/Fraud investigations
Qualifications and Skills Experience & Education
  • 3+ years of experience conducting research and investigations related to fraud, anti-money laundering, customer/enhanced due diligence investigation or verifications
  • Prior experience either in preparation of or actual use of SARs (Suspicious Activity Reports) for law enforcement
  • Bachelor's degree from a reputable university preferably in finance, legal, criminal justice or any relevant field
  • Relevant certifications (Certified Anti-Money Laundering Specialist [CAMS], Certified Fraud Examiner [CFE], Certified AML and Fraud Professional [CAFP]) are preferred
  • Knowledge of AML/CTF/BSA regulatory requirements, check fraud claims, bank / payment system operations, policies and procedures, suspicious activity reports development, and risk assessment
  • Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
  • Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
  • Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
  • Ability to handle multiple tasks with tight deadlines simultaneously
  • Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
  • Ability to maintain the highest level of confidential/sensitive information and professionalism
  • Flexibility and readiness to work beyond regular working hours and as required
  • Fluent in English
  • Knowledge of Arabic and French is a plus
The successful candidate will be offered competitive terms of service in accordance with the applicable employment policy, which includes tax free salary, housing allowance, furniture allowance, air tickets, education allowance, and life & medical insurance. Compliance/Legal

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