Home UAE Specialist- TBML - Transaction Monitoring

Home UAE Specialist- TBML - Transaction Monitoring

Specialist- TBML - Transaction Monitoring

at Knewin in UAE
Posted on January 10, 2024

Job details

Company Description Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. Job Description JOB PURPOSE: This role is for an external resource (SOW) primarily responsible to undertake specialised in TBML alert monitoring or assignments related to Trade Finance / Trade Based Money Laundering (TBML) project. KEY ACCOUNTABILITIES: TASKS :

  • Support the AVP – TBML Transaction Monitoring as follows:
  • Perform investigations on alerts generated in TBML monitoring system and identify the need to file internal Suspicious Transactions Reports (STRs)
  • Review the TBML workflow (from Business to FCC and vice-versa)
  • Conduct review/investigations on various red flags on trade finance Products (LC, LG, Documentary collection etc.,).
  • Review all the reports/dashboard generated from the TBML system and document results for resolution/customization (if any)
  • Report / Escalate any high-risk issues identified as part of investigation to senior management.
  • Assist in the implementation and monitoring of the framework and plan for TBML to properly address the Compliance needs and requirements in line with laws, rules and regulations that best meets the needs of Group FAB TBML Policy and Procedures.
  • Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved, and risk managed.
  • Assist the AVP – TBML TM in providing timely and accurate Compliance advice on any TBML monitoring matters raised by the business functions on day-to-day operations.
  • Keep abreast of related rules, regulations and best practices pertaining to TBML, assess its impact on FAB and update the AVP – TBML accordingly.
  • Provide Timely response for queries raised during investigation.
  • Execute other duties as directed by the AVP.
Continuous Improvement
  • Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes, tuning and practices considering global standards, productivity improvement and cost reduction.
Reporting
  • Prepare daily / weekly/monthly MI – dashboard for senior management reporting.
Qualifications JOB KNOWLEDGE, SKILLS & EXPERIENCE
  • Graduate (Preferably in Commerce / Financial Services/Banking & Finance etc.)
  • Certification in ACAMs/ICA is preferred.
  • Minimum 3-5 years of experience in Compliance, Trade Finance.
  • Excellent understanding of regional laws and applicable international regulations
  • Excellent Knowledge of the AML/CTF applied on different business banking functions.
  • Strong interpersonal, people management and facilitation skills
  • Team player, able to meet tight deadlines and manage challenging workload.
  • Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills
  • Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
#J-18808-Ljbffr

Apply safely

To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.

Share this job
See All Specialist Jobs
Feedback Feedback