Compliance Analyst- Transaction Monitoring

     Transaction Monitoring:  

• Perform daily transaction monitoring of customer transactions using internal systems and tools to detect potential money laundering, terrorist financing, fraud, and other financial crime risks

• Investigate alerts generated by internal transaction monitoring systems to analyse customer behaviour and document findings with appropriate rationale

• Collaborate with other teams (e.g., onboarding, KYC, operations, ) to obtain necessary customer or transactional information.

• Maintain accurate and detailed records for all transaction monitoring activities, ensuring relevant registers and systems are updated on a regular basis.

• Draft Suspicious Activity Reports (SARs) for filing with regulatory authority.

• Identify trends and patterns that may indicate financial crimes, including money laundering and terrorist financing. 

• Maintain detailed case records and support compliance reporting requirements.

CDD, EDD & KYC:

Review and verify Know Your Customer (KYC) documents for onboarding and existing clients

Ensure adherence to customer due diligence (CDD) and Enhanced Due Diligence (EDD) requirements.

Support the compliance team in client risk assessments and risk-based approach analysis.

Compliance Systems & Controls:

Assist in the optimization and calibration of transaction monitoring systems.

Work with the IT and Risk teams to enhance automated monitoring tools 

Recommend improvements in compliance processes to mitigate financial crime risks.

Regulatory and Compliance support:

Support the MLRO in UAE in ensuring compliance with AML/CFT regulations and internal policies

Monitoring changes in AML/CFT regulations and contributing to policy updates where necessary

Support MLRO in periodic review and enhancement of transaction monitoring rules, thresholds and systems.

• Master's / Bachelor’s degree in Finance, Business, Law, or a related field.

• 2-4 years of experience in AML/Compliance, with a focus on transaction monitoring.

• Effective written and verbal communication skills is a must. Basic understanding of financial regulations or a strong interest in compliance and AML.

• Strong analytical, communication, and stakeholder management skills.

• Good analytical and problem-solving skills.

• Proficiency in Microsoft Office (Excel, Word, Outlook).