Company Description
At RAKBANK, we are committed to nurturing a culture of innovation, growth, and excellence. We go beyond being a bank – we are a thriving community fueled by teamwork, advanced solutions, and unwavering standards of governance.
As a Senior Compliance Officer - Enhanced Due Diligence your role is to analyze high-risk entities and individuals to identify red flags and potentially suspicious transactions from a financial crimes viewpoint and suitably action the same.
Join us and be a part of shaping the future of RAKBANK!
Job Description
- Quality, timeliness, and accuracy of reviewing high risk entity and individual KYC’s.
- Ensure efficient identification and due diligence in identifying red flags.
- Obtain documentary proof of suspicious findings and ensure effective record keeping of suspicious transaction identified and reported.
- Prepare, clear STRs\SARs and raise the same in CB-UAE portal.
- Periodic review of previously on-boarded clients for potential suspicious activity.
- Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
- Assist in identifying systemic control weaknesses related to EDD.
- Timely & efficient execution of tasks & instructions received from supervisors.
Qualifications
- Bachelor’s degree in finance, Business, or a related field.
- At least 3 to 5 years of experience in compliance role.
- Strong analytical skills
- Computer literacy essential (Word, Excel).
- Understanding of marketplace AML issues, topologies & AML suspicious activity transaction
- Understanding of banking, payment systems, KYC requirements & and CB-UAE regulations on AML
Additional Information
What’s In It for You
- Pay for performance culture (Competitive and performance-linked compensation)
- Diverse workforce and inclusive culture
- Career development and growth opportunities by design
- Work with the best minds in the field
- Get opportunities to bring your whole self to the organization and perform to your best.
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