DESCRIPTION

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World\xe2\x80\x99s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose

Review the AML/CFT alerts which have been escalated for further investigation and report to the MLRO or Deputy MLRO those genuine cases for which it should be considered whether the Bank need to file a Suspicious Transaction Report (STR) to the UAE Central Bank\'s Financial Intelligence Unit (FIU).

Principle Accountabilities

• Conduct an in-depth investigation as per the Bank\xe2\x80\x99s internal procedures of those alerts which have been escalated as unusual transactions and need to be further reviewed to determine whether they should be reported to the Bank\xe2\x80\x99s MLRO or DMLRO. The MLRO or DMLRO would then decide whether to report it as a money laundering suspicious activity to the UAE Central Bank\'s Financial Intelligence Unit (FIU).
• Document the rationale and analysis of the review conducted by the role holder to justify the closure or escalation of the alert.
• Document and complete the process as per the Bank\xe2\x80\x99s internal procedures to report STRs to the UAE Central Bank\'s FIU once the decision has been taken by the Bank\xe2\x80\x99s MLRO or Deputy MLRO.
• Review responses received from the UAE Central Bank\'s FIU on the STRs submitted and inform the MLRO or DMLRO accordingly in order to define an action plan to comply with the notified regulatory requirements.
• Provide accurate and timely information to the AML/CFT Manager on all AML investigations and for ensuring compliance with relevant local and international laws.
• Demonstrate integrity, the ability to work independently with minimal supervision, uses specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training and/or certification to monitor and investigate transactions for suspicious activity to ensure compliance with AML rules and regulations.

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