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Junior Anti-Money Laundering Analyst

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.


Job Role:

We are currently seeking a Junior AML Analyst to join our Insurance Division.

The Junior Anti Money Laundering Analyst is an entry level role responsible for assisting compliance department in establishing, implementing internal procedures to prevent money laundering and to support the AML compliance department in ensuring that there is a proper framework, governance, and compliance of the Insurance division in line with the AML/CFT regulatory requirements.

Job Responsibilities:

  • Assisting compliance department in development and implementation of AML policies and procedures.
  • Regular coordination and follow up with internal departments for obtaining due diligence documents.
  • Execute Due Diligence activity as per the defined process and regulatory guidelines.
  • Completion of client risk assessment.
  • Tracking and management of the various documents as per record retention policy.
  • Ensure all reporting timelines are met as per agreed Turnaround Time (TAT).
  • Screening and Transaction Monitoring Systems Review/Implementation
  • Identify Red flags and control issues with respect to KYC/Client on boarding.
  • Investigate and Preparation of Suspicious Activity Reports and Suspicious Transaction Reports.
  • Liaise with regulators and supervisors in connection with the AML program and related regulatory issues.
  • Build strong partnership with Internal Audit, Operations departments, Business development and other stakeholders in connection with the AML Program.
  • Work with leaders throughout enterprise to resolve efforts to address related open issues in a timely and effective manner.
  • Responsible to seek AML compliance Advice from the compliance committee, organize and participate in the compliance committee meeting.
  • Timely filing of regulatory reports with the regulator.
  • Develop and assist in providing training relating to AML/CFT.
  • Assist in the planning, execution and results analysis of AML compliance reviews.
  • Work with the business lines during test work to understand control processes and to identify action plans to address control deficiencies.
  • Communication with various levels of management to ensure AML/CFT compliance.
  • Maintain ongoing awareness, current knowledge of all applicable internal and external AML compliance regulatory requirements and identifying any issues that could impact the Institution.
  • Review high risk relationships especially cases that are escalated to Senior Management and ensure that all risks are appropriately highlighted for sign-off.

Job Requirements:

  • Minimum 1 year of AML compliance experience in banking, insurance industry.
  • Bachelor’s Degree (Commerce or Business Administration).
  • Language Skills: An exceptional ability in oral and written English.
  • Excellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressure.
  • Excellent interpersonal skills and an ability to converse confidently with various levels of management
  • Strong AML analysis skills, good knowledge and understanding of industry best practices, internal controls, regulatory requirements.
  • Knowledge of transaction monitoring systems and screening tools.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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