Officer – Transaction Monitoring (For UAE National)

Key Responsibilities

• Analyze and review transaction monitoring alerts (AML) in a timely manner, including documenting justifications for alert closures and communicating low-risk alerts to relevant business units.
• Conduct initial investigations on suspicious activity, validate customer profiles, and determine whether escalation is required.
• Create and manage AML cases for alerts requiring additional investigation and business feedback, maintaining proper audit trails and follow-ups.
• Escalate unresolved or high-risk alerts to AML management within prescribed timeframes.
• Draft Suspicious Transaction Reports (STRs) to be submitted to the Central Bank, ensuring quality and regulatory adherence.
• Investigate AML-related queries or referrals from correspondent banks, internal departments, or regulatory authorities.

• Analyze alerts generated from SWIFT and Non-SWIFT payment systems (e.g., WU, INR, etc.), including name screening, and respond accurately within required timelines.
• Identify and report unusual remittance patterns and escalate red flags as necessary.
• Participate in shift-based work (including late shifts and Saturdays as per SWIFT roster); provide coverage during critical periods, including off days, when essential transactions require attention.

• Maintain accurate logs and MIS for AML alerts, SWIFT messages, pending queries, and investigation progress for senior management reporting.
• Support AML system and process improvement initiatives by providing user feedback and participating in User Acceptance Testing (UAT).
• Offer backup support across compliance units as needed and complete additional tasks assigned by line management on an ad hoc basis.

Qualifications & Competencies

• Bachelor’s Degree in Business, Finance, Law, or a related field.
• AML Certifications (e.g., ACAMS, ICA) are a plus.

• 1–2 years of relevant experience, preferably in a banking or financial institution, with exposure to AML compliance, transaction monitoring, or payment screening.

• Basic understanding of AML laws and regulatory expectations within UAE and international jurisdictions.
• Familiarity with AML transaction monitoring systems and payment platforms (SWIFT, WU, etc.).
• Strong analytical and investigative skills; detail-oriented and capable of working under pressure.
• Good written and verbal communication for internal correspondence and documentation of investigations.
• Flexibility in working hours and adaptability to shift patterns or urgent demands.