Job Opportunity as a Junior Anti-Money Laundering Analyst at Al Futtaim in the UAE

Al Futtaim is offering a job opportunity as a Junior Anti-Money Laundering Analyst to join the team in Dubai, United Arab Emirates. 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.

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

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

About Al Futtaim:

Al-Futtaim’s family business traces its origins back to the 1930s on the banks of the Dubai Creek, a trailblazer for innovative trading concepts designed to enrich lifestyles. Today, Al-Futtaim is present in 29 countries, represents over 200 companies spanning the automotive, finance, retail, and real estate industries, and it is now 42,000 people strong. Currently spanning the automotive, finance, retail, and real estate industries, Al-Futtaim’s diverse and far-reaching portfolio of brands and companies are ever-present in people’s lives, from the shores of Singapore to the sands of the UAE.

See more opportunities in Canada available on For9a

See more available online courses on For9a