Officer - Transaction Monitoring - Dubai Islamic Bank

Job description / Role

Finance, Investment & Asset Management

Key responsibilities

• Analyze the transaction filtering/monitoring (AML) alerts within turnaround time, including communication of AML low risk alerts to relevant business segments. Closing alerts based on business feedback.
• Conduct preliminary investigations on AML alerts for suspicious transaction activity and conclude the alert with proper comments, justification, and customer profile.
• If required, create cases for suspicious AML alerts, raise queries to business and maintain proper follow-up until the case is concluded.
• Escalate unresolved AML alerts and cases to AML management within the defined timelines.
• Be able to draft STRs to the regulators.
• Conduct AML investigations for cases forwarded by different departments, correspondent banks, or regulators.

• Analyze and respond to SWIFT and Non-SWIFT (WU, INR, etc.) alerts, based on name screening in the system, within the required timelines with no errors.
• Analyze and communicate any unusual remittances while performing SWIFT and Non-SWIFT related payment messages and raise issues accordingly.
• Be able to work on late shifts and report to office on Saturdays (as per SWIFT roster).
• In exceptional cases, may report to office on off days for handling urgent, critical, or essential SWIFT transactions.

• Complete assigned tasks within deadlines and put in extra manning hours whenever required.
• Maintain and update proper logs, follow-ups, and prepare MIS of pending AML alerts, SWIFT, queries, or other activities for AML management reporting.
• Provide suggestions for enhancement of AML/Sanction screening or other compliance related systems and processes. Additionally, be involved in necessary UATs.
• Support the unit by providing backups as and when required.
• In addition to the above accountabilities, new tasks or responsibilities may be assigned by the line manager from time to time.

Competencies/skills

Work experience

Possess 1 to 2 years of experience, preferably in banking.

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