Sanctions Analyst (UAE National)

Job description / Role

* Responsible for Compliance & AML monitoring and sanctions screening for all EMEA booked business across the TFC and Bank businesses.
* To review, investigate and disposition alerts generated by AML monitoring systems based on AML knowledge, judgment and appropriate research; fully documenting evidence and conclusions.

Work Management

* Supervise the sanctions and the Embargoes daily operations.
* Review, investigate and analyze local and international sanctions lists of obligations.
* Supervise the operations of the sanctions team, in order to make sure all blacklisted persons or entities are supervised through Electronic systems' real time and day to day.
* Understand AML typologies and therefore unusual activity to ensure appropriate levels of escalation.
* Approve instructions made by Sanctions Analyst to Trade Finance and wire transfer operational areas when giving advice on sanctions or prohibitions notices to a product.
* Enforce regulatory notices pertain to freezing/unfreezing of assets, monitoring and recording actions taken as per the instructions of the Head of AML and compliance.
* Promote the awareness of Sanctions practices.
* Ensure that Bank standards are being met; policies are being complied, providing the relevant information to support the Department Head and that they are in order to better protect Bank's reputation.
* Take active interest to build skills and develop competencies for self to hold higher responsibilities. Keep oneself update with the Bank's operation procedures.

Requirements

* The bank is undergoing a process of dynamic change in order to maintain its position as one of the strongest banks in the highly competitive UAE banking sector.
* To meet the demands of this change process the Bank has recently set up the AML & Compliance Department with a view to keeping update with AML activities and also to manage compliance to Central Bank's rules.

* Minimum 4 years of Bachelor Degree.
* Diploma or Certificates in Anti-Money Laundering.
* Minimum 4 - 5 years of related experience with exposure to banking work especially in Trade Finance or Wire transfers.
* Good understanding of banking concepts and procedures.

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.