Senior Analyst - AML Investigations - Group Compliance

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About the Business area:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include:

• To investigate and report suspicious activity and transaction cases that have been referred by peers or external/internal stakeholders and support the deputy Money Laundering Reporting Officer (MLRO) to ensure end-to-end management and escalation of the Anti-Money Laundering (AML) process for the Bank
• Manage the daily investigation activities and detection of transactions related to the crimes of money laundering, financing of terrorism and of illegal organisations in order to report suspicions to the Central Bank Financial Intelligence Unit (FIU) and cooperate with the Competent Authorities in relation to Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) duties
• Investigate suspicious cases referred by the AML Monitoring Unit and cases raised by other external/internal stakeholders in order to ensure escalation of the AML process and support the reporting of such suspicious cases to the Central Bank
• Take final decisions and consult with the MLRO as needed on suspicious activity reporting to Central Bank in order to meet regulatory obligations
• Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations
• Develop and update regulatory and statutory reporting programmes, such as Suspicious Activity Report (SAR), liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting
• Analyse trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks
• Provide recommendations for changes to existing policies, processes, systems and procedures to accommodate any regulatory changes relating to AML to ensure it is aligned with international best practices/standards
• Review and produce periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO