Senior Compliance Officer – Enhanced Due Diligence

Job title: Senior Compliance Officer – Enhanced Due Diligence

Company: RAKBANK


Job description: Company DescriptionAt RAKBANK, we are committed to nurturing a culture of innovation, growth, and excellence. We go beyond being a bank – we are a thriving community fueled by teamwork, advanced solutions, and unwavering standards of governance.As a Senior Compliance Officer – Enhanced Due Diligence your role is to analyze high-risk entities and individuals to identify red flags and potentially suspicious transactions from a financial crimes viewpoint and suitably action the same.Join us and be a part of shaping the future of RAKBANK!Job Description

  • Quality, timeliness, and accuracy of reviewing high risk entity and individual KYC’s.
  • Ensure efficient identification and due diligence in identifying red flags.
  • Obtain documentary proof of suspicious findings and ensure effective record keeping of suspicious transaction identified and reported.
  • Prepare, clear STRs\SARs and raise the same in CB-UAE portal.
  • Periodic review of previously on-boarded clients for potential suspicious activity.
  • Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
  • Assist in identifying systemic control weaknesses related to EDD.
  • Timely & efficient execution of tasks & instructions received from supervisors.

Qualifications

  • Bachelor’s degree in finance, Business, or a related field.
  • At least 3 to 5 years of experience in compliance role.
  • Strong analytical skills
  • Computer literacy essential (Word, Excel).
  • Understanding of marketplace AML issues, topologies & AML suspicious activity transaction
  • Understanding of banking, payment systems, KYC requirements & and CB-UAE regulations on AML

Additional InformationWhat’s In It for You

  • Pay for performance culture (Competitive and performance-linked compensation)
  • Diverse workforce and inclusive culture
  • Career development and growth opportunities by design
  • Work with the best minds in the field
  • Get opportunities to bring your whole self to the organization and perform to your best.

Expected salary:

Location: Dubai

Job date: Wed, 04 Jun 2025 22:29:15 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.pro) you saw this job posting.Thanks&Good Luck

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