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

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