Job Status : Closed

π‰πŽπ π’π”πŒπŒπ€π‘π˜

This role involves implementing and sustaining robust Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) policies and procedures within the insurance company. Additionally, it entails ensuring adherence to the stringent AML regulations of the United Arab Emirates (UAE).

ππ”π€π‹πˆπ…πˆπ‚π€π“πˆπŽππ’, π’πŠπˆπ‹π‹π’ & π„π—ππ„π‘πˆπ„ππ‚π„:

  • Bachelor’s degree in finance, law, business administration, or a related field.
  • Certified Anti-Money Laundering Specialist (CAMS) or similar certification preferred.
  • Minimum of [X] years of experience in AML/CFT compliance within the insurance or financial services industry.
  • In-depth knowledge of UAE AML regulations and international AML/CFT standards.
  • Strong analytical skills with the ability to identify and assess risks effectively.

π‰πŽπ π‘π„π’ππŽππ’πˆππˆπ‹πˆπ“πˆπ„π’:

  • Develop and implement comprehensive AML/CFT policies and procedures in alignment with UAE regulatory requirements, covering areas such as customer due diligence, risk assessment, suspicious transaction monitoring, and reporting protocols.
  • Conduct regular assessments of AML/CFT risks faced by the company, analyzing potential risks associated with operations, products, services, and clientele, and recommend and implement appropriate risk mitigation measures.
  • Oversee the monitoring and detection of suspicious transactions, establishing systems and controls for identifying unusual activities, conducting investigations, and reporting to relevant authorities.
  • Maintain accurate records of all AML/CFT activities, including customer due diligence, transaction monitoring, and reporting.
  • Foster effective relationships with regulatory bodies like CBUAE by promptly responding to inquiries and requests for information.
  • Conduct internal audits to evaluate the effectiveness of the company’s AML/CFT program, promptly addressing any identified deficiencies or weaknesses and implementing necessary corrective actions.
  • Ensure optimal departmental performance through the selection, development, deployment, and motivation of competent staff.
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