Introduction
Arab Monetary Fund (AMF), an Arab regional financial organization headquartered in Abu Dhabi, United Arab Emirates is seeking to recruit a Transaction Investigator to join the Regional Payment, Clearing and settlement Organization (Buna) which is wholy owned entity under establishment as a regional
Arab Monetary Fund (AMF), an Arab regional financial organization headquartered in Abu Dhabi, United Arab Emirates is seeking to recruit a Transaction Investigator to join the Regional Payment, Clearing and settlement Organization (Buna) which is wholy owned entity under establishment as a regional organisation.
Duties of the Transaction Investigator include ensuring that activity within the Buna is compliant with pertinent laws, regulations and guidelines including AML / CFT. The job holder is also responsible for investigating suspicious transactions and creating, monitoring, and delivering Suspicious Activity Reports (SAR) to Buna’s management. This position will report to the Chief Risk and Compliance Officer.
In this context, the following sections detail the main job responsibilities, qualifications and skills related to the Transaction Investigator position:
Job Responsibilities
Data Analysis and Interpretation
Review and analyze transactional data for potential suspicious activity, including those generated from an alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable
Conduct analysis and research of account activity to assess levels of risk and detect fraudulent / non-compliant activity
Work effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially unusual or suspicious activity as defined by AML/CTF/BSA regulations, and industry best practices for AML/CTF/BSA analysis
SuspIcious Activity Reports Development
Investigate suspected fraud or other suspicious events and reduce potential loss exposure by being compliant with applicable policies and procedures
Review reports and other investigative leads to identify suspicious activity
Formulate and recommend responses to potentially suspicious findings, and report such activity to Buna management and to appropriate regulatory authorities as needed
Write and file Suspicious Activity Reports and apply appropriate risk mitigation measures, while ensuring appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines
Adapt to regulatory changes or emerging industry best practices
Fraud Investigation
Assist management in developing and maintaining partnerships with law enforcement agencies to facilitate investigations
Complete all investigation outputs, which may include regulatory filing and other mitigation actions
Assist with the training of new Investigators and provide support to less-experienced investigators in analyzing customer activity for potential money laundering
Provide guidance to Buna management to ensure appropriate actions are taken to mitigate losses and loss exposure
Actively support managers, supervisors, and senior analysts with moderately complex AML/Fraud investigations
Job Details
| Posted Date: | 2020-07-19 |
| Job Location: | Abu Dhabi, United Arab Emirates |
| Job Role: | Administration |
| Company Industry: | Financial Services |
Preferred Candidate
| Career Level: | Mid Career |
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