Skill required: Transaction Monitoring - Anti-Money Laundering (AML)
Designation: Specialist
Qualifications:Any Graduation
Years of Experience:7 - 11 Years
About Accenture
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What would you do? You will be aligned to our Financial Services, banking, Insurance, and Capital Market vertical which is focused on helping clients with their tax preparations, insurance coverage, and investment portfolios. • Regulatory and AML knowledge – a sound understanding of the legislation, regulation and codes of practice applicable in relevant jurisdiction, covering a variety of topics. • An intimate knowledge and understanding of the organization’s products and services, typical client profile, including their laundering vulnerabilities. • Investigative skills – the ability to research and analyze complex business and regulatory issues is a critical compliance skill, especially when carrying out monitoring and risk assessment reviews. • Strong analytical skills with the ability to make logical and reasoned decisions, problem solving and decision-making skills to effectively resolve complex issues. • Business awareness and pragmatism – a good understanding of the market and business in which the company operate, lead to practical solutions being developed and helps to achieve the bank’s strategic objectives. • Integrity and con The Anti Money Laundering team focuses on articulating the business requirements and implement the process and system controls required to prevent moving illegally acquired cash through an organization's financial systems. The role requires a good understanding of anti-money laundry laws and regulations, client on-boarding, sanction screening, remediation, periodical reviews, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
What are we looking for? • Bachelor’s degree / master’s degree / MBA in banking (financial institutions), economics, or law • Certified Professional with international recognition in some of the following areas: o Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) o Customer Identification, Customer Risk Profiling and Monitoring o International Sanctions o Suspicious Activity / Suspicious Transaction Reporting and dealing with the authorities. • Financial Crime Compliance - banking experience minimum 10 years, out of which minimum 5 year in AML managerial role (preferably approved by the Central Bank). • Retail Banking Account Operations • Taking the necessary actions to properly close any TMU and SAR/STR escalation audit observations or, were dependent on other units, systems or resources. • Aiding and full support to the Group Compliance in ad-hoc Compliance projects and investigations • Utilizing resources in an agile manner to achieve the best efficiency and the desired outcome • Certifications like CAMS, CAMI shall be an added advantage
Roles and Responsibilities: • Perform additional internal money laundering investigations where unusual & potentially suspicious activity was identified through bank’s account monitoring systems. • Perform special investigation on sensitive relationships and adhoc projects. • Provide feedback on the rationale and appropriateness of the Detection Scenario rules in order to ensure transaction monitoring systems are properly calibrated to identify higher risk transactions and reduce false positives. • Perform relevant quantitative and qualitative reviews on all TM activities. • Enhance compliance investigators awareness by sharing periodical errors trends and patterns, personalized per unit and specific activity. • Building a strong STR/SAR escalation team with the required skills to support Business and Compliance initiatives. • Ongoing development of the STR/SAR escalation team and providing adequate training and guidance to the team. • Ensuring the AML compliance Team meets internal service standards and appropriate turn-around times with CBUAE and business. • Create and managing the BAU and Project activities within Budget and ensuring that the actual expenditure/ costs are monitored and recorded. • Ensure that any deviations or risk of over expenditure is highlighted well in advance. • Review the existing AML Compliance framework, procedures and guidelines on an ongoing basis and make relevant proposals to update procedures and guidelines if/ when required. • Endeavor to continuously improve the AML framework for the proper identification, management, monitoring, and reporting of related TMU and SAR risks and issues. • Assist and guide TMU Compliance unit to implement proper standards and to ensure the group maintains best in class AML transaction monitoring practices. • Conduct AML oversight of the business activities to identify any key risks, trends, and typologies.

Any Graduation

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com

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