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AML focal point- UAE National

Employer
Dubai Investments
Location
Dubai, United Arab Emirates
Salary
Competitive
Closing date
Dec 3, 2024
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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

As one of DIR's designated AML Focal for Sales operations, the role involved working closely with the AML Officer and various departments within DIR, to ensure adherence to AML-CFT policies, procedures, and controls in an effort to facilitate the identification and reporting of suspicious transactions or activities.

Responsibilities

a. Monitor customer transactions to identify suspicious transactions/activities.
b. Conduct customer due diligence and enhanced due diligence to verify customer information, documentation, types of activity and risk profiles
c. Co-ordinate with AML Officer and internal departments in the preparation of AML status reports on issues relating to compliance and ensure that same are provided to the relevant regulatory authorities in a timely manner
d. Maintain accurate and up-to-date records and trackers for Money Laundering or Suspicious Transaction activities, with supporting documentation for Management review and retention
e. Ensure adherence to AML/CFT policies, procedures, and controls to comply with applicable laws and regulations
f. Adhere to the defined compliance processes across the business for conducting due diligence, whistleblowing, and also co-operating with the corrective actions and investigations
g. Monitor regulations or guidelines issued by UAE Supervisory Authorities (Ministry of Economy, Financial Intelligence Unit, etc.) and ensure their integration into the organization's processes

Qualifications

• Bachelor's degree, Finance

• 1 to 3 years of Finance and Accounting work experience in Real Estate with RERA and Escrow Account knowledge
• Updated on recent compliance related changes in the regulatory environment including on AML.
• Excellent communication skills with command over written and spoken English.
• Proficient in using Microsoft Excel and PowerPoint
• Should have working knowledge of an ERP system

About Us

Dubai Investment Real Estate Company (DIR) is the real estate arm of Dubai Investments PJSC. Founded in 2006, the Company has established its reputation through a distinctive portfolio of real estate projects and today boasts of an impressive range of mixed-use developments, residential buildings, commercial projects including warehouses and land banks, across key strategic locations, providing an expansive portfolio to suit varied requirements.

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