AML Analyst I - Insurance Division

About the role

Orient Insurance PJSC, part of the Al-Futtaim Group, is looking for an AML Analyst to join its Insurance Division in Dubai. The analyst assists the Compliance Department in setting up and running internal procedures for AML, CTF, CPF, FATCA and CRS, and helps ensure the right governance, controls and framework are in place across the division.

Key responsibilities

• Help develop and implement AML, CTF, CPF, FATCA and CRS policies and procedures, and coordinate with internal departments for due diligence documents.
• Carry out due diligence, complete enterprise-wide and client risk assessments, and track documentation under the record retention policy.
• Support screening and transaction monitoring system reviews, identify red flags and control issues in KYC and client onboarding, and investigate suspicious activity.
• Prepare Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), liaise with regulators and supervisors, and ensure regulatory reports are filed on time.
• Build partnerships with Internal Audit, Operations, Business Development and other stakeholders, and seek compliance advice from the Compliance Committee.
• Develop and deliver training on AML, CTF, CPF, FATCA and CRS, and help plan and run compliance reviews.
• Review high-risk relationships escalated to Senior Management and highlight risks for management sign-off.

Required profile

• Minimum of 3 years of AML, CTF, CPF, FATCA and CRS compliance experience in banking, insurance or related fields.
• Bachelor's degree in finance, law, commerce or business administration.
• Excellent oral and written English, organisational and interpersonal skills, and the ability to work under pressure.

Required skills

• Strong analytical skills and knowledge of industry best practices, internal controls and regulatory requirements.
• Knowledge of transaction monitoring systems and screening tools.
• Knowledge of AML, CTF, CPF, FATCA and CRS laws, decisions, resolutions and guidelines.