Job Summary
Dubai Islamic Banking invites application for the Position of "Manager " for the "Trade Based Money Laundering" Department:
The Key responsibilities are:
- Support for value addition in the TBML policy for DIBPK.
- Support for value addition in the TBML operation Procedure as per TBML policy to analysis the trade transactions.
- To ensure delivery of timely advices/go-aheads to Trade Operations and business with respect of TBML in lieu of internal and regulatory requirements.
- Manage the TBML team efficiently to mitigate TBML risk in case of hiring Team Leader for managing a unit.
- Analyzing the money laundering element by checking for the red flags(i.e over and under invoicing, shell companies, tax heaven countries, tax evasion, multiple invoicing , economic sense and/or phantom shipment), etc.
- Identifying dual use of goods, if present.
- Maintenance of red flags record.
- Closely coordinating with Compliance, Operations and FI for smooth processing of transactions.
- Update TBML procedure and implemented policies in case of any amendment/changes.
- Actively be involved in process of Re-engineering of TBML.
Interested candidate may apply by forwarding their updated Resume at the email address mention above. The email subject line should read: (Position Title), (Location) in the subject line.
Required Skills
Education:
- Minimum Bachelor's Degree in a related Field.
Training/ Skills:
- Thorough knowledge of AML and sanction regulations.
- Proficiency in MS Excel and Word.
- Strong Verbal and communication skills.
Work Experience: 3 to 5 years of experience preferably in compliance in banking industry with a focus governance and anti-money laundering activities.