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.

Details

  • Published:
    15 Jan 2021
  • Industry:Banking/Financial Services
  • Job Function:Accounts, Finance & Financial Services
  • Qualification:Bachelors
  • Experience:2 Year
  • Type:Full Time
  • Shift:Morning
  • Positions:5