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Al Futtaim Private Company LLC

SENIOR AML ANALYST I Dubai | Financial Services| Orient Insurance PJSC

Al Futtaim Private Company LLC United Arab Emirates

Holding Companies · 10,001+ employees

19 h ago
Senior (5-10 yrs) Full-time United Arab Emirates
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About the role

The Senior AML Analyst will develop and implement AML, CTF, and tax compliance policies while providing governance and oversight across the Insurance Division. They are responsible for conducting complex investigations, filing regulatory reports, and mentoring team members to ensure adherence to all applicable legal requirements.

What they look for

Anti-Money Laundering Counter-Terrorist Financing Counter-Proliferation Financing FATCA Common Reporting Standard Compliance Oversight Risk Assessment KYC Client Onboarding Suspicious Activity Reports Transaction Monitoring Regulatory Reporting Internal Controls Data Validation Stakeholder Management Mentoring

Requirements

Candidates must have a minimum of 5 years of experience in AML and related compliance fields within the banking or insurance sectors. A bachelor's degree in a relevant field is required, and professional certifications such as CAMS or ICA are preferred.

Full description

Job Requisition ID: 181463

About Al-Futtaim

Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.

Job Role:

We are currently seeking a Senior AML Analyst to join our Insurance Division.

The Senior AML Analyst is responsible for assisting the Compliance Department in establishing and implementing internal procedures related to Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Counter-Proliferation Financing (CPF), Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS). The role supports the Compliance Department in ensuring that an appropriate framework, governance structure, and controls are in place to maintain compliance across the Insurance Division in line with applicable AML, CTF, CPF, FATCA & CRS regulatory requirements.

Job Responsibilities:

  • Develop, implement, review, and enhance AML, CTF, CPF, FATCA, and CRS policies and procedures.
  • Provide compliance oversight, guidance, and governance of all applicable regulatory requirements.
  • Regularly coordinate and follow up with internal departments to obtain required due diligence documents and resolve complex compliance-related issues.
  • Execute and oversee due diligence activities in accordance with defined processes and applicable regulatory guidelines.
  • Conduct and review enterprise-wide risk assessments and client risk assessments in accordance with established procedures and regulatory requirements.
  • Monitor and ensure that relevant documentation is maintained in accordance with the record retention policy.
  • Ensure all reporting timelines are met in accordance with agreed Turnaround Times (TATs) and escalate delays where necessary.
  • Support and provide input into the screening and transaction monitoring systems review, enhancement, and implementation.
  • Identify and assess red flags, control gaps, and compliance issues relating to KYC and client onboarding.
  • Conduct complex investigations and prepare Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), including reviewing cases prepared by team members.
  • Liaise with regulators and supervisors in connection with the AML, CTF, CPF, FATCA, and CRS program and related regulatory matters.
  • Build and maintain strong partnerships with Internal Audit, Operations, Business Development, and other stakeholders in connection with the AML, CTF, CPF, FATCA, and CRS programs.
  • Work with leaders across the organization to address, track, and resolve related open issues in a timely and effective manner.
  • Provide AML, CTF, CPF, FATCA, and CRS compliance advice to business units and support the Compliance Committee by organizing and participating in Compliance Committee meetings.
  • Ensure the timely and accurate filing of regulatory reports with the relevant regulator.
  • Develop training materials, deliver training sessions, and provide guidance relating to AML, CTF, CPF, FATCA, and CRS requirements.
  • Assist in the planning, execution, and review of AML, CTF, CPF, FATCA, and CRS compliance reviews, including the analysis of results and recommendations.
  • Work with business lines during testing to understand control processes, identify control deficiencies, and support the implementation of corrective action plans.
  • Communicate and present compliance matters to various levels of management to ensure compliance with applicable regulatory and internal requirements.
  • Maintain ongoing awareness and expert knowledge of all applicable internal and external AML, CTF, CPF, FATCA, and CRS regulatory requirements, and identify any issues that could impact the Institution.
  • Review and provide recommendations on high-risk relationships, particularly cases escalated to Senior Management, and ensure that all relevant risks are appropriately highlighted for management sign-off.
  • Support the AML Manager/MLRO in regulatory examinations, audits, compliance monitoring activities, and implementation of remediation actions.
  • Provide guidance and mentoring to AML Analysts and support knowledge sharing within the compliance team.

Job Requirements:

  • Minimum of 5 years of AML, CTF, CPF, FATCA, and CRS compliance experience in the banking, insurance, or related industries.
  • Bachelor’s degree in law, Finance, Commerce, Business Administration, or a related field.
  • CAMS, ICA, or equivalent certifications are preferred.
  • Exceptional communication skills, both verbal and written, with the ability to engage confidently with stakeholders and senior management.
  • Excellent organizational and time management skills, with the ability to prioritize tasks under pressure.
  • Working knowledge of reporting systems, data validation tools, and compliance monitoring solutions.
  • Strong AML, CTF, CPF, FATCA, and CRS analytical skills, with a good knowledge and understanding of industry best practices, internal controls, and regulatory requirements.
  • Knowledge of transaction monitoring systems and screening tools.
  • Knowledge of applicable laws, decisions, resolutions, guidelines, and regulatory requirements relating to AML, CTF, CPF, FATCA, and CRS.

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.