Transaction Monitoring Contract

Job Description

Transaction Monitoring Specialist – Compliance / AML

Organization: Invest Bank
Location: UAE
Department: Compliance / Financial Crime Compliance
Reporting To: Manager – AML / Financial Crime Compliance

Role Purpose

The Transaction Monitoring Specialist is responsible for reviewing and investigating alerts generated through the bank’s Transaction Monitoring System to identify unusual or suspicious activities that may indicate money laundering, terrorist financing, or other financial crimes.

The role ensures adherence to UAE Central Bank regulations, internal compliance policies, and global AML best practices while maintaining the integrity of the bank’s financial systems.

Key Responsibilities

Transaction Monitoring & Alert Investigation

• Review alerts generated by the Transaction Monitoring System to identify suspicious or unusual customer transactions.
• Conduct detailed investigations of flagged transactions by analyzing customer profiles, transaction history, and behavioral patterns.
• Escalate potential suspicious activities to the AML investigation team and prepare Suspicious Activity Reports (SARs) where required.
• Ensure alerts are investigated within defined SLA timelines.

Compliance & Regulatory Adherence

• Ensure compliance with UAE Central Bank AML/CFT regulations and internal policies.
• Support compliance with regulatory requirements related to Financial Crime Compliance (FCC).
• Assist during regulatory audits and compliance reviews.

Customer Risk Assessment

• Conduct enhanced transaction reviews for high-risk customers and PEP accounts.
• Identify red flags related to:
  • Structuring
  • Unusual transaction volumes
  • Cross-border activities
  • Rapid movement of funds
• Maintain proper documentation and audit trail for investigations.

Reporting & Documentation

• Maintain investigation records in line with regulatory and internal audit requirements.
• Prepare investigation reports and case summaries.
• Assist in generating MIS reports related to transaction monitoring activities.

Collaboration

• Work closely with:
  • Compliance
  • Risk
  • Operations
  • Retail & Corporate Banking teams
• Support continuous improvement of transaction monitoring rules and scenarios.

Mandatory Requirements

• Minimum 6 years of experience in AML / Financial Crime Compliance / Transaction Monitoring.
• At least 2–3 years of experience with a local UAE bank.
• Strong knowledge of UAE Central Bank AML/CFT regulations.
• Hands-on experience with transaction monitoring systems and alert investigation tools.
• Strong analytical and investigative skills.