The Head of AML Transaction Monitoring will be responsible for overseeing and managing the AML transaction monitoring initiatives. This role plays a critical part in detecting and preventing financial crimes by monitoring, analysing, and investigating all transactions to identify suspicious activities. The Head of AML Transaction Monitoring will be a key leader in ensuring the compliance of our institution with all relevant AML regulations and implementing best practices to mitigate risk.

Key Responsibilities:

• Develop and implement comprehensive AML transaction monitoring programs and strategies to identify, track, and report suspicious activities
•  Ensure compliance with all UAE local legislation and regulations, while strengthening internal compliance frameworks and policies.
• Provide guidance and support to the AML team, bringing your expertise to ensure efficient and effective execution of monitoring tasks
• Stay up-to-date with the latest AML regulations and industry trends, and communicate changes to relevant stakeholders
• Act as a primary liaison with TTS’s regulatory stakeholders (including the DFSA), building trust and maintaining open communication.
• Design and implement effective and efficient AML monitoring and surveillance programs to identify and prevent suspicious activities
• Oversee the development and delivery of AML training programs for all employees to promote awareness and adherence to AML policies and procedures
• Serve as the primary point of contact for regulatory agencies and external auditors on all matters related to AML compliance
• Conduct regular risk assessments to identify vulnerabilities and gaps in the bank's AML controls, and develop solutions to mitigate those risks
• Oversee periodic assessments and audits of the transaction monitoring program to identify areas of improvement and implement necessary changes
• Prepare and deliver reports to senior management, highlighting key findings, trends, and recommendations for enhancing the AML transaction monitoring program

Ideal Candidate:​

• Bachelor's degree in Finance, Economics, or a related field; Master's degree preferred
• Minimum of 8 years of experience in Anti-Money Laundering operations with a focus on transaction monitoring
• Deep understanding of UAE regulations (DFSA, CBUAE, federal law, etc) and global AML/CFT standards (FATF, EU, UK, US, etc.).
• Proven experience in developing and implementing AML transaction monitoring programs in a banking or financial institution
• Excellent analytical skills with the ability to dissect complex data and identify patterns or anomalies
• Strong leadership abilities with a track record of successfully managing teams and driving results
• Effective communication skills, both written and verbal, with the ability to engage and influence stakeholders at all levels
• Professional certification in AML, such as CAMS (Certified Anti-Money Laundering Specialist)