Job Description & Requirements

Position: Compliance Specialist

Location: Dubai, UAE

Employment Type: Contract (1 year, extendable)

Salary: AED up to 10,000 (based on experience)

Company Name: PACT Employment Services

Industry: Staffing and Recruiting

Job Function: Legal

Experience: 3 - 5 years

Education: Bachelor's degree

Detailed Job Description

Overview:

PACT Employment Services is seeking a knowledgeable and experienced Compliance Specialist to join our team in Dubai on a contract basis. The ideal candidate will have a strong background in Anti-Money Laundering (AML) and transaction monitoring processes, particularly with experience as a Level 2 Analyst. This role involves critical analysis, investigation, and adherence to compliance regulations to ensure the highest standards of financial integrity.

Key Responsibilities:

Transaction Monitoring and Analysis:

Review and investigate Financial Crime Risk Management (FCRM) alerts and cases assigned by the AML Manager daily.

Perform detailed follow-up with branches and business units to ensure thorough investigation and resolution of alerts.

Analyze alerts and cases that could potentially lead to Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs).

Compliance and Risk Management:

Ensure compliance with all relevant policies, procedures, and regulations related to AML and transaction monitoring.

Understand and apply knowledge of bank operations, products, policies, regulations, and risk management practices.

Maintain up-to-date knowledge of compliance policies and procedures to ensure alignment with industry standards.

Reporting and Documentation:

Maintain accurate Management Information (MI) records related to FCRM alerts and cases as instructed.

Ensure all requests and deadlines set by the AML Manager are met promptly and accurately.

Prepare and provide detailed reports on investigation outcomes and compliance activities.

Support and Collaboration:

Assist the Compliance management team in ad-hoc compliance projects and investigations as required.

Collaborate with various departments to ensure comprehensive understanding and adherence to compliance requirements.

Provide support and guidance to other team members on compliance-related matters.

Requirements:

Experience:

Minimum of 3 - 5 years of professional experience in AML and transaction monitoring.

Experience as a Level 2 Analyst, with the ability to handle alerts and cases leading to STRs and SARs.

Experience with compliance policies and procedures is essential.

Skills:

Strong analytical and investigative skills.

Excellent communication and interpersonal abilities.

Proficiency in understanding and applying compliance regulations and risk management practices.

Ability to work under pressure and meet strict deadlines.

Additional Qualifications:

Overseas candidates with relevant experience are welcome to apply.

Visit visa applicants with experience as Level 2 Analysts are also encouraged to apply.

This role offers a dynamic work environment and the opportunity to contribute significantly to the compliance and risk management processes within the organization. If you meet the requirements and are ready to take on a challenging role, we invite you to apply and join our dedicated team.

Contact Information

Email: hr@pactemployment.com