Bank Of America Global Financial Crimes Specialist 

United Arab Emirates, Dubai, Dubai 

929974098

Job Description:

Job Title:Global Financial Crimes Specialist

Corporate Title:Up to VP

This team assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed.

Role Description:

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.

Responsibilities:

• Assisting the MLRO, Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of financial crimes risks in alignment with the Financial Crimes Enterprise Policy and Standards.
• Assisting in the production of independent financial crimes risk management reporting to Senior Leaders.
• Contributing to risk coverage plans, executing independent risk monitoring, testing, and risk assessments.
• Collaborating with Enterprise Independent Testing to execute independent testing of FLU/CF responsibilities.
• Supporting with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
• Provides advice and guidance on AML / CFT related matters where appropriate.
• Supports the delivery of mandatory internal training / briefings and attending team meetings as necessary.

What we are looking for:

• Fluency in English and Arabic is essential.
• Demonstrable professional experience gained in an anti-financial crime or compliance role.
• Knowledge of Anti Money Laundering, Countering Terrorist Financing and Proliferation Financing requirements.
• Understanding of Global Payment Services, Global Markets, Corporate and Investment Banking products and processes.

Skills that will help:

• Experience of working as a Deputy MLRO or a similar position within an AML / financial crime environment.
• Working knowledge of legal and regulatory obligations (UAE, DIFC, DFSA and Qatar, QFC, QFCRA).
• Knowledge of DFSA and QFCRA regulatory environment and relevant topics such as KYC/CDD, financial crime risk assessment, transaction monitoring, fraud / terrorist financing, sanctions / embargoes, and screening.
• Knowledge and prior experience in dealing with UAE FIU GoAML and Integrated Enquiry Management System (IEMS).
• Must be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidance.
• Ability to handle multiple projects in a dynamic environment and global team setting.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.