Upload
Description
About the Role
As a Senior Compliance Officer your role is to safeguard the organization against financial crime by conducting thorough reviews of high-risk entities and individuals, ensuring compliance with regulatory standards and internal policies. This role is pivotal in detecting and investigating suspicious activities, preparing and submitting STRs/SARs, and maintaining robust documentation. By staying ahead of emerging money laundering and terrorist financing trends, the position strengthens systemic controls and supports timely, accurate, and efficient execution of enhanced due diligence processes. This role will be reporting to Assistant Manager - Enhanced Due Diligence.
What You’ll Be Doing
- Deliver high-quality, timely, and accurate reviews of KYC for high-risk entities and individuals.
- Conduct thorough due diligence to identify red flags and mitigate potential risks.
- Collect and maintain documentary evidence of suspicious findings with robust record-keeping practices.
- Prepare and submit STRs/SARs promptly through the CB-UAE portal, ensuring full compliance.
- Perform periodic reviews of existing clients to detect emerging suspicious activities.
- Stay ahead of money laundering and terrorist financing trends, including evolving regulations, industry best practices, and criminal typologies.
- Assist in identifying and addressing systemic control weaknesses related to Enhanced Due Diligence (EDD).
- Execute tasks and supervisor instructions with efficiency, accuracy, and accountability.
What We’re Looking For
- Education: Bachelor’s degree in finance, Business, or a related field
- Experience: At least 3 to 5 years of experience in compliance role.
Skills
- Strong analytical ability to identify patterns, assess risks, and resolve complex issues effectively.
- In-depth understanding of AML typologies, suspicious activity indicators, KYC requirements, and UAE regulations (CBUAE, SCA).
- Computer literacy with proficiency in MS Word and Excel; ability to use information effectively for reporting and analysis.
- High accuracy in reviewing data, spotting anomalies, and ensuring compliance with operational risk standards.
- Self-motivated, able to manage change, work independently, and contribute effectively as a team player.
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E