About The Job

Be a part of the leading platform Bank in the UAE:

Wio Bank is a leading one-of-a-kind financial platform that is revolutionizing the banking industry in MENA region. Our platform is here to reboot personal and business banking in the digital age. Our personalised features and seamlessly integrated services are built around your needs, helping you spend, save, and plan for your future.

Wio is on the lookout for dynamic individuals to join our Compliance team in scaling our offshore operations in India! This isn’t just any job – it’s an adventure where the mission is to create a world-class technology hub, build strong teams, and push the envelope in digital banking innovation.

Position Title: AML Analyst

Job Summary:

As an AML Analyst, you will be responsible for identification, Transaction analysis, monitoring and reporting of Anti Money Laundering, Ensuring Compliance with applicable laws, rules, regulations and Bank policies and procedures mainly in AML policies procedures.

Responsibilities:

Transaction Monitoring:

Monitor and review transactions through automated systems to identify suspicious activity and potential money laundering or terrorism financing risk and investigate and analyze alerts generated by transaction monitoring systems and conduct appropriate due diligence to identify any red flags. Ensure accurate escalation of alerts within 3 weeks of any suspicious transactions for Further investigations

Investigation of Suspicious Activity:

Investigate alerted customers transactions and prepare detailed reports on the review outcome, including Red Flags identified, in accordance with the CBUAE regulatory guidelines. Perform in-depth analysis of transactional data, including large, unusual, or complex transactions, to assess risk and determine whether they require further investigation or reporting. Collaborate with other departments (such as outreach, operations) to resolve issues or gather additional information / evidence as part of the investigation process.

AML Reporting and Documentation:

Prepare and maintain documentation for suspicious activity investigations, ensuring that all relevant information is accurately recorded and accessible for future audits or regulatory reviews Assist in the preparation and filing of STR/SARs.

Qualifications:

Bachelor’s Degree and or Professional qualifications in Risk & Control professions.
Minimum 2 years overall banking experience in control functions i.e. Compliance, risk, Audit etc.
Good understanding of Regulatory and Compliance Knowledge - MIS Generation and Analytics -Bank Systems Knowledge - Banking Products, Services and Operations Knowledge - Compliance Due Diligence Process - Compliance Review and Improvement - Regulatory Coordination and Query Handling.

Wio Bank

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AML Analyst