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Compliance Analyst- Transaction Monitoring

Wahed
15 hours ago
On-site
Mumbai

About Wahed:

The global financial system wasn't built for everyone. For millions of people, its reliance on interest (Riba) creates a barrier to managing money and building wealth without compromising their values.

 

At Wahed, we're changing that. We are a global fintech company on a mission to build a new financial system—one that is ethical, accessible, and entirely interest-free. From our offices across the globe, our team is building products that were once deemed impossible, from pioneering Shariah-compliant equity ETFs, creating riba-free alternatives to high yield savings accounts, to creating no-leverage real estate investments for truly interest-free income producing assets. If you're driven to solve complex problems and believe finance should empower, not exclude, join us in building a more equitable financial future.

 

Job Brief: 

 

We are seeking a detail-oriented Compliance Associate in overseeing and enhancing our transaction monitoring process across the UAE. The Ideal candidate will assist in identifying and investigating suspicious activities and ensuring compliance with regulatory requirements and supporting the regulated firm in meeting its anti-money laundering (AML) obligations.

 

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Job Description:

     Transaction Monitoring:  

  • Perform daily transaction monitoring of customer transactions using internal systems and tools to detect potential money laundering, terrorist financing, fraud, and other financial crime risks

  • Investigate alerts generated by internal transaction monitoring systems to analyse customer behaviour and document findings with appropriate rationale

  • Collaborate with other teams (e.g., onboarding, KYC, operations, ) to obtain necessary customer or transactional information.

  • Maintain accurate and detailed records for all transaction monitoring activities, ensuring relevant registers and systems are updated on a regular basis.

  • Draft Suspicious Activity Reports (SARs) for filing with regulatory authority.

  • Identify trends and patterns that may indicate financial crimes, including money laundering and terrorist financing. 

  • Maintain detailed case records and support compliance reporting requirements.

CDD, EDD & KYC:

  • Review and verify Know Your Customer (KYC) documents for onboarding and existing clients
  • Ensure adherence to customer due diligence (CDD) and Enhanced Due Diligence (EDD) requirements.
  • Support the compliance team in client risk assessments and risk-based approach analysis.

Compliance Systems & Controls:

  • Assist in the optimization and calibration of transaction monitoring systems.
  • Work with the IT and Risk teams to enhance automated monitoring tools 
  • Recommend improvements in compliance processes to mitigate financial crime risks.

Regulatory and Compliance support:

  • Support the MLRO in UAE in ensuring compliance with AML/CFT regulations and internal policies
  • Monitoring changes in AML/CFT regulations and contributing to policy updates where necessary
  • Support MLRO in periodic review and enhancement of transaction monitoring rules, thresholds and systems.


Job Specification:

  • Master's / Bachelor’s degree in Finance, Business, Law, or a related field.

  • 2-4 years of experience in AML/Compliance, with a focus on transaction monitoring.

  • Effective written and verbal communication skills is a must. Basic understanding of financial regulations or a strong interest in compliance and AML.

  • Strong analytical, communication, and stakeholder management skills.

  • Good analytical and problem-solving skills.

  • Proficiency in Microsoft Office (Excel, Word, Outlook).


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