RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including personal and business banking, credit cards, loans, investment services, and wealth management

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers

So, join us in co-creating the future of RAKBANK!

What You Will Be Doing

• Analyze transaction trends in customer accounts to identify potentially suspicious transactions from a financial crimes viewpoint and take appropriate actions.
• Ensure quality, timeliness, and accuracy in reviewing customer transactions.
• Efficiently identify and perform due diligence on red flags.
• Obtain documentary proof of suspicious findings and maintain effective record-keeping of identified and reported suspicious transactions.
• Prepare and clear Suspicious Transaction Reports (STRs) and raise them in the CB-UAE portal.
• Periodically review high-risk clients for potential suspicious activity.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends.
• Assist in identifying systemic control weaknesses related to the AML Unit.
• Execute tasks and instructions from supervisors in a timely and efficient manner.

What You Should Have

• Attention to detail.
• Ability to manage change and self-motivation.
• Effective use of information.
• Skills in managing and resolving complex issues and projects.
• Ability to work both as a team player and individually.
• Knowledge of key UAE regulations from CBUAE and SCA, as well as an understanding of operational risk.

What We Are Looking For

• Bachelor’s degree in finance, business, or a related field.
• At least 2 years of experience in an AML compliance role.
• Strong analytical skills.
• Computer literacy (Word, Excel).
• Understanding of marketplace AML issues, typologies, and AML suspicious activity transactions.
• Understanding of banking, payment systems, KYC requirements, and CB-UAE regulations on AML.

What’s In It For You

• Pay for performance culture (Competitive and performance-linked compensation)
• Provision of medical care plan for your family and you
• Comprehensive Life insurance plan
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole-self to the organization and perform to your best