Senior Manager AML/CFT & DMLRO

Senior Manager AML/CFT & DMLRO

• Job Location: Dubai, United Arab Emirates

• Company Name: Commercial Bank of Dubai (CBD)

• Average Salary: AED 15,000 – AED 25,000 per month (Based on UAE market data for senior compliance and MLRO-certified roles)

About CBD

Operating in the UAE for over 50 years, CBD is a progressive and award-winning banking institution recognized as the number one bank in the UAE on the Forbes 2022 list of The World’s Best Banks. We are looking for ambitious professionals who are passionate about finance and dedicated to delivering service that goes the extra mile.

Job Purpose

The Senior Manager AML/CFT is responsible for managing the Bank’s Anti-Money Laundering and Combating the Financing of Terrorism functions. Appointed as the Bank’s Deputy Money Laundering Reporting Officer (DMLRO), you will act as a primary point of contact for the UAE Central Bank’s Financial Intelligence Unit (FIU) and determine the necessity of reporting escalated alerts and suspicious activities.

Principal Accountabilities

Regulatory Oversight & Reporting

• Compliance Ownership: Oversee AML/CFT risks for CBD, owning the relevant policies and ensuring full alignment with CBUAE regulations and notices.

• DMLRO Authority: Exercise delegated authority to sign and report Suspicious Transaction Reports (STRs) to the FIU.

• Regulatory Liaison: Manage responses and mandated actions from the FIU and support the Head of Compliance with regulatory correspondence.

System Management & Optimization

• Transaction Monitoring: Manage the day-to-day operations of the transaction monitoring system to ensure effectiveness, tracking alerts and resolving backlogs.

• Optimization: Conduct periodic assessments of system thresholds, segmentation, and scenario performance to ensure the platform remains fit-for-purpose.

• Governance: Run the Transaction Monitoring Oversight Committee and maintain rigorous documentation for all parameter and scenario modifications.

Investigations & Risk Mitigation

• Complex Cases: Oversee high-priority investigations originating from Senior Management, law enforcement, or whistleblowing channels.

• Client Exits: Supervise and issue client exit requests for financial crime reasons, ensuring all actions follow internal procedures and business engagement protocols.

• Breach Management: Log and escalate all potential or confirmed AML/CFT breaches.

Leadership & Training

• Team Guidance: Provide subject matter expertise to the AML team and business units; define and supervise the Quality Assurance (QA) process for closed cases.

• Policy Development: Support the MLRO in regularly updating policies and recommending controls to bridge identified gaps.

• Training: Review and participate in the delivery of e-learning and face-to-face AML/CFT training materials.

Requirements

Experience and Qualifications

• Experience: At least 6 years in the banking/financial services sector, with a minimum of 3 years specifically in an AML/CFT Compliance role.

• Education: Bachelor’s Degree from a recognized university.

• Certification: Professional certification such as ACAMS, ICA, CFCS, or CRCMP is highly preferred.

Core Skills

• Deep understanding of UAE financial crime regulations and international best practices.

• Strong analytical skills with high attention to detail for complex problem-solving.

• Proven leadership ability to manage team performance and prioritize resource allocation.

• Excellent written and oral communication skills for reporting and stakeholder management.