Vice President and Head of Anti Money Laundering Rak Bank

What You ll Be Doing:

• Serve as the primary liaison with the FIU and CBUAE for all AML-related correspondence and regulatory matters.
• Oversee and approve STR/SAR submissions via GoAML, ensuring regulatory compliance and timely follow-up on FIU responses.
• Lead periodic updates to AML policies and procedures in alignment with evolving regulatory obligations and stakeholder expectations.
• Support senior management in proactive risk mitigation by identifying KRIs and enhancing enterprise risk monitoring frameworks.
• Direct and monitor Financial Crimes Systems implementation to optimize operational efficiency and ensure consistent application.
• Ensure timely execution and quality clearance of AML activities, meeting SLAs and tracking breaches for senior management reporting.
• Review and approve updates to AML system parameters and operational procedures, ensuring robust process controls.
• Ensure RAKBANK s AML policy aligns with regulatory standards and advise group entities on AML/CFT procedural compliance.
• Collaborate with the Training team to develop and track annual AML training plans, including digital refreshers and offshore unit development.
• Stay current on AML/CFT typologies and trends, advising business units and senior management on emerging risks and regulatory shifts.
• Coordinate with law enforcement agencies to ensure timely and accurate execution of compliance-related instructions.
• Lead the AML team with a focus on Emiratization, staff productivity, and quality assurance, while ensuring effective communication with business units.