Job description

The Compliance Officer - Sanctions at RAKBANK is responsible for monitoring transactions and investigating potential breaches of sanctions and AML laws, ensuring strict adherence to local and international regulations. The role safeguards the bank’s reputation and financial stability through rigorous due diligence, risk identification, and timely reporting of suspicious activities. The officer assesses sanctions/AML alerts for possible violations, gathers necessary information from business units to validate risks, conducts thorough investigations in line with Sanctions and AML Operating Procedures, and addresses risks related to sanctions circumvention, AML, dual-use goods, and proliferation financing. Guidance is provided to business units to ensure compliance while minimizing customer friction. The officer escalates risk triggers promptly and ensures timely reporting via GoAML, performs enhanced due diligence when required, safeguards correspondent banking relationships, and stays updated on global regulatory developments through active training.