Overview
AML Officer – K2 Transacting & Due Diligence Jobs in Baghdad, Baghdad Governorate, Iraq at Arab Bank Iraq
Title: AML Officer – K2 Transacting & Due Diligence
Company: Arab Bank Iraq
Location: Baghdad, Baghdad Governorate, Iraq
Job Purpose :
The AML Officer is responsible for performing customer due diligence (CDD), enhanced due diligence (EDD), and ongoing customer reviews while ensuring compliance with the Bank’s AML/CFT policies, regulatory requirements, and international sanctions standards. The role also supports the processing and monitoring of K2 transactions, ensuring all transactions comply with internal controls, regulatory expectations, and risk management standards.
Accountabilities:
- Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing customers.
- Review and verify customer identification documents and beneficial ownership information.
- Assess customer risk ratings based on the Bank’s AML Risk Assessment Methodology.
- Follow up on transaction-related documents, including invoices, Bills of Lading, and customs clearance documents, to ensure completeness and avoid duplication.
- Review and process K2 transactions in accordance with the Bank’s policies and procedures.
- Ensure all transactions are supported by complete documentation and appropriate approvals.
- Verify that transactions comply with AML/CFT regulations, sanctions requirements, and internal Policy.
- Investigate unusual or potentially suspicious transactions and escalate where appropriate.
- Coordinate with business units to obtain additional supporting information when required.
- Monitor customer transactions to identify unusual or suspicious activities.
- Ensure compliance with the Central Bank of Iraq regulations, and global standards.
Job Requirements:
Qualifications:
- Bachelor’s degree in Finance, Accounting, Business Administration, Banking, Law, or a related field.
- Professional AML certification CAMS is preferred.
Experience:
- Minimum 2–4 years of banking experience. At least 1–2 years of experience in AML, Compliance, Financial Crime, KYC, or Due Diligence.
- Practical experience with K2 banking platform transaction processing is highly preferred.
- Experience in transaction monitoring and sanctions screening is an advantage.
Competencies:
- Strong knowledge of AML/CFT regulations and international best practices.
- Good understanding of Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) requirements.
- Strong analytical and investigative skills.
- High level of integrity and confidentiality.
- Excellent attention to detail.
- Effective communication and interpersonal skills.
- Ability to manage multiple priorities under tight deadlines.
- Teamwork and collaboration.
