We are Hiring!!
Job Title: Compliance Officer & Money Laundering Reporting Officer (MLRO)
Employment Type: Permanent
Workplace Type: On-site
Note:
- Applicants must already be based in Dubai.
- School certificate/document must be attested in Dubai, UAE, through the Ministry of Foreign Affairs (MOFA).
We are seeking an experienced and highly skilled Compliance Officer & MLRO to join our team and ensure our full compliance with CBUAE regulations, FATF recommendations, and global financial crime prevention standards. The ideal candidate will bring deep expertise in AML/CFT frameworks, risk-based supervision, and transaction monitoring, and will act as the primary liaison with regulatory bodies.
Regulatory Oversight:
- Serve as the appointed Compliance Officer & MLRO with CBUAE, ensuring compliance with:
o CBUAE AML/CFT Guidelines & Guidance for Financial Institutions (including RPSP-specific guidance)
o Retail Payment Services Regulation (RPSCS Rulebook)
o FATF Recommendations, including Proliferation Financing (PF) and Targeted Financial Sanctions (TFS) requirements.
- Liaise with CBUAE, FIU, and other competent authorities on all AML-related matters
- Submit STRs/SARs via the goAML platform in a timely and complete manner
Compliance Program Management:
- Design, implement, and regularly update the AML/CFT framework in accordance with UAE laws, FATF standards, and RBS (Risk-Based Supervision) principles.
- Conduct regular enterprise-wide risk assessments covering products, geographies, customers, delivery channels, and PF/TFS exposure.
- Conduct annual self-assessment in line with CBUAE RBS requirements and maintain continuous monitoring protocols.
- Establish and maintain AML/CFT policies, procedures, and internal controls.
Transaction Monitoring & Investigation:
- Lead implementation and governance of transaction monitoring systems.
- Oversee alert reviews, case investigations, escalation protocols, and reporting.
- Integrate AML/CFT monitoring with fraud detection and cybersecurity incident reporting to ensure comprehensive oversight.
- Maintain a robust audit trail of all compliance decisions and documentation.
Customer / Business Due Diligence:
- Oversee KYC/KYB screening processes for onboarding and ongoing monitoring.
- Ensure adherence to CBUAE requirements on identity verification, beneficial ownership, risk scoring, and re-verification.
- Implement TFS screening and PF risk mitigation procedures at onboarding and throughout the customer lifecycle.
Training & Internal Awareness:
- Develop AML/CFT training modules (including PF/TFS compliance) for all staff and deliver periodically.
- Keep the Board Audit/Compliance Committee and senior management informed on key risks, STRs/SARs, PF/TFS compliance, and regulatory developments.
- Prepare quarterly reports, bi-annual compliance reports, and the Annual MLRO Report to CBUAE.
- Conduct annual AML/CFT training for the Board with signed declarations of completion.
Audit, Testing & Supervision:
- Lead internal compliance reviews and gap assessments.
- Participate in or lead responses to CBUAE inspections, audits, and corrective action plans.
- Maintain recordkeeping as per AML requirements (minimum 5 years).
License Support & Global Scheme Compliance:
- Provide regulatory compliance input for new license applications or service expansions.
- Ensure alignment with Visa, Mastercard, and other card network compliance requirements.
- Coordinate responses to external scheme audits.
