About the Role
The FSRA is the competent authority for the administration of legislation related to the prevention, detection, and enforcement of financial crimes, including Money Laundering (ML), Terrorist Financing (TF), Proliferation Financing (PF), and cybercrime within the company. The Financial & Cyber Crime Prevention Department is responsible for establishing sound practices in compliance with AML-TFS and cybercrime prevention to protect the company from these risks and foster a culture of compliance and awareness.
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Key Responsibilities
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Strategic Responsibilities:
- Assist in ensuring uniformity and coherence of AML, sanctions, international tax reporting requirements, cybersecurity, regulation, and supervision across the company.
- Contribute to the development of policies, frameworks, and supervisory approaches that reflect evolving global standards and regulatory expectations in AML and Financial & Cyber Crime Prevention.
- Support the implementation of the National Action Agenda, including contributions to key initiatives such as the National AML/CFT Strategy, National Risk Assessment (NRA), and FATF Mutual Evaluation preparations.
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Operational Responsibilities:
- Provide guidance and support to company teams on AML and financial crime prevention supervision, authorization, and registration.
- Develop guidelines and notices related to financial crime risk.
- Monitor national and international policy developments around AML and international tax cooperation, proposing actions for the company.
- Monitor sanctions alerts and notifications, drafting and circulating emails to all relevant parties, and publishing notices as necessary.
- Organize and conduct supervisory activities concerning AML and Financial Crime Prevention in cooperation with supervision teams within the FSRA & RA.
- Manage the goAML registration process for the company's licensed firms, ensuring timely follow-up and action on internal tracking logs.
- Assist in producing written reports related to financial & cyber-crime themes and desk-based assessments and reviews.
- Support in managing internal and external training and awareness sessions.
- Assist in implementing FATCA and CRS compliance programs within the company.
Requirements
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Education:
- Minimum bachelor’s degree in finance, Business, Economics, or Law; a postgraduate degree in a relevant field is advantageous.
- Professional Certifications such as ACAMS or CFE are relevant.
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Work Experience:
- Minimum of 2 years of experience in AML, compliance, and sanctions regulatory matters.
- Good understanding of the UAE’s AML/CFT and tax transparency frameworks.
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Essential Skills:
- Understanding of financial crime related matters and experience in regulation or supervision for FIs, VASPs & DNFBPs.
- Knowledge of financial services, commercial, or corporate laws and regulations.
- Familiarity with risk assessments and methodologies.
- Strong stakeholder management, negotiation, and communication skills.
- Ability to work under pressure and meet tight deadlines.
- Proficient command of English, including drafting internal and external communications.
- Maintain the confidentiality, integrity, and availability of company information.
- Adhere to company Code of Conduct, HR Policy, and other internal policies.
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Desirable Skills:
- Understanding of Arabic culture.
Working Environment
The FSRA promotes a progressive financial services environment aligned with internationally recognized standards. The company is an award-winning international financial centre located in the capital of the United Arab Emirates, established to ensure that financial entities operate under a framework that supports investor protection and equality in the market.
