About the Role
As a Compliance Officer & MLRO, you will lead AML/CFT, compliance, risk, and governance activities for the company Abu Dhabi. You will act as the key contact for FSRA/DFSA and UAE authorities, oversee SAR/goAML reporting, sanctions, risk assessments, compliance monitoring, and regulatory reporting, and advise senior management and the Board on regulatory matters. The role requires strong UAE regulatory experience and CO/MLRO expertise, ideally within fund administration or trust services.
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Key Responsibilities
- Promote and enhance the compliance, risk, and governance culture
- Act as the CO/MLRO
- Establish and maintain constructive relationships with the respective regulators, auditors, and other relevant institutions
- Produce and maintain appropriate AML/CFT, Compliance, and Risk policies and procedures for the business, ensuring compliance with local regulatory requirements as well as Group requirements and frameworks
- Advise the Boards and Management on AML/CFT, Compliance, and Risk Management issues, escalating any specific items requiring special attention to the MD
- Support the delivery of AML/CFT, Compliance, and Risk training to all staff, working with HR to maintain appropriate training records
- Issue regular reports to the Boards and Group Governance on AML/CFT, Compliance, and Risk work, including information on regulatory changes, breaches, errors, omissions, and complaints, as well as progress in implementing recommendations from audits and compliance monitoring activities
- Receive all suspicious activity reports and liaise internally and externally as appropriate
- Liaise with Group functions regarding AML/CFT and sanctions checking, risk assessments, governance frameworks, and insurance
- Work with the MD/SEO to maintain the legal entity governance framework for the business
- Provide support to the local team and Group to ensure that certifications are maintained
Key Requirements
Compliance Duties:
- Collaborate in the development and implementation of:
- Client AML/CFT, Compliance, and Risk framework
- AML/CFT, Compliance, and Risk policies and procedures
- Risk-based CMPs
- Board Reporting controls
- Business Risk Assessments
- Training Materials
MLRO Duties:
- Implementation and oversight of day-to-day operations for compliance policies, procedures, systems, and controls
- Act as the point of contact for employees filing internal Suspicious Activity Reports (iSARs)
- Take appropriate action following receipt of iSAR
- File Suspicious Activity Reports
- Serve as the point of contact for UAE authorities and regulators regarding money laundering issues
- Respond promptly to requests for information from UAE authorities or regulators
- Address findings, recommendations, guidance, or directives as described in Chapter 11 of the AML Rulebook
- Establish and maintain an appropriate money laundering training program per Chapter 13 of the AML Rulebook (FSRA) and DFSA’s AML Module
Qualifications
- Holder of a Professional Qualification or Degree in Law, Finance, or other relevant fields
- Holder of qualifications in Financial Crimes, ACAMs, ICA, etc.
- Practical knowledge of UAE-specific anti-money laundering laws, goAML portal reporting, risk assessments, and sanctions frameworks
- UAE Resident with over 5 years of experience as CO/MLR in the UAE
- Expertise to be appointed as CO/MLRO in a Category 3C Company (Administrator of a Collective Investment Fund and Trust Service Provider) with FSRA and a Category 4 company (Fund Administration) licensed with DFSA
What’s in it for you?
- Pathways for career development: Work with colleagues and clients worldwide on interesting and challenging work. Internal career opportunities to further your career within the company, supported by global learning opportunities from the company Business Academy.
- Making an impact: Assist in simplifying business operations for clients and contribute to community initiatives through our corporate social responsibility program.
- A supportive environment: Benefit from a strong feedback culture fostering an engaging workplace, as well as the option to work from the company offices around the world or from home for better work-life balance.
- Other Benefits:
- Marriage Gift policy
- Paternity & Adoption leaves
- Interest-free loan policy
- Salary advance policy
- Wellbeing initiatives
General Information
- Job ID: 46099
- Location: Dubai, United Arab Emirates
- Work Types: Permanent
- Categories: Client Corporate Secretarial
