The Head of AML/CTF and MLRO is responsible for the development and implementation of the Group-wide compliance program relating to AML/CTF laws and regulations. This role entails overseeing the Group Compliance AML/CTF policies and procedures, conducting periodic reviews of the AML/CTF program, managing transaction monitoring systems, and ensuring any breaches of applicable AML/CTF compliance are escalated to the Head of FCC in a timely manner. Responsibilities also include identifying, investigating, and reporting Suspicious Transaction Reports (STRs) to the UAE Financial Intelligence Unit (FIU) as required by relevant AML laws.
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Responsibilities
- Ensure effective implementation of the Group’s Compliance strategy within the AML team’s remit to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
- Manage and lead the AML team by setting individual objectives, managing performance, and developing staff to maximize performance.
- Oversee the implementation of the AML/CTF program within the Group to address current risks and remain agile to manage anticipated future risks.
- Ensure that all AML/CTF risks are appropriately identified through risk assessments conducted across business units and the Compliance function.
- Act as the primary point of contact with law enforcement authorities for their requests and investigations, and collaborate with regulators and external bodies on financial crime issues.
Requirements
- Bachelor’s Degree in Science, Finance, Business, or a related field; ACAMS certification or equivalent preferred.
- Approximately 10+ years of FCC experience focusing on AML/CTF gained at a top-tier international bank, financial regulator, or law enforcement authority, including 5+ years of experience with AML/CFT teams.
- Strong track record in managing regulators and stakeholders, with exceptional knowledge of AML/CTF and relevant regulatory requirements.
- Effective communication skills with the ability to influence outcomes and simplify complex topics for decision-making.
- Ability to perform innovative thinking to solve complex problems while balancing risk, speed, and accuracy.
