Description:
We are looking for a skilled Money Laundering Reporting Officer (MLRO) to oversee the anti-money laundering (AML) efforts within the organization. As the MLRO, you will be responsible for ensuring the company’s compliance with all AML regulations, conducting risk assessments, and managing internal reporting procedures.
Key Responsibilities:
- Develop and implement AML policies and procedures in line with the latest regulatory requirements.
- Conduct regular risk assessments and monitor the effectiveness of the AML framework.
- Oversee and manage the reporting of suspicious transactions, ensuring timely and accurate submission to authorities.
- Provide guidance and training to staff on AML regulations, company policies, and reporting procedures.
- Act as the primary point of contact for regulatory bodies on all AML matters.
- Maintain and update records related to customer due diligence (CDD) and enhanced due diligence (EDD).
- Lead investigations into any suspicious activities and collaborate with relevant authorities when needed.
- Ensure compliance with local and international AML laws and regulations, including FATF, the UAE Central Bank, and relevant authorities.
- Manage the ongoing monitoring of transactions and client accounts for potential money laundering activity.
Requirements:
- Minimum 4 years of experience as FSRA approved MLRO roles within CSP registered companies in ADGM.
- Strong knowledge of UAE and international AML regulations, including FATF, and the UAE Central Bank guidelines.
- Proven ability to develop and implement effective AML policies and procedures.
- Exceptional attention to detail and the ability to manage complex compliance issues.
- Excellent communication skills with the ability to present complex issues clearly to senior management and regulators.
- Strong analytical and problem-solving skills, with experience in investigating suspicious activities.
- Bachelor’s degree in a relevant field; further certifications in AML/financial crime prevention are preferred.