Compliance Manager

The Money Laundering Reporting Officer (MLRO) is responsible for ensuring the organization’s full compliance with Anti -Money Laundering (AML) and Counter -Terrorist Financing (CTF) regulations. This involves developing, implementing, and maintaining robust AML/CTF policies, procedures, and controls tailored to the organization’s operations. The role includes conducting internal audits, monitoring transactions, and ensuring alignment with relevant regulatory requirements.

The MLRO serves as a key figure in risk management, driving compliance across the organization while promoting a culture of regulatory excellence. Additionally, the MLRO oversees efficient client onboarding processes in line with regulatory standards and ensures the organization meets all compliance deadlines.

Responsibilities:

• Oversees the organization's compliance with applicable AML and CTF laws, regulations, and guidelines
  
• Develop and maintain effective AML/CTF policies, procedures, and controls tailored to the corporate services industry
  
• Conducting regular internal reviews and audits to assess the effectiveness of the AML/CTF program and identify areas for improvement
  
• Establish robust transaction monitoring systems and processes to detect suspicious activities promptly
  
• Establishing and maintaining effective transaction monitoring systems to identify and report suspicious activities
  
• Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions
  
• Prepare AML reports for the management and file reports with the relevant authorities
  
• Ensure thorough and accurate collection of client identification and verification documents.
  
• Staying up to date with regulatory changes and ensuring the company's policies and procedures align with the latest requirements
  
• Providing training to employees on AML/CTF regulations, policies, and procedures
  
• Establish and maintain company’s Internal Blacklist in relation to AML/CFT to ensure that risk exposure is reduced
  
• Reviewing and, if necessary, escalating suspicious activities to the appropriate authorities, such as financial intelligence units or law enforcement agencies
  
• Collaborate and communicate effectively to ensure a culture of compliance throughout the organization
  
• Prepare and submit timely and accurate suspicious activity reports (SARs) to the relevant authorities as required
  

Requirements

• Degree qualified
  
• Minimum 5 years’ experience as compliance officer role within the corporate services industry & DFSA experience is mandatory
  
• Certifications such as Certified Anti -Money Laundering Specialist mandatory
  
• Thorough knowledge of UAE/KSA tax laws, regulations, and compliance requirements
  
• Should have excellent interpersonal, oral, and written communication skills