Compliance Officer/Money Laundering Reporting Officer
Posted
Description
Compliance Duties:
- Collaborate in the development and implementation the following
- 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, oversight of and responsibility for the following matters: o day-to-day operations for compliance policies, procedures, systems and controls;
- Acting as the point of contact with the employees for the filing of internal Suspicious Activity Reports (“iSAR”s)
- Taking appropriate action following receipt of iSAR
- Filing of Suspicious Activity Reports
- Acting as the point of contact within TMF for competent U.A.E. authorities and the Regulator regarding money laundering issues;
- Responding promptly to any request for information made by competent U.A.E. authorities or the Regulator;
- Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, Sanctions, notices or other conclusions described in Chapter 11 of the AML Rulebook; and
- Establishing and maintaining an appropriate money laundering training program and adequate awareness arrangements under Chapter 13 of the AML Rulebook (FSRA) and by the by the DFSA’s AML Module
Qualifications:
- Holder of a Professional Qualification or a Degree holder in Law or Finance or other relevant fields
- Holder qualification in Financial Crimes, ACAMs, ICA, etc.
- Must demonstrate practical knowledge of UAE-specific anti-money laundering laws, goAML portal reporting, risk assessments, and sanctions frameworks
- UAE Resident with more that 5 years' experience in the UAE as CO/MLR
- Have the necessary expertise to be appointed as the CO/MLRO in a Category 3C Company (Administrator of a Collective Investment Fund, and Trust Service Provider) license with the FSRA and in a Category 4 company (Activity - Providing Fund Administration) licensed with the DFSA