Compliance Officer & Money Laundering Reporting Officer (MLRO)

We are Hiring!!

Job Title: Compliance Officer & Money Laundering Reporting Officer (MLRO)

Employment Type: Permanent

Workplace Type: On-site

Note:

• Applicants must already be based in Dubai.
• School certificate/document must be attested in Dubai, UAE, through the Ministry of Foreign Affairs (MOFA).

We are seeking an experienced and highly skilled Compliance Officer & MLRO to join our team and ensure our full compliance with CBUAE regulations, FATF recommendations, and global financial crime prevention standards. The ideal candidate will bring deep expertise in AML/CFT frameworks, risk-based supervision, and transaction monitoring, and will act as the primary liaison with regulatory bodies.

Regulatory Oversight:

• Serve as the appointed Compliance Officer & MLRO with CBUAE, ensuring compliance with:

o CBUAE AML/CFT Guidelines & Guidance for Financial Institutions (including RPSP-specific guidance)

o Retail Payment Services Regulation (RPSCS Rulebook)

o FATF Recommendations, including Proliferation Financing (PF) and Targeted Financial Sanctions (TFS) requirements.

• Liaise with CBUAE, FIU, and other competent authorities on all AML-related matters
• Submit STRs/SARs via the goAML platform in a timely and complete manner

Compliance Program Management:

• Design, implement, and regularly update the AML/CFT framework in accordance with UAE laws, FATF standards, and RBS (Risk-Based Supervision) principles.
• Conduct regular enterprise-wide risk assessments covering products, geographies, customers, delivery channels, and PF/TFS exposure.
• Conduct annual self-assessment in line with CBUAE RBS requirements and maintain continuous monitoring protocols.
• Establish and maintain AML/CFT policies, procedures, and internal controls.

Transaction Monitoring & Investigation:

• Lead implementation and governance of transaction monitoring systems.
• Oversee alert reviews, case investigations, escalation protocols, and reporting.
• Integrate AML/CFT monitoring with fraud detection and cybersecurity incident reporting to ensure comprehensive oversight.
• Maintain a robust audit trail of all compliance decisions and documentation.

Customer / Business Due Diligence:

• Oversee KYC/KYB screening processes for onboarding and ongoing monitoring.
• Ensure adherence to CBUAE requirements on identity verification, beneficial ownership, risk scoring, and re-verification.
• Implement TFS screening and PF risk mitigation procedures at onboarding and throughout the customer lifecycle.

Training & Internal Awareness:

• Develop AML/CFT training modules (including PF/TFS compliance) for all staff and deliver periodically.
• Keep the Board Audit/Compliance Committee and senior management informed on key risks, STRs/SARs, PF/TFS compliance, and regulatory developments.
• Prepare quarterly reports, bi-annual compliance reports, and the Annual MLRO Report to CBUAE.
• Conduct annual AML/CFT training for the Board with signed declarations of completion.

Audit, Testing & Supervision:

• Lead internal compliance reviews and gap assessments.
• Participate in or lead responses to CBUAE inspections, audits, and corrective action plans.
• Maintain recordkeeping as per AML requirements (minimum 5 years).

License Support & Global Scheme Compliance:

• Provide regulatory compliance input for new license applications or service expansions.
• Ensure alignment with Visa, Mastercard, and other card network compliance requirements.
• Coordinate responses to external scheme audits.