AML Compliance Officer- Fintech/Brokerage Firm

Confidential Company; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading firm in the fintech brokerage sector is seeking an AML Compliance Officer. The successful candidate will develop and implement AML programs, evaluate risks, and ensure adherence to regulations. This role requires a bachelor's degree and at least 5 years of experience in AML compliance or a related field, along with strong technical and analytical skills.

Qualifications

• At least 5 years experience in AML Compliance or related field.
• Deep understanding of relevant legislation, such as the Bank Secrecy Act (BSA).
• Proficiency in KYC and CDD procedures.

Responsibilities

• Develop and implement AML programs and policies.
• Evaluate customer risks and file SARs when necessary.
• Work with law enforcement on investigations.

Skills

Analytical skills

Communication Skills

Attention to details

Collaboration and teamwork

Time management

Integrity

Adaptability

Education

Bachelor’s degree in related fields

Tools

transaction monitoring systems

Job description

AML Compliance Officer- Fintech/Brokerage Firm

• Develop and Implement AML Programs: create policies and procedures to identify, assess, and mitigate the risk of money laundering and terrorist financing;
• Regularly evaluate the risks associated with customers, products, and services to allocate resources effectively;
• Use systems to review financial transactions for suspicious activity and flag potential money laundering;
• Dig deeper into concerning transactions to understand their source and purpose;
• File Suspicious Activity Reports (SARs) with relevant authorities when money laundering or terrorist financing is suspected;
• Keep abreast of changing regulations, financial crime trends, and emerging technologies;
• Work with law enforcement agencies to investigate potential criminal activity;
• Ensure adherence to internal and external regulations and guidelines

Desired Candidate Profile

· Should be based in UAE

· Bachelor’s degree in related fields such as law, finance etc.

· At least 5 years experience in AML Compliance or a related field

Technical Skills:

• Regulatory knowledge: A deep understanding of relevant legislation, such as the Bank Secrecy Act (BSA) and related AML regulations, is fundamental.
• KYC Knowledge: Mastery of Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures is essential for identifying high-risk customers and preventing financial crimes.
• Technical skills: Proficiency in using transaction monitoring systems and tools to detect suspicious activity is crucial.
• Risk assessment: Ability to assess and manage AML risks, including developing and implementing internal controls.

Soft Skills:

• · Analytical skills: The ability to analyze complex data, identify suspicious patterns and solve complex problems related to financial crime is essential.
• · Communication Skills: Effectively communicating with colleagues, management, regulatory authorities, and law enforcement agencies is crucial.
• Attention to details: The ability to meticulously examine financial transactions and identify inconsistencies or anomalies is critical.
• Handling sensitive information with discretion and maintaining confidentiality is crucial.
• · Collaboration and teamwork: Ability to work with cross-functional teams.
• · Time management: Ability to prioritize tasks and meet deadlines.
• · Integrity: Strong moral compass and commitment to ethical behavior.
• · Adaptability: Flexibility in responding to changing regulatory requirements.

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