Compliance Officer (MLRO)

Oxford Management Consultancy; Dubai; On-site; AED 300,000 - 600,000; Full time

Job summary

Oxford Management Consultancy is hiring a Compliance Officer to serve as Money Laundering Reporting Officer (MLRO) in the United Arab Emirates. You will lead the anti-money laundering and counter-terrorist financing programme for a regulated corporate service provider in Dubai.

Key responsibilities include reviewing new clients, conducting enhanced due diligence, monitoring sanctions, filing SARs on goAML, and maintaining compliance with UAE laws.

Qualifications

• 3+ years of AML compliance work in the UAE, ideally at a corporate service provider, bank, law firm or audit firm.
• Sound knowledge of UAE AML rules for designated non-financial businesses and professions (DNFBPs).
• CAMS, ICA or a similar qualification is a plus.
• UAE residence, or the ability to get it.

Responsibilities

• Review every new client before we take them on: identity, ownership, source of funds and risk rating, with enhanced due diligence where the risk calls for it.
• Screen clients and their owners against UN, UAE and other sanctions lists, and decide on any match.
• File suspicious transaction and activity reports on goAML and keep our registration current.
• Keep our AML policy, business risk assessment and procedures in line with UAE law.
• Train the team and check the rules are followed day to day.
• Be our contact with the supervising Ministry and the UAE Financial Intelligence Unit.

Skills

AML compliance

Sanctions screening

Due diligence

Regulatory awareness

Job description

We are hiring a Compliance Officer to be our Money Laundering Reporting Officer (MLRO). You will run our anti-money laundering and counter-terrorist financing programme as a regulated corporate service provider in the UAE.

What you will do

• Review every new client before we take them on: identity, ownership, source of funds and risk rating, with enhanced due diligence where the risk calls for it.
• Screen clients and their owners against UN, UAE and other sanctions lists, and decide on any match.
• File suspicious transaction and activity reports on goAML and keep our registration current.
• Keep our AML policy, business risk assessment and procedures in line with UAE law.
• Train the team and check the rules are followed day to day.
• Be our contact with the supervising Ministry and the UAE Financial Intelligence Unit.

What you bring

• 3+ years of AML compliance work in the UAE, ideally at a corporate service provider, bank, law firm or audit firm.
• Sound knowledge of UAE AML rules for designated non-financial businesses and professions (DNFBPs).
• CAMS, ICA or a similar qualification is a plus.
• UAE residence, or the ability to get it.