Head of Compliance & MLRO - SCA (FAB Asset Management)

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial institution in the UAE seeks an AML Compliance Officer to oversee anti-money laundering strategies, ensuring adherence to regulatory frameworks. The role involves conducting quality testing, developing compliance policies, and maintaining systems to safeguard the organization’s integrity. Ideal candidates possess strong AML knowledge and relevant certifications.

Qualifications

• Strong knowledge of anti-money laundering (AML) and counter-terrorist financing (CFT) regulations.
• Clear communication skills, both written and verbal.
• Proven ability to develop and implement AML policies and internal controls.

Responsibilities

• Oversee AML and CTF frameworks, ensuring compliance with regulations.
• Conduct quality testing and enhance reporting to meet audit requirements.
• Manage and maintain compliance systems for customer and transaction screening.

Skills

Knowledge of AML laws

Regulatory compliance

Communication skills

Education

Certification from a recognized regulatory body

Job description

JOB PURPOSE

Review and ensure that anti-money laundering (AML) Policies, Procedures, and controls cover all applicable laws and regulations, with a particular focus on SCA regulatory scope. Review account opening documentation and client onboarding due diligence checks in accordance with KYC procedures and requirements. Update the AML manual according to the AML Module and Internal Rules. Design and deliver training for business and functional teams. Ensure sufficient review of applicable audit findings and evaluate the business's corrective action plans.

KEY ACCOUNTABILITIES:

• Oversee AML and counter-terrorist financing (CTF) frameworks to protect FAB Asset Management's reputation and integrity.
• Ensure fulfillment of regulatory compliance requirements.
• Conduct quality testing, identify process deficiencies, enhance reporting, and recommend corrective actions to meet regulatory and audit requirements.
• Review and collaborate with internal partners to respond appropriately to escalated matters.
• Monitor and disseminate AML/compliance regulations and policy changes.
• Manage a direct reporting line to the board and an administrative reporting line to the CEO.
• Fulfill regulatory reporting requirements.
• Maintain compliance systems (e.g., customer screening, transaction screening, AML monitoring).
• Ensure AML Policies, Procedures, and Controls are up to date.

Qualifications :

• Strong knowledge of AML and counter-terrorist financing (CFT) laws, regulations, compliance frameworks, and risk management practices, with certification from a recognized regulatory body.
• Robust understanding of legal and regulatory compliance.
• Clear and concise written and verbal communication skills.
• Good understanding of AML risk, including higher-risk geographies, industries, and products.
• Proven ability to develop and implement AML and Compliance Policies, Procedures, and internal controls.

Remote Work : No

Employment Type : Full-time