Money Laundering Reporting Officer (MLRO)

Aventus Global Talent; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A reputable financial institution in Dubai is looking for a seasoned Money Laundering Reporting Officer (MLRO). The MLRO will be responsible for ensuring compliance with AML regulations, overseeing AML frameworks, and acting as a liaison with regulatory authorities. Ideal candidates will have 7+ years of experience in AML compliance, an understanding of UAE laws, and proven analytical skills. This role offers an opportunity to significantly impact the institution's compliance culture.

Qualifications

• Minimum 7 years’ experience in AML/CTF compliance within banking or financial services.
• At least 3 years in a dedicated MLRO or senior compliance role.
• In-depth knowledge of UAE and international AML laws.
• Proven ability to manage complex investigations and compliance programs.

Responsibilities

• Oversee the bank’s AML/CTF compliance program and ensure adherence to regulations.
• Monitor, review, and investigate suspicious activity reports.
• Act as a contact for regulatory bodies on AML matters.
• Develop and implement AML policies and controls.
• Provide AML training and awareness sessions.
• Conduct regular risk assessments and internal audits.
• Prepare and submit regulatory reports for compliance reviews.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s degree in Law, Finance, Business or a related discipline

Professional AML certifications (e.g., CAMS, ICA)

Job description

Title and Location

Money Laundering Reporting Officer (MLRO)
Dubai, United Arab Emirates

About the Client

Our client, a reputable financial institution based in the UAE, is seeking a seasoned Money Laundering Reporting Officer (MLRO) to join their team. The role is pivotal in ensuring the bank’s compliance with AML regulations, overseeing anti-money laundering frameworks, and acting as the key liaison with regulatory authorities.

Key Responsibilities

• Oversee the bank’s AML/CTF compliance program, ensuring adherence to local and international regulatory requirements.
• Monitor, review, and investigate suspicious activity reports (SARs) and ensure timely escalation of potential money laundering or fraud risks.
• Act as the primary point of contact for regulatory bodies and law enforcement on AML matters.
• Develop and implement AML policies, procedures, and controls in line with evolving regulations.
• Provide AML training and awareness sessions for staff across business units.
• Conduct regular risk assessments and internal audits related to money laundering risks.
• Prepare and submit regulatory reports and maintain accurate documentation for compliance reviews and audits.

Key Requirements

• Bachelor’s degree in Law, Finance, Business or a related discipline, professional AML certifications (e.g., CAMS, ICA) highly preferred.
• Minimum 7 years’ experience in AML/CTF compliance within banking or financial services, with at least 3 years in a dedicated MLRO or senior compliance role.
• In-depth knowledge of UAE and international AML laws, regulations, and best practices.
• Proven ability to manage complex investigations and compliance programs.
• Strong analytical and problem-solving skills with keen attention to detail.
• Excellent communication skills, capable of liaising effectively with regulators, senior management, and operational teams.
• Demonstrated ability to work independently and uphold high ethical standards.