Officer - Due Diligence (UAE Nationals)

DMCC (Dubai Multi Commodities Centre); Dubai; On-site; AED 60,000 - 90,000; Full time

Job summary

DMCC, a leading free zone in Dubai, is seeking a Due Diligence Officer responsible for ensuring compliance with AML/CFT regulations. The role involves assisting in due diligence processes for new company applications and providing support for regulatory inspections. Ideal candidates will hold a Bachelor's degree in business or finance and possess compliance-related certifications, contributing to DMCC's reputation as a premier business hub.

Benefits

Market competitive basic salary

Housing allowance

Pension Scheme

Discretionary bonus schemes

Generous annual leave

Medical and life insurance cover

Retail discounts with over 450 outlets

Well-being initiatives throughout the year

Qualifications

• Bachelor’s degree from a university.
• Degree in business or finance preferred.
• Compliance and risk certifications preferred.

Responsibilities

• Assist in due diligence and monitoring processes to ensure compliance.
• Conduct inspections of DMCC member companies to comply with AML/CFT laws.
• Support the Head of Compliance in various regulatory tasks.

Skills

Regulatory compliance

Risk assessment

Due diligence

Analytical skills

Education

Bachelor’s degree

Degree in business or finance

Compliance and risk certifications

Job description

Direct message the job poster from DMCC (Dubai Multi Commodities Centre)

DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.

Company Profile :

DMCC is a center of global trade. Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, home to over 25,000 member companies and the leading trade and enterprise hub for commodities. Whether developing vibrant neighborhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai or delivering high-performance business services, DMCC provides everything its dynamic community needs to live, work, and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future.

Role Summary :

Responsible for assisting the Team Leader - Due Diligence and Senior Officer - Due Diligence in the performance of the due diligence and monitoring processes on new company, member or other business stakeholder applications, amendments and other submissions to ensure company operations are compliant and to maintain DMCCA’s reputation as a free zone authority that upholds the highest standards of regulation. Responsible for assisting and supporting the Head of Compliance Operations in respect to various AML – CFT workshops & specific AML / CFT inspections on DMCC member companies, delivering further guidance, information, and supervision of DNFBPs. Dealing with external government bodies. Supporting Head of Compliance Operations in designing and developing a regulatory policy framework.

Key Responsibilities :

• Ongoing Regulations – FATF Key Tasks – Work with Ministry of Economy and Head of Compliance Operations to ensure inspections are undertaken in a structured manner on DNFBPs (DMCC Member Companies) to comply with UAE AML / CFT laws.
• Support Head of Compliance operations on delivering further guidance, information, and supervision of DNFBPs. Review existing DNFBP sectors and underlying licenses to ensure registration on goAML.
• Support Head of Compliance operations to ensure inspections are undertaken in a structured manner on DNFBPs (DMCC member companies) to comply with AML / CFT laws.
• Creation of awareness for DNFBPs on AML / CFT requirements / obligation.
• Co-ordinating with Ministry of Economy for identification of DNFBPs and registration on goAML.
• Undertaking the task to create awareness among DNFBPs on AML / CFT requirements / obligation.
• Ensure that Letters of Undertaking are either added or amended to advise Companies that choose licenses which fall under specific DNFBP sectors of their AML / CFT legal obligations
• Delivery of reports required by Ministry of Economy on DNFBPs.
• Support DMCC AML / CFT team in FATF mutual evaluation readiness project including : 1) attendance at workshops, 2) completing reports and other provision of other requested information.
• Conducting screening processes for new and existing members to ensure compliance with due diligence policies, procedures and KPIs.
• Overseeing analysis, evaluation and assessments of risk rating and recommending ratings in accordance with Function Authority Matrix.
• Carrying out analysis, evaluation and assessment in response to service requests in accordance with policies, procedures and Function Authority Matrix.
• Analysis, evaluation and assessments of Know Your Customer documents in accordance with applicable laws and regulations.
• Identifying any suspicious activity pertaining to applicants and / or existing members.
• Providing support and advice to Member Success and Operations representatives in respect of service requests.

Qualifications :

• Bachelor’s degree from university
• Degree in business or finance preferred
• Compliance and risk certifications preferred

The successful candidate will enjoy the following :

• Working at the world’s best Free Zone with highly motivated colleagues
• A very diverse workforce from all around the globe
• Well-being initiatives all over the year
• Market competitive basic salary
• Housing allowance
• Other alternative family benefits
• Pension Scheme
• Discretionary bonus schemes
• Generous annual leave
• Medical and life insurance cover
• Free covered parking
• Retail discounts with over 450 outlets across JLT.

Seniority level

Seniority level

Entry level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Administrative

Government Administration

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