Compliance Manager & MLRO
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Key skills for this role
About the Role
Creation Business Consultants is hiring a Compliance Manager & MLRO to ensure full AML/CTF compliance. The role involves developing policies, conducting audits, monitoring transactions, and filing suspicious activity reports.
Key Skills for This Role
Responsibilities
- Oversee the organization's compliance with applicable AML and CTF laws, regulations, and guidelines.
- Develop and maintain effective AML/CTF policies, procedures, and controls tailored to the corporate services industry.
- Conduct regular internal reviews and audits to assess the effectiveness of the AML/CTF program.
- Establish robust transaction monitoring systems and processes to detect suspicious activities promptly.
- Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions.
- Prepare AML reports for management and file reports with relevant authorities.
- Ensure thorough and accurate collection of client identification and verification documents.
- Stay up to date with regulatory changes and ensure company policies align with latest requirements.
- Provide training to employees on AML/CTF regulations, policies, and procedures.
- Establish and maintain company’s Internal Blacklist in relation to AML/CFT.
- Review and escalate suspicious activities to appropriate authorities.
- Prepare and submit timely and accurate suspicious activity reports (SARs) to relevant authorities.
Requirements
- Degree qualified
- Minimum 5 years’ experience as compliance officer role within the corporate services industry
- DFSA experience is mandatory
- Certifications such as Certified Anti Money Laundering Specialist (CAMS) mandatory
- Thorough knowledge of UAE/KSA tax laws, regulations, and compliance requirements
- Excellent interpersonal, oral, and written communication skills
Full Job Posting
Role Overview
- The Money Laundering Reporting Officer (MLRO) is responsible for ensuring the organization’s full compliance with Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) regulations.
- This involves developing, implementing, and maintaining robust AML/CTF policies, procedures, and controls tailored to the organization’s operations.
- The role includes conducting internal audits, monitoring transactions, and ensuring alignment with relevant regulatory requirements.
- The MLRO serves as a key figure in risk management, driving compliance across the organization while promoting a culture of regulatory excellence.
- Additionally, the MLRO oversees efficient client onboarding processes in line with regulatory standards and ensures the organization meets all compliance deadlines.
Responsibilities
- Oversees the organization's compliance with applicable AML and CTF laws, regulations, and guidelines.
- Develop and maintain effective AML/CTF policies, procedures, and controls tailored to the corporate services industry.
- Conducting regular internal reviews and audits to assess the effectiveness of the AML/CTF program and identify areas for improvement.
- Establish robust transaction monitoring systems and processes to detect suspicious activities promptly.
- Establishing and maintaining effective transaction monitoring systems to identify and report suspicious activities.
- Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions.
- Prepare AML reports for the management and file reports with the relevant authorities.
- Ensure thorough and accurate collection of client identification and verification documents.
- Staying up to date with regulatory changes and ensuring the company's policies and procedures align with the latest requirements.
- Providing training to employees on AML/CTF regulations, policies, and procedures.
- Establish and maintain company’s Internal Blacklist in relation to AML/CFT to ensure that risk exposure is reduced.
- Reviewing and, if necessary, escalating suspicious activities to the appropriate authorities, such as financial intelligence units or law enforcement agencies.
What you’ll need
- Degree qualified.
- Minimum 5 years’ experience as compliance officer role within the corporate services industry & DFSA experience is mandatory.
- Certifications such as Certified Anti Money Laundering Specialist mandatory.
- Thorough knowledge of UAE/KSA tax laws, regulations, and compliance requirements.
- Should have excellent interpersonal, oral, and written communication skills.
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