Money Laundering Reporting Officer
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Key skills for this role
About the Role
AKS Prime Group is hiring a Money Laundering Reporting Officer (MLRO) for a client in Dubai. The role involves establishing and managing the AML/CFT compliance framework, overseeing CDD/EDD, investigating suspicious transactions, and submitting STRs.
Key Skills for This Role
Responsibilities
- Develop, implement, and maintain the company’s AML/CFT compliance framework
- Ensure compliance with UAE AML laws, FATF recommendations, sanctions regulations, and regulatory expectations
- Oversee Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), KYC processes, and ongoing customer monitoring
- Review, investigate, and assess suspicious transactions and financial crime risks
- Prepare and submit Suspicious Transaction Reports (STRs/SARs) to relevant authorities
- Conduct enterprise wide AML risk assessments and recommend risk mitigation measures
- Monitor transaction monitoring and sanctions screening systems
- Develop, maintain, and update AML policies, procedures, internal controls, and compliance documentation
- Liaise with regulators, auditors, and relevant authorities
- Conduct AML/CFT training and awareness sessions for employees
- Provide regular AML compliance reports and updates to senior management and the Board
- Support continuous improvement of compliance processes and controls
Requirements
- Bachelor's degree in Law, Finance, Accounting, Business, or related field
- Professional certification such as ACAMS, ICA, or equivalent AML qualification
- 5 10+ years of experience in AML, compliance, financial crime, or regulatory risk management
- Proven experience managing AML responsibilities at a senior level
- Strong knowledge of UAE AML/CFT regulations, FATF recommendations, and regulatory requirements
- Hands on experience with KYC, CDD/EDD, sanctions screening, transaction monitoring, and regulatory reporting systems (including goAML)
Full Job Posting
About the Role
- We are supporting our client, a growing business setup and tax advisory company in the UAE, in their search for an experienced Money Laundering Reporting Officer (MLRO). The successful candidate will be responsible for establishing, managing, and overseeing the company’s Anti Money Laundering (AML)
Key Responsibilities
- Develop, implement, and maintain the company’s AML/CFT compliance framework in line with UAE regulations and international standards.
- Ensure compliance with UAE AML laws, FATF recommendations, sanctions regulations, and regulatory expectations.
- Oversee Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), KYC processes, and ongoing customer monitoring.
- Review, investigate, and assess suspicious transactions and financial crime risks.
- Prepare and submit Suspicious Transaction Reports (STRs/SARs) to the relevant authorities, including the Financial Intelligence Unit (FIU).
- Conduct enterprise wide AML risk assessments and recommend appropriate risk mitigation measures.
- Monitor transaction monitoring and sanctions screening systems to ensure compliance effectiveness.
- Develop, maintain, and update AML policies, procedures, internal controls, and compliance documentation.
- Liaise with regulators, auditors, and relevant authorities as required.
- Conduct AML/CFT training and awareness sessions for employees.
- Provide regular AML compliance reports and updates to senior management and the Board of Directors.
- Support continuous improvement of compliance processes and controls.
Qualifications & Experience
- Bachelor’s degree in Law, Finance, Accounting, Business, or a related field.
- Professional certification such as ACAMS, ICA, or equivalent AML qualification is preferred.
- 5–10+ years of experience in AML, compliance, financial crime, or regulatory risk management.
- Proven experience managing AML responsibilities at a senior level.
- Strong knowledge of UAE AML/CFT regulations, FATF recommendations, and regulatory requirements.
- Hands on experience with KYC, CDD/EDD, sanctions screening, transaction monitoring, and regulatory reporting systems (including goAML).
Key Skills
- Strong AML/CFT compliance expertise.
- Financial crime risk assessment and investigation skills.
- Regulatory reporting and compliance documentation.
- Strong analytical and problem solving abilities.
- Excellent communication and stakeholder management skills.
- Ability to work independently and manage compliance functions effectively.
Benefits
- UAE employment visa provided.
- Medical insurance coverage.
- Other benefits as per UAE Labour Law.
- Annual leave and statutory benefits as per UAE Labour Law.
- Career growth opportunities within a growing business environment.
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