The Compliance Officer will support the Money Laundering Reporting Officer (MLRO) in ensuring the organization's full compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. This includes leading compliance efforts, conducting in-depth due diligence, managing risk assessments, and driving the implementation of AML/CFT policies and controls.
Key Responsibilities
Compliance Operations:
- Conduct advanced investigations into flagged transactions or compliance breaches and recommend corrective actions
- Manage and update internal blacklists and ensure compliance systems are effective and up to date
- Coordinate compliance-related responses to inquiries from regulatory authorities, such as the DFSA ,ADGM and MOE
Client Facing:
- Collect, review and validate client identification and verification documents, ensuring full compliance with AML/CFT regulations
- Provide guidance to departments on regulatory requirements, new products, and permissible activities to promote best practices
- Communicate updates, changes, and insights to MLRO and senior management, business development, and client facing teams to strengthen the organization's compliance framework
- Engage directly with clients on complex compliance matters, explaining regulatory requirements and addressing escalations
- Support contract renewals by ensuring adherence to AML/CFT regulations
Regulatory Updates and Audits:
- Stay up to date with regulatory changes, ensuring the company's policies and procedures align with current requirements
- Participate and provide training and timely updates to employees on AML/CFT regulations, policies, and procedures
- Collaborate and communicate effectively to foster a culture of compliance throughout the organization and participate in blogs , seminars and other relevant activities
- Monitor regulatory changes and support policy updates in coordination with the MLRO
- Assist in internal and external compliance audits, ensuring findings are addressed promptly
Collaboration and Communication:
- Coordinate with cross-functional teams to align compliance practices with business operations
- Assist to prepare periodic reports to the MLRO and senior management
Experience and education
- Bachelor's degree in finance, law, business, or a related field
- Certifications such as Certified Anti-Money Laundering Specialist (CAMS) or International Compliance Association (ICA) preferred
- 3+ years experience as a compliance officer within the corporate services/ financial industry preferably within a DFSA/ADGM -regulated environment
