Compliance Officer & MLRO – Dubai

Full time @Tradition posted 11 months ago

Job Description

Tradition is currently seeking to appoint a Compliance Officer & MLRO to be based within the Dubai office.

Main responsibilities within the Compliance Officer & MLRO position include:

  • Establish, review, implement and maintain effective compliance and AML policies, procedures, systems and controls in compliance with applicable compliance and AML regulations and the organizations KYC/AML standards;
  • Prepare any and all compliance and AML reports for regulatory reporting, internal reporting and reporting to head office;
  • Identify, assess and implement all relevant new legal and regulatory developments;
  • Work with senior management and the Board to review and implement all relevant compliance and AML policies;
  • Collaborate and liaise with internal departments, regulators, authorities and external service providers to resolve legal and compliance issues;
  • Continuously update and advise all employees and the Board of their regulatory responsibilities and the company’s policies and procedures;
  • Work with senior management, SEO and the board on any new business projects;
  • Make practical and acceptable recommendations where systems and procedures are in need of enhancing;
  • Support and build the business strategy of the firm representing the compliance capabilities;
  • Educate employees through regular training and awareness sessions;
  • Perform the role of Money Laundering Reporting Officer for the entity, acting as a focal point for employees to escalate suspicions of terrorist financing or money laundering activities and manage AML risks;
  • Perform customer due diligence checks (KYC) on new clients as per the firm’s requirements and in accordance with firm wide AML standards;
  • You would be expected to escalate appropriate AML risks/breaches to management;
  • Keep pace with developments in AML/CFT laws and regulations, trends, techniques, and update indicators of money laundering or terrorist financing;
  • Perform daily review, monitoring, and analysis of transaction alerts using internal data to identify trends and unusual activity to determine if transactions are suspicious in nature;
  • Monitor client acceptance, conduct on-going review of client files, transaction monitoring and risk review;
  • Discuss with desk heads, brokers and the deputy MLRO about any unusual transactions;
  • Develop a regular monitoring procedures and practices to assess the adequacy and effectiveness of internal systems of control and measures implemented by the Company;
  • Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of any problematic issues;
  • Manage the relevant firm license processes and employee registrations requirements;

Key skills, experience and competencies required to be successful in this role:

  • Previous experience in a similar position;
  • Compliance related accreditations or qualifications preferable;
  • Strong analytical & problem solving skills;
  • Independent, hands-on and takes accountability to deliver solutions and results;
  • Ability to adapt and work in a smaller, dynamic local team environment; along with being part of a bigger matrix organization;
  • Integrity and professional ethics;
  • Business acumen;
  • You have a hands-on mentality, stress resistance as well as a willingness to take an active role in our company;
  • Highly developed analytical, observational and communication skills;
  • Reliable, precise, well organized;
  • Can work under pressure and in a fast-paced environment;
  • Commitment to continued learning, remaining well-informed regarding internal standards and business goals;
  • High level of integrity and discretion, handling confidential information.
  • Ability to liaise with a wide range of people on a variety of levels.
  • Ability to assess, design and introduce new processes
  • Ability to create, review, implement and monitor systems and controls

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