Compliance Manager

The Money Laundering Reporting Officer (MLRO) is responsible for ensuring the organizationu2019s 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 organizationu2019s 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 companyu2019s 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 • Collaborate and communicate effectively to ensure a culture of compliance throughout the organization • Prepare and submit timely and accurate suspicious activity reports (SARs) to the relevant authorities as required • Degree qualified • Minimum 5 yearsu2019 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