Job Description

Job Purpose

To ensure that the company's operations, policies, and business practices comply with all applicable UAE laws and regulations -- particularly those relating to

Anti-Money Laundering (AML)

,

Counter Terrorism Financing (CTF)

, and

Sanctions compliance

. The Compliance Officer / MLRO acts as the focal point between the company and regulatory authorities such as

DMCC

,

UAE FIU

, and

GoAML

, ensuring full regulatory reporting and due diligence obligations are met.

Key Responsibilities

1. Regulatory Compliance & Governance

Develop, implement, and maintain the company's

Compliance and AML/CFT policies and procedures

in accordance with UAE laws (Cabinet Decision No. 10 of 2019, AML Regulations for DNFBPs, etc.). Ensure adherence to

DMCC Compliance Guidelines

,

GoAML reporting obligations

, and

FATF recommendations

. Monitor and assess regulatory developments, ensuring timely updates to internal compliance frameworks. Prepare and submit periodic compliance and risk assessment reports to management and relevant authorities.

2. AML / CFT Responsibilities

Act as the

Money Laundering Reporting Officer (MLRO)

and primary point of contact with

UAE FIU

via the

GoAML platform

. Conduct and oversee

Customer Due Diligence (CDD)

and

Enhanced Due Diligence (EDD)

on all new and existing clients. Review and approve all high-risk client files, ensuring appropriate

risk-based approach (RBA)

is applied. Monitor transactions for unusual or suspicious activities, escalating and filing

Suspicious Transaction Reports (STRs)

and

Suspicious Activity Reports (SARs)

where necessary. Maintain comprehensive records of AML/CFT due diligence, risk assessments, and internal reports.

3. Internal Controls & Training

Conduct

regular internal compliance audits

and

risk assessments

to identify control weaknesses or compliance gaps. Deliver periodic

staff training

on AML/CFT, sanctions, and regulatory obligations. Ensure all employees are aware of their responsibilities under the AML framework. Establish an internal whistleblowing mechanism to report unethical or suspicious conduct.

4. KYC / Transaction Monitoring

Verify the legitimacy and background of clients and suppliers, particularly when dealing with

precious metals, bullion imports, and cross-border trades

. Ensure compliance with

"Know Your Supplier (KYS)"

and

"Know Your Customer (KYC)"

principles, including beneficial ownership verification. Monitor trade and cash transactions for alignment with expected business profiles and declared sources of funds.

5. Liaison & Reporting

Serve as the liaison between the company and

DMCC Compliance Department

,

Central Bank

, and

UAE FIU

. Ensure timely submission of all mandatory reports (STR, ESR, Compliance returns, Annual AML reports). Respond to regulatory inquiries, inspections, and audits in a timely and professional manner.

Qualifications & Experience

Bachelor's degree in

Law, Finance, Business, or related discipline

(Master's preferred). Minimum

3-5 years of compliance experience

in the

precious metals, commodities, or financial sector

within the UAE. Strong understanding of

UAE AML/CFT Regulations

,

FATF Recommendations

, and

Sanctions regimes (UN, OFAC, EU)

. Prior experience with

GoAML reporting

and

DMCC compliance audits

preferred. ACAMS or ICA certification is an advantage.

Key Skills

Excellent knowledge of AML, CFT, and sanctions compliance. Strong analytical and investigative skills. Excellent communication and report-writing ability. High level of integrity, ethics, and attention to detail. Ability to work independently and interface with regulatory bodies.

Remuneration

Competitive salary based on experience, with performance-based incentives.

Job Type: Full-time