AML /Compliance Officer

Job Title: AML/Compliance Officer
Location: Dubai, UAE

We are seeking a detail-oriented and experienced AML/Compliance Officer to join our compliance team in Dubai. This role will focus on ensuring that the company adheres to local and international regulatory requirements, particularly in Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and other related areas. The AML/Compliance Officer will assist in the development and implementation of compliance policies and procedures to minimize regulatory risk.

Key Responsibilities -

1. Monitor and ensure compliance with applicable AML and CTF regulations in the UAE and internationally, including FATF guidelines and local laws.
2. Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of transactions and customers to identify suspicious activity.
3. Review and analyze client profiles and transaction patterns to identify potential risks of money laundering or terrorism financing.
4. Prepare and submit suspicious activity reports (SARs) and assist in reporting to the UAE authorities, including the Financial Intelligence Unit (FIU).
5. Provide compliance advice and training to internal departments and employees on AML policies, regulatory changes, and industry best practices.
6. Conduct internal investigations and audits to ensure adherence to compliance requirements and internal procedures.
7. Assist in the development, implementation, and updating of the company’s AML and Compliance policies and procedures.
8. Monitor regulatory developments and advise the business on potential impact, ensuring proactive compliance measures are taken.
9. Collaborate with internal and external auditors, as well as regulatory bodies, during audits or inspections.
10. Ensure timely and accurate completion of regulatory filings and documentation.
11. Stay updated on emerging trends, risks, and technologies within the AML and compliance space.

Desired Candidate Profile

1. Bachelor’s degree in Business, Finance, Law, or related field (Advanced qualifications or certifications in compliance/AML are a plus).
2. Minimum 3-5 years of experience in a compliance, AML, or regulatory role, preferably within the UAE or GCC region.
3. Sound knowledge of UAE financial regulations and international AML/CTF standards (FATF, EU regulations, etc.).
4. Strong analytical skills with attention to detail and the ability to assess complex situations.
5. In-depth understanding of AML systems, transaction monitoring software, and compliance tools.
6. Strong communication and interpersonal skills to liaise effectively with various stakeholders, including regulators, clients, and internal teams.
7. Ability to work independently and as part of a team in a fast-paced, dynamic environment.