Money Laundering Reporting Officer (MLRO)

Money Laundering Reporting Officer (MLRO)

We are seeking a seasoned and detail-oriented Money Laundering Reporting Officer (MLRO) to lead our compliance efforts. The MLRO will ensure adherence to anti-money laundering (AML) regulations while driving strategic compliance initiatives. This position requires a professional with extensive expertise in AML laws and a proven track record in managing compliance and risk within the fintech or regtech industries.

Key Responsibilities

Regulatory Compliance

• Ensure the AML screening tool fully complies with all applicable AML laws, regulations, and guidelines
• Monitor regulatory developments and implement timely adjustments to maintain compliance
• Act as the primary liaison with regulatory authorities, managing all correspondence and reporting obligations
• Conduct comprehensive risk assessments to identify and mitigate AML-related risks
• Develop and implement effective risk management strategies aligned with organizational objectives

Policy and Procedure Development

• Establish and refine AML policies and procedures to ensure operational efficiency and regulatory compliance
• Maintain comprehensive and accessible documentation for all compliance policies and updates

Training and Education

• Design and deliver ongoing training programs to educate employees on AML regulations, risk indicators, and the appropriate use of AML tools
• Develop detailed training materials to ensure awareness of organization-wide compliance

Reporting and Record-Keeping

• Oversee accurate and timely reporting of suspicious transactions to relevant authorities
• Maintain meticulous records of all AML activities for audit readiness and compliance validation

Audit and Investigation Support

• Lead internal audits related to AML compliance, providing thorough analysis and actionable insights
• Support external audits and inspections with precise documentation and responses

Improvement and Optimization

• Provide expert feedback to enhance the AML screening tool's functionality and alignment with regulatory standards
• Collaborate with technical teams to refine system capabilities and performance

Qualifications

Education

• Bachelor's degree in Law, Finance, Business, or a related discipline (Master's degree preferred)

Certifications

• Certified Anti-Money Laundering Specialist (CAMS) or an equivalent certification is mandatory
• Preferred certifications include ICA, CFE, or other credentials in compliance and risk management

Experience

• At least 7 years of progressive experience in AML compliance and risk management, preferably within fintech or related sectors
• Demonstrated expertise in implementing and managing AML frameworks and technologies
• Proven ability to lead cross-functional teams in high-stakes compliance environments

Skills

• In-depth understanding of global AML regulations and best practices
• Exceptional analytical and critical-thinking abilities, with a focus on risk assessment and resolution
• Strong communication and interpersonal skills to effectively engage with internal teams and external regulators
• Advanced organizational skills with a commitment to detail and accuracy
• Proactive and results-driven mindset with a collaborative approach to problem-solving

Why Join Us

• Strategic Impact: Shape and lead compliance initiatives in a dynamic and innovative fintech environment
• Cutting-Edge Innovation: Collaborate with a forward-thinking team to develop and refine industry-leading compliance solutions
• Attractive Compensation: Competitive remuneration package with performance incentives and benefits
• Prime Location: Work in Dubai, a global hub for fintech excellence and innovation
• Professional Growth: Benefit from continuous learning and development opportunities in a rapidly evolving sector