Compliance Officer and MLRO

Job description / Role

Role Purpose
Responsible for ensuring compliance with applicable laws and regulations, managing AML/CFT policies, and acting as the primary contact with regulators.

Key Responsibilities, Accountabilities And Activities

• Develop and maintain a thorough understanding of applicable laws and regulations.
• Create compliance standards and monitoring/reporting mechanisms.
• Identify potential compliance vulnerabilities and assess risks.
• Monitor implementation of corrective action plans for non-compliance.
• Recommend or initiate investigations for violations of rules and regulations.
• Provide periodic compliance status reports to the MD & Board Members.
• Advise management on procedural changes and draft new/amended procedures.
• Act as the focal point for contact with regulators and industry authorities.
• Ensure timely CBB reporting and maintain all related correspondence.
• Maintain and update compliance policies and procedures regularly.
• Compile and submit Key Risk Indicators for review.
• Handle customer complaints and report them to regulators quarterly.
• Perform due diligence measures and client onboarding, including screening sanctions.
• Review client data and reconcile accounts monthly/quarterly.
• Maintain clients’ due diligence and transaction records for five years.
• Receive and review internal reports from management.
• Establish and maintain AML/CFT policies and procedures.
• Arrange staff awareness initiatives and maintain training records.
• Report annually to the Board on internal reports.
• Ensure compliance with AML laws and internal policies.
• Monitor application of AML policies and procedures.
• Make external reports to relevant authorities.
• Investigate internal suspicious transaction reports.
• Support senior management with AML/CFT KPI implementation.

• Relevant experience in compliance and AML/CFT regulations.
• Strong understanding of applicable laws and regulations.

Skills
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work collaboratively and manage multiple tasks.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties.

We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more.

Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering