Money Laundering Reporting Officer (MLRO)

Job description / Role

Only candidates who meet the following criteria will be considered:
- Minimum 5 years’ experience in an MLRO role in the financial services industry.
- Currently living in the United Arab Emirates – able to live or commute to Abu Dhabi.

Client Profile
- Our client is a well-reputed financial services firm providing mortgages, insurance, pensions, securities, investments and individual and corporate financial advice, and we are recruiting an experience MLRO to join their team in Abu Dhabi to manage AML regulations, ensure effectives systems and controls are in place and ensuring that all employees are fully trained in regulatory frameworks.

The Role
- Responsible for the firm’s compliance with Regulator’s rules on systems and controls for the prevention of money laundering, financial sanctions, tax invasion and anti-bribery and corruption on all products and services.
- Monitor and interpret regulatory change to ensure compliance.
- Prepare AML reports for the management company and file reports with the relevant authorities and present at Board meetings.
- Develop, update and maintain the AML policy and standards and train all employees to meet regulatory requirements and CTF and Financial Crime Compliance frameworks.
- Liaise with clients and investors to obtain all AML documentation and undertake assessments and reviews of transactions and client onboarding.

Requirements

Essential Skills & Experience Required
- Minimum 5 years’ experience in an MLRO role within the financial services industry with strong experience in evaluating, identifying ad providing effective assurance to ensure the integrity of policies controls, risk assessments, systems and process improvement and reporting to FSC standards.
- Strong working knowledge of investment funds, AML legislations and regulatory requirements associated with fund administrators and depositaries.
- Proactive approach to oversight, governance, operational risk, compliance, AML and KYC working within regulated financial services firms in globally recognized financial markets such as UK, Jersey, Ireland, Luxembourg, Mauritius or Cayman Islands and recognized by the Financial Services Commission.

Candidate Profile
- Currently living in the UAE.
- Outgoing and confident personality with excellent interpersonal, communication and presentation skills and able to challenge and influence stakeholders including senior management and regulators,
- Fluent in English – must be able to read, write and speak fluent English.

Education
- Bachelor’s Degree is an advantage

About the Company

We’re redefining recruitment and as a leader in talent acquisition, our success and reputation stems from delivering exceptional service.

We succeed because our clients and candidates value our regional and industry knowledge, integrity, commitment and results. We understand what it takes to source high calibre candidates and provide our clients with the efficient service that they require in today’s competitive job market. We do not believe in forwarding the first available applicant for any vacancy - we present only a shortlist of candidates who are qualified, job-matched and serious about their next career move.

Plum Jobs Executive understands the challenges and dynamics of the skills and talent shortage as organizations need to have succession plans in place for tomorrow’s leaders.

Our in-depth understanding of local markets enables us to define the role and remuneration based on industry benchmarking and insight.

Our HR consultancy assignments include preparing comprehensive job descriptions, policies and employee engagement and performance management frameworks.

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