Money Laundering Reporting Officer (MLRO)

Kershaw Leonard

Sharjah, UAE

Posted
Ref: KP792-798

Job description / Role

Employment: Full Time

The Money Laundering Reporting Officer is responsible for reporting all financial crime information or doubt on clients to the relevant authorities.

Core Responsibilities
• Maintains effective Compliance and Anti-Money Laundering (AML) policies, procedures, process, and controls in compliance with applicable Compliance with UAE AML/CFT/TFS law & regulations, and the organization’s AML/CFT standards.
• Keeps up to date with AML/CFT/TFS UAE law & Regulations and understand, ESR, GoAML and UBO relevant laws and regulations.
• Monitors compliance with laws, regulations, and internal policies.
• Ensures that the findings are recorded and followed up with management so that issues can be rectified.
• Performs KYC, CDD and EDD checks new, existing client on-going basis as per the organization’s requirements and in accordance with the UAE AML/CFT standards.
• Performs risk assessments to understand risk level, significance, and scope.
• Investigates irregularities and non-compliance issues and generating reports.
• Contributes to robust and effective compliance controls within the organisation.
• Supports Compliance Manager to maintain Compliance Monitoring & Screening Process as well as Compliance & Training session and review/update them on a periodic basis.
• Performs the role of Money Laundering Reporting Officer (MLRO) for the entity, acting as a focal point for employees/ stake holders to escalate suspicions of terrorist financing or money laundering activities and manage AML/CFT risks.
• Identifies, assesses, and implements all legal and regulatory developments within the compliance framework.
• Collaborates and liaise with the internal departments, regulators authorities and external services providers to resolve compliance issues.
• Day-to-day operations for compliance with the relevant policies, procedures, systems, and controls.
• Receive internal AML Suspicious Transaction Reports (SAR) from Employees. Taking appropriate action following the receipt of an internal Suspicious Transaction Report (such as circumstances investigation, determination and making (if needed) the external suspicious transaction report) to GoAML.
• Submit GoAML reports whenever STR/FFR/HRCAs is required and respond to regulatory inquiries in a timely manner.
• Generate, submit Monthly report /Quarterly MLRO timely report, and prepare them as assigned reports
• Compiling and validating the ES notifications/reports.
• Monitor the GoAML portal on behalf of Sharjah Authority and validate the client profile and assist them.
• Assisting the clients with their enquiries related to ES and highlighting or escalating areas of concern.
• Report back to the Direct Manager on current risk and compliance performance.
• Collaborate with outside professionals, including external auditors.
• Conducts inspections of company operations.
• Assume other Compliance tasks and responsibilities as directed by the team leader or manager
• Ensure and understand the end-to-end process in compliance

Salary:
AED 15,000 per month inclusive of fixed allowances.

Requirements

• Bachelor’s Degree or equivalent
• 1-2 years admin support; Minimum of 2 years experience in same position
• Administration and Customer Service industry experience
• Arabic and English are essential

About the Company

KERSHAW LEONARD "WE CHANGE PEOPLES LIVES"

Who we are:

Founded in September 1999 The Kershaw Leonard Group was based upon professional recruitment practices laid down by the UK Institute of Employment Consultants whose values are still at the core of our success today.

Inherently we believe that recruitment is a people business not a CV processing business and as such we take time and care to make sure we understand the needs of both our Clients and our Candidates.

Such attention to the care side of our business together with the sheer length of time we have been established has given us a unique position. We regularly attract top class candidates who only want to work with Kershaw Leonard as they trust our confidentiality and professionalism. Similarly, more than 75% of the clients we work with come back for more when they have a new position to fill.

What we do:

Kershaw Leonard Group places exceptional talent on a Global scale. Our winning strategy is to partner very closely with a small number of clients so we can really understand their objectives, needs and aspirations in a way that allows us to intuitively know the kind of cultural fit they are looking for when the time comes for them to recruit new talent. Then once that talent is on board and part of the client’s team, to assist wherever is needed to improve performance and leadership skills

Why Us:

The Kershaw Leonard Group is more than just a recruitment agency. In addition to KL Recruitment, KL Consulting offers a vast spectrum of skills from our experienced behavioural psychologist and consultants with almost two decades of HR Director level experience in the region.

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