AML Officer

Job Purpose

The AML Officer is responsible for ensuring Rizan Jewellery’s full compliance with UAE Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws and regulations applicable to Designated Non-Financial Businesses and Professions (DNFBPs), particularly in the precious metals and stones sector.

Key ResponsibilitiesAML & CFT Compliance

• Implement and maintain AML/CFT policies and procedures in line with:
• UAE Federal Decree-Law No. 20 of 2018
• Cabinet Decision No. 10 of 2019
• Cabinet Decision No. 58 of 2020
• Ministry of Economy (MoE) AML guidelines for DNFBPs
• Act as the designated AML Compliance Officer and point of contact with regulators.
• Ensure registration and ongoing compliance with the goAML system.

Customer Due Diligence (CDD / KYC)

• Oversee and review Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes.
• Ensure proper identification, verification, and risk classification of customers.
• Monitor Politically Exposed Persons (PEPs) and high-risk customers.

Transaction Monitoring & Reporting

• Monitor high-value and suspicious transactions, especially:
• Cash transactions
• High-risk jurisdictions
• Large bullion or jewellery trades
• Investigate unusual transaction patterns.
• Prepare and submit Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) to the Financial Intelligence Unit (FIU).

Risk Assessment & Controls

• Conduct and update the Enterprise-Wide Risk Assessment (EWRA).
• Identify AML risks specific to the jewellery and precious metals business.
• Recommend and implement risk mitigation measures.

Training & Awareness

• Conduct AML/CFT training for staff, including sales and operations teams.
• Ensure employees understand red flags related to money laundering in jewellery trade.

Record Keeping & Audit

• Ensure proper maintenance of AML records as per UAE requirements.
• Support internal and external audits, inspections, and regulatory reviews.
• Prepare compliance reports for senior management.

Requirements & QualificationsEducation & Certification

• Bachelor’s degree in Finance, Accounting, Law, Business, or related field.
• AML certification preferred (e.g., CAMS, ICA, or equivalent).

Experience

• Minimum 3–5 years of AML/compliance experience in the UAE.
• Mandatory experience in DNFBP, jewellery, bullion, precious metals, or trading sector.
• Strong knowledge of UAE AML laws and MoE compliance requirements.

Skills & Competencies

• Strong understanding of AML risks in jewellery and bullion trade.
• Excellent analytical and investigation skills.
• High attention to detail and confidentiality.
• Strong reporting and documentation skills.
• Ability to liaise with regulators and senior management.

Key Attributes

• Integrity and ethical judgment
• Proactive and risk-focused mindset
• Ability to work independently
• Strong communication skills

Job Type: Full-time

Pay: AED8,000.00 - AED10,000.00 per month

Application Question(s):

• Are you well-versed with UAE AML laws (Federal Decree-Law No. 20 of 2018 and related Cabinet Decisions)?
• Total years of AML / Compliance experience:
• Which sector(s) have you worked in?
• Do you hold any AML-related certification?
• Highest level of education completed:
• Are you familiar with high-risk indicators specific to jewellery and bullion transactions (e.g., cash-heavy sales, structuring, third-party payments)?
• Have you handled MOE inspections or regulatory audits for DNFBPs in the UAE?
• Can you independently manage AML compliance for multiple branches or outlets?

Experience:

• AML: 5 years (Required)
• DNFBP compliance: 5 years (Required)

License/Certification:

• AML Compliance Officer with the Ministry of Economy (MoE)? (Required)