Compliance Officer

Roles and Responsibilities:-

Regulatory Compliance: Ensure adherence to AML laws, regulations, and guidelines set by regulatory authorities.

Policy Development: Develop, implement, and update AML policies, procedures, and controls to prevent money laundering activities.

Risk Assessment: Conduct regular AML risk assessments to identify and mitigate potential risks related to money laundering.

Monitoring and Reporting: Oversee the monitoring of transactions for suspicious activities, and ensure timely reporting of suspicious transactions to regulatory bodies.

Training and Awareness: Provide ongoing training and awareness programs for employees on AML policies, procedures, and best practices.

Internal Audits: Collaborate with internal audit teams to conduct periodic AML audits and ensure compliance with established policies.

Customer Due Diligence (CDD): Oversee the customer identification and verification process, ensuring proper CDD and Enhanced Due Diligence (EDD) are conducted.

Record Keeping: Ensure accurate record-keeping of all AML-related documents and reports in compliance with regulatory requirements.

Coordination with Authorities: Liaise with law enforcement agencies and regulatory bodies for investigations and providing necessary documentation.

Reporting to Senior Management: Provide regular updates and reports to senior management on AML risks, compliance status, and any significant issues.

Staying Informed: Keep up-to-date with the latest developments in AML regulations, best practices, and industry trends.

Job Types: Full-time, Permanent

Pay: AED4,000.00 - AED5,000.00 per month

Education:

• Bachelor's (Required)

Experience:

• AML: 2 years (Required)

License/Certification:

• CAMS (Required)