Overview
AML & Compliance Officer / Money Laundering Reporting Officer (MLRO) Jobs in Dubai, Dubai, United Arab Emirates at Elevate Business Solutions DMCC & Elevate First Accounting & Auditing
Title: AML & Compliance Officer / Money Laundering Reporting Officer (MLRO)
Company: Elevate Business Solutions DMCC & Elevate First Accounting & Auditing
Location: Dubai, Dubai, United Arab Emirates
Job Title:AML & Compliance Officer / Money Laundering Reporting Officer (MLRO)
Location: Dubai, UAE
Seniority Level: Mid-Senior Level
Industry: Banking, Financial Services, Technology, Retail, Gold & Jewelry, Real Estate, and more
Employment Type: Full-time
About the Role
We are seeking an experienced and highly motivated AML & Compliance Officer (MLRO) to join Elevate Accounting and Auditing, based in Dubai. This role is pivotal in overseeing our Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) compliance services for clients across diverse industries, including banking, financial services, retail, gold & jewelry, and real estate. The ideal candidate will bring a strong consulting background and prior exposure to regulated jurisdictions, including the DIFC and ADGM.
Key Responsibilities
Compliance Oversight:
Oversee and ensure effective implementation of AML/CFT frameworks for clients.
Design and execute compliance monitoring programs to align with UAE regulations and international standards.
Regulatory Expertise:
Stay updated with local and global AML/CFT regulations, including the UAE Central Bank, DIFC, and ADGM requirements.
Liaise with regulatory authorities on behalf of clients and handle correspondence related to AML/CFT compliance.
Policy Development:
Draft, review, and implement AML/CFT policies, procedures, and controls.
Guide clients on risk assessments and the development of tailored compliance frameworks.
Training & Awareness:
Provide AML/CFT training to clients and internal teams to enhance compliance culture.
Conduct workshops and awareness sessions for key stakeholders on emerging compliance trends.
Reporting & Escalation:
Act as the primary point of contact for suspicious transaction reporting to the UAE Financial Intelligence Unit (FIU).
Prepare and submit periodic compliance reports to regulators as required.
Skills & Qualifications
Education & Experience:
Bachelor’s degree in Finance, Law, Business Administration, or a related field (Master’s degree is a plus).
Minimum of 3-4 years of experience in AML/CFT compliance, preferably in consulting or regulated sectors.
Strong exposure to DIFC, ADGM, and UAE Central Bank regulations.
Key Skills:
Deep understanding of AML/CFT frameworks, risk assessments, and compliance monitoring.
Proven experience in legal and regulatory compliance in banking, financial services, retail, and related industries.
Expertise in preparing and submitting suspicious activity reports (SARs).
Certifications:
CAMS (Certified Anti-Money Laundering Specialist) or equivalent certifications preferred.
Soft Skills:
Strong analytical and problem-solving abilities.
Excellent communication and stakeholder management skills.
Proactive, detail-oriented, and able to work under pressure.
What We Offer
Competitive salary and benefits package.
Opportunity to work in a dynamic and fast-growing organization.
Exposure to diverse industries and high-profile clients.
Continuous professional development and training support.
How to Apply
Application Process
If you are passionate about compliance and possess the expertise to make a significant impact in AML/CFT services, we invite you to join our team. Please send your CV and a cover letter to [email protected] the subject line “AML & Compliance Officer / MLRO Application”.
Elevate Accounting and Auditing is an equal opportunity employer and encourages applications from all qualified individuals.
Join Elevate Accounting and Auditing to make a significant impact in the world of compliance and regulatory services!
