VALR is hiring a
Compliance Officer/Money Laundering Reporting Officer, Remote - United Arab Emirates

Summary

The job is for a Compliance Officer/MLRO at VALR FZE (Dubai) to ensure compliance with all regulations set by the Dubai Virtual Assets Regulatory Authority. The role involves various responsibilities such as maintaining an AML/CTF framework, investigating suspicious activity, and reporting to the Board of Directors.

Requirements

• Minimum of two years experience handling AML/CTF matters
• Minimum of five years experience in a compliance function
• Qualification as a ‘Fit and Proper Person’ as approved by VARA
• Resident in the UAE or hold a UAE passport

Responsibilities

• Carry out the role of the Compliance Officer/MLRO for VALR FZE
• Report and respond to law enforcement requests and inquiries
• Maintain an AML/CTF framework including all the relevant policies and procedures within such a framework
• Maintain records of internal and external reports, take subsequent action and maintain records of reasons for submission / non-submission
• Prepare compliance audit data by compiling and analyzing internal information
• Liaise with other teams to prepare data required for the submission of reports requested by the regulators
• Keep up to date with all relevant regulatory changes in the UAE market as well as evolving best practices
• Review marketing materials to ensure compliance with regulatory and scheme requirements
• Lead the preparation and coordination of responses to requests submitted by the regulatory authorities
• Maintain and implement an AML/CTF training programme and ensure that VALR employees are adequately trained
• Act as a central contact point with the relevant Financial Intelligence Analysis Unit
• Liaise with relevant authorities and the police to investigate suspicious activity
• Receive and investigate internal suspicious reports and report external suspicious activity
• Periodic reporting to the Board of Directors and Chief Compliance Officer, including status updates on the AML/CTF controls and any gaps to be addressed
• Act as an escalation point in terms of AML / CTF matters
• Advise the Executive Team and the Board of Directors on money laundering suspicions and provide clear guidelines and ways forward regarding the application of the AML / CTF framework and internal Controls
• Manage internal compliance operational controls, and carry out independent reviews and examinations as required
• Identify, highlight, and manage regulatory risks, findings, and recommendations identified internally or by independent reviews or examinations
• Facilitate the development and maintenance of the appropriate AML/CTF culture within VALR FZE
• Work with management and staff to ensure that the business implements and maintains suitable systems and controls to meet the AML/CTF requirements
• Perform any other duties and responsibilities required to ensure that VALR FZE is compliant with applicable AML/CTF regulations