VALR is hiring a
Compliance Officer/Money Laundering Reporting Officer, Remote - United Arab Emirates
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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
This job is filled or no longer available