Officer AML/CFT DMCC Dubai

Officer AML/CFT at DMCC is responsible for assisting and supporting the Manager Controls and Assurance and Head of Compliance Operations in respect to various AML – CFT workshops & specific AML/CFT inspections on DMCC member companies, delivering further guidance, information and supervision of DNFBPs. Dealing with external government bodies. Supporting Manager Controls and Assurance and Head of Compliance Operations in designing and developing a regulatory policy framework. Undertaking general inspections on member companies in conjunction with AML/CFT Inspections.

Responsibilities of Officer AML/CFT

• Ongoing Regulations – FATF Key Tasks – Work with Ministry of Economy and Head of Compliance Operations to ensure inspections are undertaken in a structured manner on DNFBPs (DMCC Member Companies) to comply with UAE AML/CFT laws.
• Supporting Manager Controls and assurance and Head of Compliance operations on delivering further guidance, information and supervision of DNFBPs. Review existing DNFBP sectors and underlying licenses to ensure registration on goAML.
• Support manager Controls and Assurance to ensure inspections are undertaken in a structured manner on DNFBPs (DMCC member companies) to comply with AML/CFT laws.
• Creation of awareness for DNFBPs on AML/CFT requirements / obligation.
• Co-ordinating with Ministry of Economy for identification of DNFBP s and registration on goAML.
• Undertaking the task to create awareness among DNFBPs on AML/CFT requirements / obligation.
• Ensure that Letters of Undertaking are either added or amended to advise Companies that choose licenses which fall under specific DNFBP sectors of their AML/CFT legal obligations
• Delivery of reports required by Ministry of Economy on DNFBPs.

What you will do more

• Support DMCC AML/CFT team in FATF mutual evaluation readiness project including: 1) attendance at workshops, 2) completing reports and other provision of other requested information.
• Conducting AML/CFT Inspections on DMCC Member Companies who fall within the DNFBP sectors
• Inspections will be undertaken both physically and remotely, with the intention to ensure that all such companies are aware and comply with their responsibilities under UAE AML/CFT laws
• Conducting general Inspections on DMCC member companies in conjunction with the undertaking of the AML/CFT Inspections.
• Responsible for ensuring appropriate team preparation, inspection conduct and reporting of inspection findings, including issuance of fines, notices and closure.
• Administering systematic approach to manage notifications and responses of member companies and rescheduling of inspections.
• Produce periodic (and ad-hoc) statistics and reports highlighting performance status.

Requirements for Role of Officer AML/CFT

• Business degree or Professional training and qualifications in service based industry.
• Minimum 5-year experience in inspections, customer care, customer service or related function within organizations and businesses.
• Experienced in implementing rules, regulations, and policies in various sectors.
• Minimum 3-year experience in liaising and dealing with government organizations.

Skills And Knowledge Desired

• Familiarity with UAE laws, customs and practices (knowledge of multiple jurisdictions beneficial)
• AML / CFT and applicable international sanction regimes FACTA, CRS and other emerging trends
• Knowledge of international developments and their applicability UAE Government structures, processes & regulatory landscape.

Benefits

• Working at the world’s best Free Zone with highly motivated colleagues.
• A very diverse workforce from all around the globe.
• Well-being initiatives all over the year.
• Market competitive basic salary.
• Housing allowance.
• Transportation allowance.
• National Allowance.
• Annual flight allowance.
• Other alternative family benefits.
• Pension Scheme.
• Discretionary bonus schemes.
• Generous annual leave.
• Medical and life insurance cover.
• Free covered parking.
• Retail discounts with over 450 outlets across JLT.

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