Money Laundering Reporting Officer

Accounting & Finance
United Arab Emirates 🇦🇪
October 2, 2023

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Job Description

We are a technology company with an aim to provide a seamless and borderless experience across banking, payment and credit services, leveraging the best of banking rails. To execute on the mission, we are systematically investing in product innovation across a multitude of banking services – cards/non-cards payments, credit, payments, custody.

As our very first MLRO, you’ll work independently. Working alongside you would be colleagues across the globe that are experts in their own fields like sales, partnerships, engineering, product etc,. You will work directly with our founder and founders’ office to ensure we clear all the compliance requirements to get started and operate in a smooth and compliant manner in a given region. 

What you will do

Policy and content review and creation

  • Assist with the creation, maintenance and review of policies, procedures, and controls to identify, prevent, mitigate and manage regulatory risk

  • Assist with review of marketing promotions, client communications, and website content

  • Update investment and disclosure documentation in line with regulatory, legislative and business changes

  • Preparation of board and compliance reports

Regulatory requirement management

  • Maintain VARA records and all required VARA registers

  • Assist with regulator correspondence and reporting for the VARA

  • Set up the appropriate internal processes and policies for for crypto and payments compliance for Zamp e.g. AML, FATF, Travel rule, KYC/KYB, others

  • Ensure Zamp compliance with crypto regs & and industry standards on payments and transactions

  • Lead conversations with regulators and ensure compliance to all licenses (for payments services and crypto / virtual assets)

Daily compliance activities

  • Investigate breaches and incidents and ensure timely resolution and improvement to control environment

  • Manage the complaints handling process, in particular, escalated complaints

  • Manage relationships with key internal and external parties and promote a positive Compliance culture

  • Identify and partner with the appropriate partners and tools needed for compliance – and help get onboarded and initiated

What we’re actively looking for:

  • At least 7 years’ relevant experience in a legal or compliance role with a substantial knowledge of relevant rules and regulations and the day-to-day compliance affairs

  • VARA/ ADGM Compliance experience

  • Experience with securities, OTC derivatives or CFD exposure 

  • Excellent verbal and written communication skills

  • Intermediate to advanced computer skills; Good organisational skills

  • Exposure and/or knowledge in cryptocurrency trading and exchanges is a plus. 

Good to have:

  • Relevant professional certifications (RG146 etc.)

  • Good understanding of FINTRAC (Canada), other UAE regulations 

This role may be a good fit if you:

  • Love working in a fast-paced, global organisation maintaining close contact with relevant teams across multiple locations

  • Possess excellent problem-solving skills and the ability to provide useful and efficient counsel

  • Are able to communicate with team members across functions effectively, your ability to get your point across and make sense of what’s being communicated is going to be of great importance

  • Are a self-starter, hustler and curious to learn

  • Thrive in ambiguous environments

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