Compliance/MLRO Officer cum Accountant - Dubai, United Arab Emirates - One Business Centre

Description

We are currently seeking a dynamic professional to fill the position of Compliance/MLRO Officer cum Accountant. The Compliance Officer's primary responsibilities include detecting transactions related to financial crimes, reviewing and aligning AML/CFT compliance programs with regulatory requirements, and submitting various reports to the Financial Intelligence Unit (FIU), UAE. For the Accountant role, responsibilities include reconciling bank statements, analyzing employee expenditures, managing income and expenditure accounts, generating financial reports, monitoring the company's financial status, and handling tax filings

Responsibilities of a Compliance Officer:

• The AML compliance officer has to detect transactions relating to any crime.
• The AML compliance officer needs to review the AML/CFT compliance program and processes to prevent financial crimes. He needs to align the AML/CFT framework in line with the regulatory requirements and the ML/TF risks faced by the entity.
• The Compliance officer must review and evaluate suspicious transactions and activities. The Compliance Officer needs to report such transactions and activities in the form of a Suspicious Transaction Report (STR) and Suspicious Activity Report (SAR) to the FIU, UAE.
• The AML compliance officer has to submit various reports like Funds Freeze Report (FFR), Partial Name Match Report (PNMR), High-Risk Country Report (HRC), High-Risk Country Activity Report (HRCA), Dealers in Precious Metals and Stones Report (DPMSR) and Real Estate Activity Report (REAR) to the Financial Intelligence Unit, UAE.
• The AML compliance officer needs to conduct training for the employees, make them aware of the AML rules and regulations, and train them in the best global practices to counter the risks of financial crimes.
• The AML compliance officer needs to submit periodic reports on AML compliance with the senior management and file semi-annual reports with the Supervisory Authority.
• Detect transactions in Financial Crimes
• The Compliance officer needs to review and evaluate data of suspicious accounts that might be concealing money laundering. The Officers can report the data to the Financial Intelligence Unit depending on the case. The transaction might be continued, and they need to state the reasons for their research. They need to collaborate with the supervisory authority and FIU to provide all the relevant data.
• The AML compliance officer reviews the internal rules and processes to prevent financial crimes. He also needs to update the relevant authorities and comply with the latest rules and regulations.
• The AML compliance officer has to submit the reports on the rules to the concerned authority.
• To conduct AML training for the employees and make them aware of the AML rules and regulations and train them on the best industry practices. Training is imparted to employees to understand money laundering methods and implement the right processes to prevent money laundering and financial terrorism.
• The AML compliance officer needs to coordinate with the Supervisory Authority and FIU, providing them with all the necessary data to help fight ML/TF risks.

Responsibilities as an Accountant

• Reconciling the company's bank statements and bookkeeping ledgers
• Completing analysis of the employee expenditures
• Managing income and expenditure accounts
• Generating the company's financial reports using income and expenditure data
• Keeping a check on the company's finances based on financial status
• Filing and remitting taxes and other financial obligations
• Initiating and managing financial and accounting software used by the company

Qualifications

• Bachelor's degree in finance, Accounting or Business Administration.

• Certification in Investigations, CAMS or similar work.

• Minimum of 3 to 5 years' experience

• Prior experience dealing with law enforcement or FIU

Knowledge & Skills

• Good command of English and Arabic(optional) language preferred.

• Understanding of local, international and CBUAE regulations related to AML/CFT.

• Understanding of account opening process, payment and card transactions.

• Planning and organizing skills.

• Report writing skills.

Salary: To be Discussed

Kindly email your resumes to [HIDDEN TEXT]