MLRO Officer - Based in Dubai

Date Posted:Fri, 6th Sep 2024

MLRO Officer - Based in Dubai

The MLRO Officer has a duty to his employer to work with management and staff to identify and manage regulatory risk. Objective - The MLRO Officer should ensure that an organization has systems of internal control that adequately measure and manage the risks that it faces

 

Company Description

Breinrock is a global premium brand offering a portfolio of fintech payment solutions, committed to excellence and superior service. Our custom neo-banking solutions and personal service prioritize understanding our clients' needs. We provide multi-currency accounts, seamless cross-border payments, designated IBAN accounts, currency exchange, and corporate prepaid cards. We are passionate about client experience through exceptional team members who love what they do!

We are currently seeking a dedicated MLRO Officer, based in Dubai, to join our compliance team. The ideal candidate will work closely with management to identify and manage regulatory risks, ensure our internal controls are effective, and provide in-house compliance support. The role includes advising on risk prevention, monitoring compliance, and liaising with regulatory authorities. With a focus on anti-money laundering (AML) and regulatory compliance, the MLRO Officer will play a key role in maintaining Breinrock’s commitment to operating within legal and regulatory frameworks. If you have a strong background in compliance and AML, we’d love to hear from you.

 

MLRO Officer

Based in Dubai

Duty - The MLRO Officer has a duty to his employer to work with management and staff to identify and manage regulatory risk.

Objective - The MLRO Officer should ensure that an organization has systems of internal control that adequately measure and manage the risks that it faces

Responsibility - The general responsibility of the MLRO Officer is to provide an in-house compliance service that effectively supports business areas in their duty to comply with relevant laws and regulations and internal procedures.

 

Key Functions

1.           Identification - To identify the risks that Company faces and advise on them 

2.           Prevention - To design and implement controls to protect Company from those risks 

3.           Monitoring and Detection - To monitor and report on the effectiveness of those controls in the management of an organization's exposure to risks 

4.           Resolution - To resolve compliance difficulties as they occur 

5.           Advisory - To advise the business on rules and controls

6.           Ensures that, when appropriate, the information or other matters leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of money laundering is properly disclosed to the relevant authority

7.           Assistance and support of Head of Compliance will also liaise with law enforcement on the issue of whether to proceed with a transaction or what information may be disclosed to clients or third parties

8.           Oversees compliance monitoring program and all compliance issues and report to Head of Compliance 

9.           Assistance and support of Head of Compliance deals with external organizations as local regulatory body or other auditors and external compliance consultant

10.         Assistance and support of Head of Compliance designs and implements systems for the operation of firm within local regulatory body or other regulatory rules

11.         Monitor systems to ensure that they are working as intended.  This is achieved through firm’s detailed monitoring program which is carried out on a quarterly basis.

12.         Assistance and support of Head of Compliance supervise Training and Competence propriety of the individuals within the firm

13.         Acts as a contact point for local regulatory body or other regulatory body and inform Head of Compliance 

14.         Prepares and submits reports to local regulatory body

15.         Registers (and notifies local regulatory body if required) rule breaches and takes appropriate remedial action

16.         Registers details of complaints to ensure complaints are resolved efficiently and effectively

17.         Assistance and support of Head of Compliance identifies and manages money laundering risks

18.         Prepares and forwards AML reports to firm’s Head of Compliance and Board on an annual basis

19.         Receives internal reports from firm’s staff and makes external reports to regulatory body after approval of Head of Compliance

20.         Takes reasonable steps to establish and maintain adequate arrangements for awareness and training of AML

 

Please email your CV to [email protected]