Compliance Officer & MLRO – Dubai Compliance Officer & MLRO – Dubai …

in Dubai, United Arab Emirates
Permanent, Full time
Last application, 22 Sep 21
Dependant on experience
in Dubai, United Arab Emirates
Permanent, Full time
Last application, 22 Sep 21
Dependant on experience
Posted by:
Ian Filmer • Head of Talent Acquisition
Posted by:
Ian Filmer
Head of Talent Acquisition
Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people.

Tradition is currently seeking to appoint a Compliance Officer & MLRO to be based within the Dubai office.

Main responsibilities within the Compliance Officer & MLRO position include:

  • Establish, review, implement and maintain effective compliance and AML policies, procedures, systems and controls in compliance with applicable compliance and AML regulations and the organizations KYC/AML standards;
  • Prepare any and all compliance and AML reports for regulatory reporting, internal reporting and reporting to head office;
  • Identify, assess and implement all relevant new legal and regulatory developments;
  • Work with senior management and the Board to review and implement all relevant compliance and AML policies;
  • Collaborate and liaise with internal departments, regulators, authorities and external service providers to resolve legal and compliance issues;
  • Continuously update and advise all employees and the Board of their regulatory responsibilities and the company’s policies and procedures;
  • Work with senior management, SEO and the board on any new business projects;
  • Make practical and acceptable recommendations where systems and procedures are in need of enhancing;
  • Support and build the business strategy of the firm representing the compliance capabilities;
  • Educate employees through regular training and awareness sessions;
  • Perform the role of Money Laundering Reporting Officer for the entity, acting as a focal point for employees to escalate suspicions of terrorist financing or money laundering activities and manage AML risks;
  • Perform customer due diligence checks (KYC) on new clients as per the firm’s requirements and in accordance with firm wide AML standards;
  • You would be expected to escalate appropriate AML risks/breaches to management;
  • Keep pace with developments in AML/CFT laws and regulations, trends, techniques, and update indicators of money laundering or terrorist financing;
  • Perform daily review, monitoring, and analysis of transaction alerts using internal data to identify trends and unusual activity to determine if transactions are suspicious in nature;
  • Monitor client acceptance, conduct on-going review of client files, transaction monitoring and risk review;
  • Discuss with desk heads, brokers and the deputy MLRO about any unusual transactions;
  • Develop a regular monitoring procedures and practices to assess the adequacy and effectiveness of internal systems of control and measures implemented by the Company;
  • Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of any problematic issues;
  • Manage the relevant firm license processes and employee registrations requirements;


Key skills, experience and competencies required to be successful in this role:

  • Previous experience in a similar position;
  • Compliance related accreditations or qualifications preferable;
  • Strong analytical & problem solving skills;
  • Independent, hands-on and takes accountability to deliver solutions and results;
  • Ability to adapt and work in a smaller, dynamic local team environment; along with being part of a bigger matrix organization;
  • Integrity and professional ethics;
  • Business acumen;
  • You have a hands-on mentality, stress resistance as well as a willingness to take an active role in our company;
  • Highly developed analytical, observational and communication skills;
  • Reliable, precise, well organized;
  • Can work under pressure and in a fast-paced environment;
  • Commitment to continued learning, remaining well-informed regarding internal standards and business goals;
  • High level of integrity and discretion, handling confidential information.
  • Ability to liaise with a wide range of people on a variety of levels.
  • Ability to assess, design and introduce new processes
  • Ability to create, review, implement and monitor systems and controls
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