Money Laundering Reporting Officer (MLRO) - DFSA 3a Brokerage

Summary:

As the Money Laundering Reporting Officer (MLRO) of the DFSA 3a brokerage entity, you will hold a critical role in ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Your responsibilities will encompass developing and implementing effective AML/CTF policies, conducting risk assessments, and reporting suspicious activities to relevant authorities. With a proactive approach and a keen eye for financial crime prevention, you will play a crucial part in maintaining the integrity and regulatory compliance of the brokerage.

Responsibilities:

AML/CTF Policy Development:

• Develop and implement robust AML/CTF policies and procedures in accordance with DFSA regulations and industry best practices.
• Ensure the policies effectively address the specific risks and vulnerabilities of the brokerage's operations.

Risk Assessment and Due Diligence:

• Conduct comprehensive risk assessments to identify and evaluate potential money laundering and terrorist financing risks.
• Perform thorough due diligence on clients, counterparties, and transactions to ensure compliance with AML/CTF regulations.

Reporting and Compliance:

• Report suspicious activities and transactions to the appropriate authorities, including the Financial Intelligence Unit (FIU) and the DFSA, in a timely and accurate manner.
• Stay updated with changes in AML/CTF regulations and ensure the brokerage's compliance with all relevant requirements.

Training and Awareness:

• Provide ongoing AML/CTF training and awareness programs to staff members, ensuring a strong culture of compliance and vigilance throughout the organization.
• Educate employees about red flags and indicators of potential money laundering and terrorist financing activities.

Qualifications:

• Bachelor's degree in finance, law, or a related field; professional certifications in AML and compliance (e.g., CAMS) are highly desirable.
• Proven experience as an MLRO or in a similar compliance role within the financial services industry, preferably in a brokerage setting.
• In-depth knowledge of DFSA regulations related to AML and CTF, as well as international AML/CTF standards.
• Strong analytical and investigative skills to identify and assess suspicious activities effectively.
• Excellent communication and training abilities to educate staff and promote a culture of compliance.
• Ability to work independently and make sound decisions in high-pressure situations.
• Attention to detail and a strong sense of responsibility for maintaining the integrity of the brokerage's operations.
• Proactive and dedicated to staying informed about evolving AML/CTF risks and best practices.

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