Deputy MLRO / MLRO

Our client is a Cat 4 private banking entity in the DIFC is looking to recruit a Deputy MLRO / MLRO.

Job Responsibilities

• Allocate responsibility for ensuring compliance with the relevant jurisdictions procedures for money laundering to the relevant money laundering reporting officer.

• Ensure appropriate policies and procedures are in place to enable the client to comply with all applicable regulatory requirements.
• Provide training and education programs to ensure all relevant staff are aware of their responsibilities and the procedures to be adhered to.
• Take reasonable measures to verify the identity and perform due diligence for any client prior to a proposed service - in accordance with AML and KYC procedures.
• Organize AML / Compliance training to be carried out regularly for existing employees and for all new employees and for all new members of staff as soon as practically possible after joining.
• Prepare reports and notifications to be filled with the authority; objective of reducing financial crime.
• Liaise with and report to the DFSA as appropriate.
• Keep records of relevant documentation.
• Report to the relevant authority where there are reasonable grounds to suspect that a money laundering offense has been or is being committed.

Requirements:

• CAMS professional.
• Prior DIFC experience or banking experience (working knowledge of handling CDD for Private or HNI clients) is a must.
• The candidate will go thru an authorization process (if not authorized) with DFSA.
• The role will report into the SEO and Managing Partner.