Financial Services Risk Management Specialist

5 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Farnek Full time

We are seeking an experienced Compliance Officer / Money Laundering Reporting Officer (CO / MLRO) to join our team at Farnek. This role is critical in ensuring our client's adherence to regulatory standards within the Abu Dhabi Global Market (ADGM), particularly focusing on Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF).

About The Role:

The ideal candidate will play a key role in developing and implementing compliance strategies that align with industry best practices while fostering a robust culture of compliance throughout the organisation. You will be responsible for ensuring the client's compliance with all regulatory requirements specific to ADGM's Category 3A license.

Responsibilities:
  • Develop and implement internal policies and procedures that align with relevant legal and regulatory standards.
  • Develop, implement, and regularly update the client's compliance framework, including compliance monitoring and risk assessment processes.
  • Liaise with the Financial Services Regulatory Authority (FSRA) within ADGM. Manage relationships with regulators, ensuring timely and effective responses to inquiries, inspections, and audits.
  • Develop and implement comprehensive AML / CTF policies and procedures that comply with ADGM regulations.
  • Monitor client transactions, identify suspicious activities, and report findings to the FSRA as required.
  • Execute customer due diligence (CDD) and enhanced due diligence (EDD) processes. Oversee Know Your Customer (KYC) procedures for onboarding and ongoing client monitoring.
  • Provide ongoing training and support to staff on regulatory developments, compliance requirements, and ethical standards.
  • Maintain thorough records of all AML / CTF activities, reports, and investigations in accordance with ADGM and FSRA requirements.
  • Manage the client's transaction monitoring systems to ensure alignment with regulatory expectations.
  • Conduct internal audits and periodic compliance reviews to assess the effectiveness of the compliance framework.
Requirements:
  • A minimum of 10 years of experience in compliance and MLRO and / or AML / CTF roles, ideally within the financial services or cryptocurrency sectors.
  • Bachelor's degree in finance, business, law, or a related field. Professional certifications in compliance or AML (e.g., CAMS, ICA) are highly desirable.
  • Strong understanding of ADGM regulations, particularly those related to Category 3A licensing, digital assets, and AML / CTF legislation.
  • Proven experience conducting regulatory audits, risk assessments, and compliance reviews.
  • Excellent written and verbal communication skills, with the ability to engage effectively with internal teams and external stakeholders.
  • Proficient in using compliance and AML / CTF monitoring software and tools.
  • Strong interpersonal skills and the ability to challenge the Board and leadership when necessary to ensure compliance and mitigate risks.


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