AML Consultant

1–2 years of relevant UAE DNFBP experience

Dubai

Full-Time

About the Role

We are looking for a detail-oriented and proactive AML Consultant to join our Compliance Team. The ideal candidate should have 1–2 years of practical experience in UAE Designated Non-Financial Businesses and Professions (DNFBPs), with a sound understanding of UAE AML/CFT regulations and regulatory compliance requirements.

The candidate will be responsible for assisting clients in implementing and maintaining AML compliance frameworks, conducting risk assessments, reviewing KYC documentation, supporting regulatory inspections, and ensuring compliance with applicable UAE laws and regulatory requirements.

The role involves regular client visits , requiring the candidate to travel to client premises for compliance reviews, meetings, document verification, and inspection support.

Key Responsibilities

1. AML Compliance and Regulatory Advisory

• Assist clients in understanding and complying with applicable UAE AML/CFT laws, regulations, and regulatory guidelines.
• Support the preparation, review, and implementation of AML/CFT policies, controls, and procedures.
• Assist clients with goAML registration and related regulatory requirements.
• Monitor regulatory updates and communicate relevant compliance requirements to clients.

2. Know Your Customer (KYC) and Customer Due Diligence

• Collect, verify, and review KYC documents for individual and corporate clients.
• Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), where applicable.
• Review Ultimate Beneficial Ownership (UBO), ownership structures, source of funds, and source of wealth documentation.
• Conduct sanctions, Politically Exposed Person (PEP), and adverse media screening.
• Identify missing documents, inconsistencies, and potential red flags and coordinate with clients for resolution.
• Assist in preparing and updating AML Policy & Enterprise-Wide Risk Assessments (EWRA).
• Assess client risk exposure based on business activities, customer profiles, geographical risks, and delivery channels.
• Support the development of risk mitigation measures and compliance action plans.

4. Transaction Monitoring and Suspicious Activity Reporting

• Review client transactions and identify unusual or potentially suspicious activities.
• Identify AML/CFT red flags and elevate concerns to the appropriate compliance officer.
• Assist in maintaining transaction monitoring records and documenting investigation outcomes.
• Support the preparation and filing of Suspicious Transaction Reports (STRs) or other applicable reports under the guidance of the designated compliance officer.

5. Regulatory Inspections and Client Visits

• Conduct regular client visits to review AML compliance documentation and assess implementation.
• Assist clients in preparing for regulatory inspections and compliance reviews.
• Identify gaps in AML documentation and recommend corrective actions.
• Attend client meetings and support communication with relevant regulatory authorities, where authorized.
• Follow up on outstanding compliance requirements and ensure timely completion of action items.

6. Documentation and Reporting

• Maintain accurate AML compliance records, registers, and supporting documentation.
• Prepare compliance review reports, gap assessment reports, and remediation plans.
• Assist in preparing periodic AML compliance reports and management updates.
• Ensure documentation is maintained in an organized and inspection-ready format.

7. AML Training and Client Support

• Assist in delivering AML/CFT awareness and training sessions to clients.
• Explain applicable compliance requirements and documentation needs to clients in a clear and professional manner.
• Coordinate with internal teams and client representatives to ensure timely completion of compliance deliverables.

Required Qualifications and Experience

• Bachelor's degree in Finance, Accounting, Business Administration, Law, or a related field.
• 1–2 years of relevant experience in UAE DNFBP AML compliance.
• Practical knowledge of UAE AML/CFT regulatory requirements applicable to DNFBPs.
• Familiarity with goAML registration, KYC/CDD, EDD, sanctions screening, PEP screening, and EWRA.
• Understanding of regulatory inspection requirements and AML documentation standards.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office applications, particularly Excel and Word.
• Ability to manage multiple client assignments and meet deadlines.

Preferred Skills and Attributes

• Experience working with accounting firms, corporate service providers, real estate brokers, dealers in precious metals and stones, or other DNFBP sectors.
• Familiarity with UAE regulatory authorities and relevant free zone compliance requirements.
• Strong analytical skills and attention to detail.
• Ability to conduct independent client visits and communicate effectively with business owners and client representatives.
• Willingness to travel within the UAE for client meetings and compliance assignments.
• Professional attitude, problem-solving ability, and a strong sense of responsibility.

Role Requirements

• Client visits are mandatory as part of the role.
• The candidate must be willing and able to travel to client premises across the UAE as required.
• Candidates must be comfortable handling multiple client portfolios and working in a deadline-driven environment.

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