HomeAll JobsCompliance Officer and Money Laundering Reporting Officer

Compliance Officer and Money Laundering Reporting Officer

Company Name: Binance
Employment Type:Full Time
Location: Dubai
Experience: 2-5 years
Degree: Bachelor
Nationality: Any
No. Of Vacancies:1
Job Description:
Binance is the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, serving a greater mission to accelerate cryptocurrency adoption and increase the freedom of money.

Are you looking to be a part of the most influential company in the blockchain industry and contribute to the crypto-currency revolution that is changing the world?

The Compliance Officer and Money Laundering Reporting Officer (COMLRO) is an FSRA authorized role, responsible for managing the regulatory and AML/CTF risks of the company. The COMLRO serves as the main point of contact of the firm with all its regulators, law enforcement and other competent bodies and authorities and advises the staff, SEO and the Board on relevant regulatory and internal compliance policy matters. The Board has delegated responsibility for management of compliance and anti-money laundering functions to the COMLRO and he has the authority to carry out these responsibilities, in accordance with the direction and policies established by the Board. 

Compliance Officer Responsibilities
Develop and maintain a positive and constructive relationship with the Regulators
Ensure the effective implementation of the firm’s compliance policies and procedures
Perform monitoring and surveillance reviews in line with the compliance monitoring plan
Provide support and guidance to staff on regulatory, policy and procedural issues and application
Provide the senior management with compliance management information
Assist with client enquiries and requests for information
Identify, log and resolve compliance issues, client complaints and policy and regulatory breaches
Assist with ad hoc projects, monitoring tasks and regulatory change
Review and update policies and procedures in line with regulatory changes
Provide compliance training to staff
Ensure timely completion and filing of regulatory reports with the regulator

MLRO Responsibilities
Ensure effective implementation of the firm’s AML/CTF policies and procedures and compliance with the regulations of the Central Bank of the UAE, FSRA’s AML Rulebook and international best practices
Promote a culture of compliance with the relevant Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) policies among all team members and business processes
Staying up to date with AML/CTF and regulatory developments both locally and internationally
Review AML/CTF policies and procedures to make sure they are current with the latest regulations
Serve as a point of contact for the FSRA, UAE Police Forces, the Central Bank of the UAE and any other competent authorities of the UAE for AML/CTF issues
Promptly respond to any request for information made by the FSRA or any other competent authorities of the UAE
Maintain regular dialogue with the SEO and the Board to ensure their full awareness of all salient matters and to advise on regulatory implications of future business strategies
Support the Know Your Customer (KYC) and EDD review process
Identify, analyze and report suspicious transactions to the FIU of the Central Bank of the UAE
Prepare and provide AML/CTF training to employees
Ensure timely completion and submission of the Annual AML Return to the FSRA

Working at Binance
• Do something meaningful; Be a part of the future of finance technology and the no.1 company in the industry
• Fast moving, challenging and unique business problems
• International work environment and flat organisation
• Great career development opportunities in a growing company
• Possibility for relocation and international transfers mid-career
• Competitive salary
• Flexible working hours, Casual work attire