MLRO

Job Overview

InsuranceMarket.ae is seeking an experienced Money Laundering Reporting Officer (MLRO) to join their team in Dubai, United Arab Emirates. This role is crucial for ensuring the company’s full compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, mitigating risks, and safeguarding the firm’s integrity within the UAE’s financial landscape.

Company Overview

InsuranceMarket.ae, by AFIA Insurance Brokerage Services LLC, is one of the largest insurance brokerage firms in the UAE. They offer a wide range of insurance products including car, health, home, and business insurance from leading insurers. Committed to customer support, InsuranceMarket.ae mediates claims and helps clients save time and money, operating under UAE Insurance Authority registration number 85 and a HIIP Permit under the Dubai Health Authority.

Quick Details

• Salary Range: Market Competitive
• Job Type: Full-time
• Qualifications: Professional Certifications
• Experience: 5 Year+

Key Responsibilities

• Develop, implement, and maintain the company’s AML/CTF framework and policies.
• Monitor and report suspicious transactions and activities to relevant authorities.
• Conduct regular risk assessments and provide guidance on compliance matters.
• Oversee the company’s client due diligence (CDD) and enhanced due diligence (EDD) processes.
• Deliver AML/CTF training to staff and ensure awareness of regulatory requirements.
• Act as the primary point of contact for all AML/CTF-related inquiries and regulatory inspections.

Requirements

• Minimum 5+ years of experience in an MLRO or senior compliance role within the financial services or insurance sector.
• In-depth knowledge of UAE AML/CTF laws, regulations, and reporting obligations.
• Relevant professional certifications (e.g., CAMS, ICA Diploma in AML) are highly preferred.
• Strong analytical, investigative, and communication skills.
• Ability to work independently and manage complex compliance issues.
• Bachelor’s degree in Law, Finance, Business, or a related field.

Benefits

• Opportunity to play a pivotal role in a leading UAE insurance brokerage firm.
• Work in a dynamic and fast-paced environment with a focus on compliance excellence.
• Professional development and continuous learning opportunities in regulatory compliance.
• Competitive salary and benefits package.
• Be part of a supportive and collaborative team.
• Contribute to safeguarding the company’s reputation and integrity.