Company: Vision Bank
Location: United Arab Emirates
Employment Type: Full-time
Description:
JOB VACANCY: Senior Manager / Money Laundering Reporting Officer (MLRO)
Are you ready to take your career to the next level?
Vision Bank Limited seeks a dynamic and experienced Senior Manager/MLRO to lead our Compliance and Financial Crime Program.
Based at Al Maqam Tower in the heart of Abu Dhabi Global Markets (ADGM), you’ll play a pivotal role in shaping our compliance skills and ensuring we meet all regulatory requirements. If you’re passionate about financial crime compliance and want to make a significant impact, we want to hear from you!
About Vision Bank
Vision Bank Limited (“the Bank”) is a Prudential Category 1 Islamic Financial Institution headquartered in Abu Dhabi Global Market (ADGM) and regulated by the Financial Services Regulatory Authority (FSRA) of ADGM. The Bank offers Shari’ah compliant regulated activities (but not managing Profit-Sharing Investment Accounts) and has regulatory permissions for Accepting Deposits, Advising on Investments or Credit, and… Providing Credit. The Bank aims to deliver a simplified, client-centric proposition through intelligent use of data and technology, and operates within a collaborative and intuitive ecosystem that continuously evolves to meet our clients’ needs. The Bank is a wholly-owned subsidiary of Gulf Islamic Investments group (GII).
Role Purpose
The MLRO oversees the Compliance and Financial Crime Program at Vision Bank within the ADGM jurisdiction. This includes ensuring compliance with ADGM/FRSA laws and regulations, identifying irregularities, and modifying processes to mitigate non-compliance risks.
The MLRO will also engage with senior management to drive compliance transformation and provide regulatory guidance across the company. Reporting to the Chief Compliance Officer, the MLRO will play a crucial role in maintaining the Bank’s compliance framework.
Key Accountabilities
• Governance and Organization: Own and manage the Bank’s FCC framework. Present periodic compliance reports to the Board and Senior Management, oversee the compliance advisory function, and enhance governance through senior management engagement.
• Compliance Risk Culture: Build strong relationships with stakeholders to foster a supportive compliance culture and anticipate regulatory changes.
• Regulatory Engagement: Serve as the principal compliance contact on FCC matters with local regulators, prepare for regulatory examinations, and respond to inquiries from regulatory bodies.
• Risk Mitigation and Issue Remediation: Work with department heads to improve issue identification and reporting, and provide strategic direction for the FCC framework.
• Processes, Systems, Procedures, and Control Oversight: Review and enhance FCC policies, systems, and controls, and monitor risk appetite and sanctions list management.
• Customer Due Diligence (CDD)/Know Your Customer (KYC) Oversight: Ensure accurate CDD/KYC processes, approve high-risk account onboarding, and advise on potential FCC risks.
• Investigation and Suspicious Activity Reporting (SAR): Review AML transaction alerts, submit SARs, and oversee transaction monitoring and regulatory reporting.
• Training Responsibilities: Assess training needs, coordinate FCC training programs, and ensure timely reporting and resolution of compliance issues.
Background Skills and Qualifications
• Minimum of 10 years of experience within the compliance function, and at least 2 years as an MLRO.
• Bachelor’s degree in a related field.
• ACAMS qualification (mandatory).
• Strong knowledge of regulatory bodies (SCA, ADGM, CBUAE, DIFC).
• Banking industry experience.
• Approved Person Status (the role is subject to FSRA approval).
• Experience with FIU’s GoAML and IEMS systems.
• Knowledge of local, regional, and international regulatory requirements.
• Expertise in FCC topics (ML/TF, PF, Sanctions, ABC, KYC, Fraud, etc.).
• Ability to influence senior leaders and drive compliance strategy.
• Effective change champion with strategic vision.
• Strong leadership, communication, and negotiation skills.
Apply now by sending your resume to [email protected]
At Vision Bank, we value talent and dedication. Only candidates who meet our criteria will be contacted. Thank you for considering a career with us. We wish you the best of luck in your job search
Source: LinkedIn
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