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MLRO, UAE – VARA
Job Overview:
As the MLRO for a cryptocurrency exchange, you will oversee the company’s AML/CTF compliance efforts, ensuring adherence to UAE regulatory requirements, including those of the Virtual Asset Regulatory Authority (VARA). You will be responsible for managing the AML framework, monitoring suspicious transactions, and acting as the primary liaison with regulatory bodies.
Responsibilities:
- Develop and maintain the AML/CTF compliance program, ensuring alignment with UAE laws and VARA requirements.
- Monitor and report suspicious transactions to the UAE Financial Intelligence Unit (FIU).
- Manage risk assessments, customer due diligence (CDD), and enhanced due diligence (EDD).
- Act as the point of contact with regulators, including VARA, ensuring timely reporting and compliance.
- Lead the licensing efforts with Dubai’s Virtual Asset Regulatory Authority (VARA).
- Conduct staff training on AML/CTF regulations and procedures.
- Oversee internal and external audits and maintain proper records as per regulatory standards, including VARA expectations.
- Continuously update AML policies to adapt to new threats and regulations, with a focus on VARA and virtual asset guidelines.
Qualifications:
- Bachelor’s degree in Law, Finance, or related field; relevant certifications like CAMS preferred.
- Minimum 5 years of experience in AML compliance, preferably in cryptocurrency or finance.
- Strong knowledge of UAE AML regulations and global standards (FATF); experience with VARA regulations or licensing processes is highly preferred.
- Familiarity with blockchain and cryptocurrency; prior exposure to VARA-regulated environments is a plus.
