Compliance Officer Bullion House Trading LLC

Job Purpose To ensure that the company’s operations, policies, and business practices comply with all applicable UAE laws and regulations — particularly those relating to Anti-Money Laundering (AML), Counter Terrorism Financing (CTF), and Sanctions compliance. The Compliance Officer / MLRO acts as the focal point between the company and regulatory authorities such as DMCC, UAE FIU, and GoAML, ensuring full regulatory reporting and due diligence obligations are met. Key Responsibilities 1. Regulatory Compliance & Governance Develop, implement, and maintain the company’s Compliance and AML/CFT policies and procedures in accordance with UAE laws (Cabinet Decision No. 10 of 2019, AML Regulations for DNFBPs, etc.). Ensure adherence to DMCC Compliance Guidelines, GoAML reporting obligations, and FATF recommendations. Monitor and assess regulatory developments, ensuring timely updates to internal compliance frameworks. Prepare and submit periodic compliance and risk assessment reports to management and relevant authorities. 2. AML / CFT Responsibilities Act as the Money Laundering Reporting Officer (MLRO) and primary point of contact with UAE FIU via the GoAML platform. Conduct and oversee Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on all new and existing clients. Review and approve all high-risk client files, ensuring appropriate risk-based approach (RBA) is applied. Monitor transactions for unusual or suspicious activities, escalating and filing Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) where necessary. Maintain comprehensive records of AML/CFT due diligence, risk assessments, and internal reports. 3. Internal Controls & Training Conduct regular internal compliance audits and risk assessments to identify control weaknesses or compliance gaps. Deliver periodic staff training on AML/CFT, sanctions, and regulatory obligations. Ensure all employees are aware of their responsibilities under the AML framework. Establish an internal whistleblowing mechanism to report unethical or suspicious conduct. 4. KYC / Transaction Monitoring Verify the legitimacy and background of clients and suppliers, particularly when dealing with precious metals, bullion imports, and cross-border trades. Ensure compliance with “Know Your Supplier (KYS)” and “Know Your Customer (KYC)” principles, including beneficial ownership verification. Monitor trade and cash transactions for alignment with expected business profiles and declared sources of funds. 5. Liaison & Reporting Serve as the liaison between the company and DMCC Compliance Department, Central Bank, and UAE FIU. Ensure timely submission of all mandatory reports (STR, ESR, Compliance returns, Annual AML reports). Respond to regulatory inquiries, inspections, and audits in a timely and professional manner. Qualifications & Experience Bachelor’s degree in Law, Finance, Business, or related discipline (Master’s preferred). Minimum 3–5 years of compliance experience in the precious metals, commodities, or financial sector within the UAE. Strong understanding of UAE AML/CFT Regulations, FATF Recommendations, and Sanctions regimes (UN, OFAC, EU). Prior experience with GoAML reporting and DMCC compliance audits preferred. ACAMS or ICA certification is an advantage.