Money Laundering Reporting Officer

Amber Group

Key Responsibilities

• Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to virtual asset activities (e.g., transaction monitoring, wallet services, Travel Rule compliance).
• Conduct and update enterprise-wide and client-specific AML/CFT risk assessments on a regular basis.
• Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring for clients.
• Monitor transactions for suspicious activity, investigate alerts, and prepare/file Suspicious Transaction Reports (STRs / AML-CFT Reports) via goAML to the UAE FIU.
• Ensure compliance with sanctions screening, targeted financial sanctions, and the FATF Travel Rule
• Deliver AML/CFT training to staff, management, and the Board.
• Prepare and present regular reports (e.g., quarterly/semi-annual) to the Board on AML program effectiveness, risks, deficiencies, and remediation plans.
• Act as point of contact for VARA, UAE FIU, and other authorities on AML/CFT matters.
• Maintain accurate records for at least 8 years and support internal/external audits.
• Stay updated on evolving VA-specific risks (e.g., blockchain patterns, anonymity-enhancing tools) and recommend improvements.

Qualifications & Experience (Mid-Level Focus)

• Minimum 2 years of relevant experience in AML/CFT compliance (essential per VARA requirements) ideally in banking, fintech, payment services, crypto/virtual assets, or regulated financial institutions.
• Bachelor s degree in Law, Finance, Business, Compliance, or related field (AML/CFT certifications like CAMS, ICA, or equivalent highly desirable).
• Solid understanding of UAE AML/CFT laws, FATF standards, and VARA regulations (or willingness to quickly master them).
• Familiarity with transaction monitoring tools, KYC/CDD processes, sanctions screening, and goAML reporting is a plus.
• Basic knowledge of blockchain, cryptocurrencies, wallets, and VA transfer risks preferred but not required we can train the right candidate.
• Strong analytical, investigative, and reporting skills.
• Excellent communication and ability to explain complex compliance concepts to non-experts.
• UAE residency or eligibility to obtain it preferred (for ease of regulatory interactions).
• Fit and Proper Person status (VARA will assess; clean record and integrity required).