Deputy MLRO - ADGM
Binance is a prominent global blockchain ecosystem known for operating the largest cryptocurrency exchange in trading volume and registered users worldwide. With a trusted user base of over 300 million in more than 100 countries, Binance is recognized for its top-notch security, transparent user fund management, fast trading engine speed, extensive liquidity, and a diverse range of digital asset products. From trading and financial services to education, research, payments, and institutional support, Binance offers a wide array of services tailored to the digital asset landscape. By harnessing the potential of digital assets and blockchain technology, Binance is dedicated to building an inclusive financial ecosystem to enhance financial accessibility and promote global financial freedom.
The Deputy Money Laundering Reporting Officer (DMLRO) will collaborate with the MLRO to ensure compliance with relevant AML/CFT and virtual asset regulatory standards in the UAE, designed to comply with frameworks issued by the FSRA, with potential future regional compliance coverage.
Key Responsibilities:
- Aid the MLRO in establishing, sustaining, and advancing the AML/CFT compliance framework aligned with UAE AML laws and regulatory guidelines.
- Assist in ensuring consistent adherence to FATF expectations and specific regulations for virtual asset businesses.
- Liaise with free zone and federal regulatory bodies concerning inspections, audits, regulatory reviews, and information inquiries.
- Supervise the local oversight of global compliance procedures, encompassing transaction monitoring and market surveillance.
- Manage day-to-day transaction monitoring alerts and conduct investigations into suspicious activities.
- Prepare Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) for MLRO review and submission to the UAE Financial Intelligence Unit via goAML.
- Contribute to developing, fine-tuning, and improving automated monitoring systems and controls.
- Contribute to drafting, evaluating, and updating AML/CFT policies, controls, procedures, and risk assessments.
- Conduct training sessions on AML/CFT and offer guidance on regulatory updates and compliance obligations.
- Support broader compliance projects and assist in fortifying the firm’s financial crime compliance framework.
Requirements:
- Strong attention to detail and sharp analytical and investigative skills.
- Excellent communication skills with the ability to explain complex compliance matters clearly to various stakeholders.
- High ethical standards, discretion, and proficiency in handling confidential information with integrity.
- Familiarity with compliance tools, case management systems, and blockchain analytics platforms like Chainalysis or Elliptic is advantageous.
- Bachelor’s degree in Finance, Law, Business Administration, or a related field.
- Minimum of 10 years of experience in compliance, AML/CFT, or regulatory affairs, particularly within financial services or related sectors in the MEASA region.
- Thorough understanding of regional regulatory frameworks and regulators in the MEASA region.
- Strong problem-solving, risk assessment, and analytical capabilities with a proactive approach to identifying and addressing compliance risks.
- Ability to work efficiently under pressure, manage competing priorities, and meet strict deadlines.
Binance is dedicated to fostering an inclusive and diverse workplace. We believe that a varied workforce is essential to our success. By submitting your job application, you acknowledge that you have read and accepted our Candidate Privacy Notice. AI tools may be utilized during parts of the recruitment process to support our recruitment team; however, final hiring decisions are always made by humans. For further information on data processing, please feel free to contact us.
