Assistant Manager – Compliance & DMLRO

Job Purpose
The Assistant Manager – Compliance & Deputy Money Laundering Reporting Officer (DMLRO)
is responsible for supporting the Compliance Head in managing day-to-day compliance
activities, ensuring adherence to AML/CFT regulations, and implementing effective compliance
strategies. The role also involves monitoring, reporting, and guiding staff on compliance-related
policies and processes, with a requirement to speak, read, and write Arabic.
Key Tasks and Duties
• Ensure compliance with local laws and regulations (Banking Law, AML Law, CBO & CMA
guidelines) and international best practices (Basel Committee, FATF, etc.).
• Identify and assess compliance risks across all business activities, including new products and
services.
• Advise on compliance policies, processes, and standards.
• Assess the impact of new laws and regulations; implement adequate compliance processes.
• Review and monitor compliance with CBO examinations and reports.
• Guide staff on compliance implementation and adequacy of internal processes.
• Report breaches promptly and follow up on deficiencies.
• Discharge statutory responsibilities as MLRO/DMLRO.
• Liaise with external regulatory bodies and furnish compliance reports.
• Conduct sample compliance testing to validate departmental certifications.

Qualification
Minimum Diploma in any stream (Finance or Accounting background preferred).