Money Laundering Reporting Officer MLRO

MLRO

Meet myZoi

myZoi is a SC Ventures (SCV) fintech startup dedicated to promoting global financial inclusion, by offering affordable, convenient, and transparent financial services to the unbanked and underbanked.

The Role

We are looking for a smart, ambitious, and purpose-driven MLRO to join myZoi, based in Dubai. Youll establish and maintain a robust governance and compliance culture, ensuring adherence to FCC laws and regulations, and FCC policies and procedures.

Our ideal candidate would be responsible for managing the efficient and effective governance of FCC risk:

• Establish and maintain adequate support structures (people, processes, tools, frameworks, systems) to facilitate sustainable business growth and mitigate FCC risks.
  
• Ensure compliance and governance levels align with regulatory expectations and SC Ventures (“SCV’s”) requirements.
  
• Assist in implementing the vision, strategy, and CFCC plan set by the Chief Compliance Officer, supporting myZoi’s strategic direction.
  
• Cultivate positive relationships with lead regulators, managing interactions with FCC regulatory stakeholders effectively.
  
• Oversee all FCC-related tasks including licensing, reporting, queries, examinations, and inspections.
  
• Ensure consistent execution of FCC and AML policies in line with local regulatory requirements, delivering on regulatory commitments.
  
• Continuously develop and improve myZois FCC policies and procedures in line with applicable laws and effective program implementation across the organization.
  
  

Responsibilities

Business

• Act as a trusted advisor to the Business, providing timely advice to ensure compliance with relevant laws, regulations, and best practices.
  
• Implement a risk-based CFCC framework and monitoring program to proactively mitigate compliance risks.
  
• Challenge business stakeholders where activities exceed risk tolerance, escalating as needed.
  
• Support and challenge myZoi’s businesses and functions to maintain appropriate conduct, comply with CFCC requirements, and achieve fair outcomes for clients.
  
• Conduct investigations into suspicious activity, reporting to authorities and enabling informed decisions on reputational and regulatory risks.
  
• Promote a culture of compliance and adherence to FCC standards, including ethical conduct and adherence to the Code of Conduct within myZoi.
  
• Align with the Group’s and SCV’s Compliance framework, producing high-quality management information for compliance risk framework owners.
  
  

Processes

• Execute relevant aspects of the Financial Crime and Enterprise risk framework as an independent second-line risk control function.
  
• Provide specialist advice and constructive challenge proportionate to the nature, scale, and complexity of myZoi’s business.
  
• Conduct regular FCC training programs to engage and educate staff on FCC matters.
  
• Establish control standards and advise on developing appropriate controls to mitigate FCC risks.
  
• Assist in drafting and implementing AML/CTF/CDD/Sanctions policies and procedures.
  
• Offer advice to relevant stakeholders on compliance with Group standards related to FCC policies and frameworks.
  
• Ensure timely preparation and filing of internal and external SAR reports in accordance with local regulation requirements.
  
• Maintain proper records and registers for all AML and CTF investigations.
  
  

Risk Management

• Escalate FCC breaches or breaches of risk tolerances to Regulators and SCV stakeholders, ensuring prompt remediation or cessation of activities.
  
• Analyze significant financial crime events ensuring identification and reporting of all connected parties internally and externally across relevant jurisdictions.
  
• Provide advice on material FCC issues, ensuring appropriate steps are taken to manage or mitigate them.
  
• Oversee the identification, assessment, management, monitoring, mitigation, and reporting of financial crime risks.
  
• Identify financial crime risk indicators through internal and external sources, including customers.
  
• Collaborate with other CFCC teams within the Group and SCV to anticipate horizon risks and support the development of effective strategies to mitigate them, including global standards for conduct of business.
  
• Periodically report to myZois Senior Management and the Board on the adequacy and effectiveness of AML/CFT policies, procedures, systems, and controls.
  
• Annually assess the main FCC risks faced by the company, reporting to Senior Management, the Board, and Regulators.
  
  

Governance

• Draft, implement, and maintain FCC policies, standards, department operating instructions, and process notes.
  
• Promote and embed a culture of openness, trust, risk awareness, and organizational compliance, assisting with the implementation and tracking of regulatory and financial crime policies and standards.
  
• Manage the remediation process for any FCC risk issues and breaches.
  
• Support the Chief Compliance Officer and myZoi with horizon scanning, staying updated on regulatory changes and breaches relevant to myZoi’s business model.
  
• Conduct all FCC regulatory reporting and manage regulatory engagement regarding any regulatory observations.
  
  

About You

• Display exemplary conduct and adhere to the Group’s Values and Code of Conduct, taking personal responsibility for embedding the highest standards of ethics, regulatory, and business conduct across myZoi.
  
• Possess a strong understanding of the financial services sector, demonstrating sound judgment on business practices within a digital environment, regulatory frameworks, and FCC risk management.
  
• Demonstrate a keen awareness of AML/CTF regulatory developments, locally and internationally.
  
• Exhibit strong organizational, communication, and stakeholder management skills, capable of identifying, challenging, and resolving risks and issues.
  
• Bring over 10 years of hands-on experience in financial crime, compliance, and regulatory risk management to the table.
  
• Be a MLRO registered with a Financial Service Regulator in the UAE or similar jurisdiction, holding a relevant professional certification in financial crime and compliance.
  
• Possess extensive knowledge of corporate governance best practices, delivering FCC training, and embedding robust FCC frameworks.
  
• Enjoy a collaborative working style across stakeholders to identify, escalate, mitigate, and resolve risk, conduct, and compliance matters.
  
• Demonstrate strong organizational skills, attention to detail, and an orientation to deadlines.
  
• Thrive in a creative, fast-paced, agile environment, ensuring fair outcomes for clients and financial crime compliance.
  
• Have clear, concise, and persuasive writing and presentation skills, coupled with enthusiasm to execute and get things done.
  
• Bring an imaginative and creative approach to work, coupled with curiosity about new technologies, workflows, and products.
  
• Ability to see things from multiple perspectives and continuously ask "why," with a good business acumen and understanding of industry trends, directions, and regulatory considerations.
  
• Understand effective communication concepts, tools, and techniques, adept at transmitting, receiving, and accurately interpreting ideas, information, and needs across diverse situations and customer segments.
  
  

At myZoi we strive to create a both a product and a team that embraces equality, inclusion, diversity and freedom. We want people who can be themselves and bring their own brand of value to the team. Come and join us.