Compliance Officer & MLRO

We're Hiring: Compliance Officer & MLRO

Location: Dubai, UAE / Overseas

About Daman Markets

• Daman Markets is a leading online trading provider offering access to forex and CFD markets, including stocks, indices, commodities, crypto and futures. We combine extensive financial industry expertise with modern trading solutions.
• Why Join Daman Markets?
• Join an international, collaborative and high-performance environment where innovation is encouraged, ideas are valued, and professional growth is supported.

Role Purpose

Own the licensed entity's regulatory and AML/CFT framework, including FSA and FIU reporting, onboarding, monitoring and surveillance. Operate within the framework established by the Head of Compliance while retaining personal statutory responsibility for decisions assigned to the appointed officer under Seychelles law.

Key Responsibilities

Regulatory Compliance (FSA)

• Act as the primary contact for the Seychelles FSA, managing correspondence, information requests, inspections and thematic reviews.
• Prepare and submit annual returns, audited financial statements, capital adequacy reports and statutory filings on time.
• Maintain the licence conditions register, escalate breaches and near-breaches, and notify the FSA where required.
• Manage Securities Dealer Representative accreditations, key-person changes and shareholder/controller approvals.
• Advise the Board, senior management and business functions on regulatory, AML/CFT and conduct implications of proposed products, payment channels, partnerships and marketing initiatives.
• AML/CFT and Financial Crime
• Act as Compliance Officer/MLRO under the AML/CFT Act 2020, handling internal suspicion reports and filing SARs/STRs with the FIU through goAML.
• Maintain the internal reporting register, AML/CFT policy, business risk assessment and customer risk-rating methodology.
• Approve high-risk relationships and EDD outcomes, and oversee sanctions, PEP, adverse-media and relevant crypto wallet screening standards.
• Deliver induction and annual AML training, maintain attendance and testing records, and support the Alternative Compliance Officer to ensure cover during absences.
• Onboarding and Client Lifecycle
• Own the onboarding framework and client lifecycle.
• Conduct second-line reviews of risk-based onboarding samples and approve high-risk and non-standard cases.
• Maintain client categorisation, appropriateness and risk-warning standards for CFD clients.
• Monitoring, Surveillance and Conduct
• Manage the annual compliance monitoring programme and report findings and remediation progress quarterly to the Board and Head of Compliance.
• Oversee trade and transaction surveillance, including abusive trading, latency and arbitrage patterns, and market abuse escalation.
• Review marketing materials, website content, IB and affiliate arrangements, and territory restrictions before release; maintain the restricted-jurisdictions list.
• Manage complaints handling, the complaints register and root-cause reporting.

Governance

• Maintain the compliance risk register and breach log, reporting to the Board and Head of Compliance.
• Liaise with external auditors, the local company secretary and outsourced service providers, including overseeing outsourcing due diligence.
• Ensure records are maintained in Seychelles and available for FSA inspection.

Required Qualifications & Experience

Essential Requirements

• Willingness to relocate to any location required for the role.
• 5+ years of experience in financial services compliance, including at least 2 years in a regulated brokerage, securities dealer or payments firm.
• Working knowledge of the Securities Act 2007 and subsidiary regulations, the AML/CFT Act 2020 and FSA guidance.
• Demonstrable hands-on experience drafting SARs/STRs and filing through goAML.
• Clean regulatory and criminal record, with the ability to satisfy the FSA fit-and-proper assessment.

Desirable Requirements

• Previous FSA-approved key-person status in Seychelles or a comparable jurisdiction.
• Experience with CFDs, leveraged FX or virtual assets.
• Experience within a group compliance function covering multiple regulators.
• Experience with FSA inspections or establishing functions for a new licence.
• A degree in Law, Finance or a related discipline; ICA Diploma, CAMS or equivalent certification.
• What We Offer?
• An exciting opportunity to work in an international environment.
• Career development and growth opportunities.
• A collaborative and inclusive work environment.
• If you're ready to grow your career with a dynamic team that's shaping the future of online trading, we'd love to hear from you!
• 🌐 Learn more about us: www.damanmarkets.com