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Compliance Officer

Petronex
Dubai, UAE
Full time
Entry level
$1,000 - $1,500
3 weeks ago
AML (Anti-Money Laundering)KYC (Know Your Customer)Financial RegulationsData Privacy LawsCorporate GovernanceRisk Management
Free

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Key skills for this role

AML (Anti-Money Laundering)KYC (Know Your Customer)Financial Regulations
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Location

DMCC/Business Bay, Dubai — on-site

Reports to: CFO

Type: Full-time, permanent

About PetroNex PetroNex FZCO is a DMCC-based commodity trading company active in the physical crude oil market.

The compliance function sits at the heart of the business given the cross-border, high-value nature of the trade flows.

Role Purpose

To support the Compliance function across counterparty onboarding, ongoing due diligence, transaction monitoring, and sanctions screening, ensuring full alignment with UAE AML/CFT regulations and international best practice.

Key Responsibilities

  • Conduct KYC, CDD, and EDD on new and existing counterparties — buyers, banks, agents, brokers, inspection companies, and service providers.
  • Manage the end-to-end onboarding workflow: document collection, UBO verification, corporate structure analysis, risk scoring, and approval routing.
  • Perform sanctions, PEP, and adverse media screening using industry-standard tools (e.g. Dow Jones Risk Center, World-Check, LexisNexis).
  • Monitor transactions and cargo flows for unusual or suspicious activity; escalate in line with internal procedures.
  • Support the filing of Suspicious Transaction Reports (STRs) and other regulatory submissions via goAML.
  • Maintain audit-ready compliance records and counterparty files.
  • Run periodic KYC refresh cycles and re-screening.
  • Support external compliance reviews from banks, trading counterparties, and auditors.
  • Keep abreast of changes in UAE, OFAC, EU, UK, and UN sanctions regimes and flag relevant exposures.
  • Skills

Required Experience & Qualifications

  • 2–5 years' experience in a compliance or AML role, ideally within commodities, trade finance, energy, or banking.
  • Working knowledge of UAE AML/CFT framework (Federal Decree-Law No. 20 of 2018 and implementing regulations) and major international sanctions regimes.
  • Hands-on experience with KYC tooling and screening platforms.
  • Strong document review and attention to detail.
  • Fluent written and spoken English.

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