Job Purpose Summary

As a KYC Officer in LME TRADING DMCC, a company with global oil and petroleum products trading and associated shipping activities, you will play a pivotal role in our efforts to ensure compliance with international anti-money laundering (AML), counter-terrorism financing (CTF) regulations and Price Cap Rules (PCR). You will be responsible for conducting due diligence on new and existing clients and vendors (Know-Your-Customer (KYC)) and extended due diligence (Denied Party Screening (DPS)), assessing risk levels, and ensuring that our business dealings are transparent and lawful.

Primary Responsibilities 

• Conduct thorough KYC checks on new customers and vendors, including identity verification, background checks, and due diligence research.
• Perform regular reviews and updates of existing customer records to ensure ongoing compliance with AML and PCR regulations.
• Conduct DPS and suggest appropriate compliance risks management related to counter-parties.
• Analyze transactional patterns and behaviors that might indicate potential risks or illicit activities.
• Work closely with the legal and compliance teams to develop and enforce KYC-related policies and procedures.
• Stay abreast of changes in international maritime law, sanctions lists, and AML requirements, and adjust KYC processes accordingly.
• Train and guide other staff members on compliance matters and the importance of KYC.
• Prepare reports for management on KYC matters, highlighting potential risks and compliance issues.
• Facilitate communication between sales, operations, and compliance departments to ensure alignment of KYC practices with business objectives.
• Participate in various tasks and projects involving Compliance, including but not limited to:
• Periodic Compliance Reviews/Audits of LME TRADING DMCC group companies and offices;
• Perform other tasks as delegated by Head of Compliance.

Experience

• Trade sanctions (at least 3 years in the commodities trading industry and/ or commodity trade finance);
• Bribery and Corruption regulations (at least 3 years);
• Antitrust/ Competition law (at least 3 years);
• KYC / DPS (at least 3 years in the commodities industry, and/or the trade finance, and/or oil & gas).

Knowledge

• OFAC Programme on SDNs
• UK OFSI Programme on designated persons
• Maritime Shipping, Chartering
• Ukraine-Russia Sanctions Framework
• Russian counter-sanctions

Education

• Bachelors degree in Law, Finance, Business Administration, or related field.

Languages

English

Russian