Head of Compliance / MLRO

Head of Compliance / MLRO Job type: Full Time · Department: Legal & Compliance · Work type: On-SiteDubai, Dubai, United Arab Emirates Job detailsApplication formThis role requires 4 days/in office in Dubai Internet CityAbout LorumThe structural conflict at the centre of correspondent banking is not technological. It is economic. Banks earn revenue from their balance sheets: they lend deposits, capture FX spreads, and hold funds as long as it is rational to do so. Clearing, the act of releasing funds quickly and predictably, competes directly with those economics. An institution designed to lend has a structural incentive to hold deposits; an institution designed to clear has an incentive to release them. When one institution does both, clearing loses. The result is unpredictable settlement, trapped capital, and a correspondent network shrinking by design.Why LorumLorum was founded on a different premise: clearing as the business, not a byproduct. The model has been operational since 2023 and grew 55x in 2025, with USD clearing now the majority of volumes alongside a growing treasury offering. We have applied for a U.S. national trust bank charter. The people we hire now will build the clearing and treasury infrastructure it unlocks.About the roleLorum is seeking to appoint a senior Head of Compliance & MLRO for its Dubai-based regulated entity.This is a senior control role with responsibility for leading the entity’s compliance and financial crime framework and ensuring that it remains effective, proportionate and aligned with applicable regulatory requirements. At the same time, the role is an important part of the wider Lorum Group governance model and will play a central role in embedding the Dubai entity’s compliance framework within the broader group framework, policies, standards and control environment.The role is based in Dubai and serves as the senior compliance and financial crime lead for the Dubai entity. The role will work in close partnership with the Group Chief Legal, Risk and Compliance Officer and within the broader Lorum Group governance framework, while maintaining direct access to local senior management and governance bodies on all material compliance and financial crime matters.This role therefore requires a candidate who can operate effectively in a group-led governance environment, contribute to the consistent implementation of group standards and frameworks, and at the same time ensure that the Dubai entity maintains a strong, credible and effective local compliance function.The successful candidate will work closely with the Group Chief Legal, Risk and Compliance Officer and relevant group stakeholders to ensure strong alignment with the group’s overall governance, risk and compliance architecture, while maintaining clear responsibility for the effectiveness of the local compliance and AML framework. The role requires a senior professional who combines sound regulatory judgement, practical execution and the credibility to operate effectively across both local entity and group structures.Key responsibilitiesLead and oversee the compliance and financial crime framework for the Dubai entity, ensuring that policies, procedures, controls and governance arrangements remain effective and appropriate to the nature, scale and complexity of the business act as the senior compliance lead and MLRO for the entity, subject to any required regulatory approvals ensure that the Dubai entity’s compliance framework is fully embedded within the wider Lorum Group governance and control framework, with appropriate alignment to group policies, standards, methodologies and reporting.Work closely with the Group Chief Legal, Risk and Compliance Officer to support the implementation of group-wide compliance, risk and governance initiatives within the Dubai entityAdvise local management and relevant group stakeholders on regulatory obligations, compliance risks, conduct expectations and financial crime matters relevant to the...