Assistant Manager- Compliance

Al Rostamani International Exchange LLC; Dubai; In loco; AED 350.000 - 650.000; Tempo pieno

Descrizione del lavoro

Al Rostamani International Exchange LLC is seeking a seasoned Head of Compliance to lead the AML and regulatory framework across the organization in the UAE. You will oversee compliance programs, supervise AML controls, and coordinate with the Central Bank and correspondent banks to ensure robust risk management and reporting.

The role requires extensive experience in financial services, strong investigative skills, and a proven ability to manage teams and drive compliance culture within a

Competenze

• 10 years’ experience in financial services and at least 5 years in Compliance.
• AML certification from a reputed institution
• Knowledge of international regulatory requirements

Mansioni

• Assume the duties of the Head of Compliance in his/her absence
• Assist the Head of Compliance in implementing and supervising the AML Compliance framework across the organization in line with regulatory requirements of Central Bank (CB) and correspondent banks
• Conduct AML committee meeting and to take actions based on the decisions along with the Head of Compliance
• Attend seminars and workshops conducted by regulatory authorities (CB) and correspondent banks/service providers
• Assist Central bank (CB) inspection team during their compliance audit
• In the absence of head of Compliance; raise suspicious transactions report to CB of UAE
• Analyse the queries/rejections coming from the banks/service providers and take necessary actions
• Enhance the awareness of employees on AML by developing and delivering effective training materials and test the knowledge level of the staff regularly
• Liaise and assist the AML external auditors
• Ensure periodic testing of new processes and systems and provide report to Head of Compliance
• Develop system controls and review the effectiveness periodically provide report to Head of Compliance
• Ensure the sanctions lists are updated as per the changes notified by the authorities provide report to Head of Compliance
• Review and Develop rules in the system for conducting analysis
• Report any non-conformances to the Head of Compliance
• Review the AML risk management process
• Identify AML risks in various areas of operations and accordingly propose controls (system/manual) to mitigate it to Head of Compliance
• Prepare and consolidate the following reports

Conoscenze

Excellent communication skills

Effective investigation skills

Knowledge of international regulatory

Strong knowledge of AML

Organization skills

People management skills

Formazione

Bachelor degree in related field

Descrizione del lavoro

Job Description:

Every employee at Al Rostamani Group plays a role in making a real difference to the business and our customers. We care for our employees by offering them meaningful and purposeful work and an opportunity to grow, learn, contribute and succeed. Today, the Al Rostamani Group has come a long way since its birth in 1957. Our group has grown steadfastly with the guiding principles of Commitment, Care & Vision, alongside a strong sense of active involvement in the community. We are a well-diversified group, with a key presence in industries such as General Trading, Automobiles and Heavy Equipment, Travel, Foreign Exchange, Financial Services, Property Management, Construction, Infrastructure Development and Information Technology Services. Our Group employs approximately 2000 people from 41 different nationalities, which contributes to our multicultural and multi-national environment.

Al Rostamani International Exchange is a leader in providing currency exchange and international remittance services in the UAE. It is an ISO 9001:2000 certified company having a wide range of products and services catering to all income groups for both nationals and expatriates.

Job Purpose

Compliance to the regulatory requirements related to the Anti-Money Laundering laws, regulations & standards by developing a proper framework including the policies, procedures, identification of AML risk and developing controls in order to mitigate the risk and thereby ensuring an effective compliance program.

Job Responsibilities

Anti-Money Laundering (AML)

• Assume the duties of the Head of Compliance in his/her absence


• Assist the Head of Compliance in implementing and supervising the AML Compliance framework across the organization in line with the regulatory requirements of Central Bank (CB) and correspondent banks


• Conduct AML committee meeting and to take actions based on the decisions along with the Head of Compliance


• Attend seminars and workshops conducted by regulatory authorities (CB) and correspondent banks/service providers


• Assist Central bank (CB) inspection team during their compliance audit


• In the absence of head of Compliance; raise suspicious transactions report to CB of UAE


• Analyse the queries/rejections coming from the banks/service providers and take necessary actions


• Enhance the awareness of employees on AML by developing and delivering effective training materials and test the knowledge level of the staff regularly


• Liaise and assist the AML external auditors


• Ensure periodic testing of new processes and systems and provide report to Head of Compliance

Internal Compliance

• Develop system controls and review the effectiveness periodically provide report to Head of Compliance


• Ensure the sanctions lists are updated as per the changes notified by the authorities provide report to Head of Compliance


• Review and Develop rules in the system for conducting analysis


• Report any non-conformances to the Head of Compliance

Risk Management relating to AML

• Review the AML risk management process


• Identify AML risks in various areas of operations and accordingly propose controls (system/manual) to mitigate it to Head of Compliance

Others Relating To AML

• Prepare and consolidate the following reports

Compliance reports

• Leadership Responsibilities


• Ensure the effective achievement of functional objectives through the leadership of function - setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal - in order to ensure that the highest level of performance is achieved

Job Requirements

Qualifications

• Bachelor degree in related field

Experience

• 10 years’ experience financial services and at least 5 years in Compliance

Certification

• AML certification from a reputed institution

Knowledge & Skills

• Excellent communication skills


• Effective investigation skills


• Knowledge of international regulatory requirements


• Strong knowledge of AML


• Organization skills


• People management skills

At Al Rostamani Group , we seek talented people who work hard to achieve great things. We consider not only your skills and experience, but also your passion for the role, your desire to learn and how well you align with our core values of care, commitment and vision. If this position represents an opportunity you wish to pursue, we invite you to apply.