Compliance Officer and MLRO

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Client of Michael Page

Dubai

AED 120,000 - 180,000

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Yesterday

Job description

Initiate, develop, maintain, and revise policies and procedures of the compliance framework and its related activities to prevent illegal, unethical, or improper conduct, in liaison with the CCO;
Ensure the CCO is made aware of important DFSA communications and work with the UK compliance department to ensure the necessary changes are appropriately implemented into the branch's policies and procedures;
The point of contact for the DIFC, DFSA and competent UAE authorities on regulatory and AML matters, liaising with the SEO and CCO - responding promptly to any request for information made by competent UAE authorities or the DFSA;
To produce a weekly & quarterly 'Compliance & AML Report' and other ad-hoc MI or reports to the CCO and the SEO;
Identify and keep an inventory available essential laws and regulation pertinent to the branch; provide advice with regards to the legislation when required;
Undertake appropriate compliance checks and controls;
Review account opening documentation for branch referred clients;
Provide guidance to the business on permissible activities, new products and programs;
Address any compliance audit remediation activities;
Centralise all information on compliance-related issues (regulatory breaches, conflicts of interest, etc.);
Respond to alleged breaches of rules, regulations, and policies, procedures by evaluating or recommending the initiation of investigative procedures;
Develop and oversee a system for uniform handling of such breaches; exercise any specific legal responsibilities such as reporting suspicions transactions related to money laundering and the fight against terrorism financing;
Maintain an effective compliance monitoring programme tailored to the branch's activities, including promoting understanding of new and existing compliance issues and related policies and procedures;
The day-to-day operations for compliance with the Branch's AML policies, updating processes and manuals when applicable systems and controls, including assistance with the preparation of client take on document, KYC and AML reports;
The point of contact to receive Internal Suspicious Activity Reports ("Internal SAR") from the employees of the Company and to the appropriate action following the receipt of an Internal SAR;
Responsible for the submission of internal Suspicious Transaction Reports (STRs) to the Financial Intelligence Unit via the GoAML platform;
Receiving notifications from Federal Bodies/DFSA and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions;
Establishing and maintaining an appropriate AML training programme and adequate awareness arrangements for the staff members of the branch;
Prepare & update Financial Crime & Compliance appendices to the UK Manuals, and AML Business Risk Assessment for board approval on an annual basis;
Stay up to date with all compliance and AML laws and regulations pertaining to the operation of the branch.
Undertake annually a minimum of 12 hours of Continuous Professional Development relevant to the Compliance & MLRO function.

The Successful Applicant

Strong experience in regulatory compliance, in an authorised position or a deputy position (DFSA/FSRA)
Holds relevant Compliance/AML qualification (or willing to study towards qualification)
Aptitude to learn
Team member (flexible attitude), including a willingness to assist with compliance and risk areas of the business
Good verbal and written communication skills
Professional personal presentation
Organizing and planning
Attention to detail
Use of initiative to anticipating business needs
Ability to multi-task
Able to communicate with people at all levels