Job for arabists Business Solutions
Compliance Executive Jobs in UAE
The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory authorities, that policies and procedures are being followed, and that behavior in the organization meets the Standards of Conduct.
Key Responsibilities:
Leading execution of advisory projects on strategic matters linked to regulation with particular regard to DIFC/DFSA, ADGM/FSRA and Central Bank of the UAE and SCA
Assist the Head of Regulatory and Compliance Services in overseeing the day-to-day operation of the Firm’s AML policies, procedures, systems and controls (to include periodic client reviews and checks on the fitness and propriety, procedures and standards for the identification and verification of business partners;
Manage the regulatory and Compliance Services team and associated personnel from a group/related entities compliance perspective:
Proactive management in relation to Projects, Group systems and controls and taking reasonable steps to ensure that any information, records, or documents kept are well maintained and that these are held in a manner consistent with the relevant internal policies and procedures as well as UAE Laws, Rules, Regulations and Guidance;
Proactively participate as a member of Strategic Committee and Risk Committee as well as manage a risk-based client on-boarding process consistent with Federal laws;
Assist clients with developing adequate structures and control frameworks to ensure regulatory compliance and advising clients on how to build/enhance an ethics, integrity and compliance culture;
Reviewing regulations and determining best practices for the effective mitigation of any non-compliance and as delegated by the Managing Partners;
Acting as the central point of contact with the competent regulatory authorities in respect of all Compliance and AML/CTF related matters to include liaising with the appropriate Regulator as required on a prompt and timely basis to include but not limited to: Responding promptly to any request for information made by any competent regulatory authority in respect of any aspect of the firm’s business activities;
Acting as Outsourced Compliance Officer and Money Laundering Reporting Officer for clients regulated by the DFSA/FSRA/SCA and DED/Mainland/Other Offshore/Freezones;
Ensuring production of timely and meaningful Compliance Management Information to the Board of Directors as well as other governance related deliverables;
Providing periodic/ MI reports to the Head of Regulatory and Compliance Services on the effectiveness of the AML & Compliance tools and functions including but not exclusively limited to: clients KRIs & CRAF, client complaints, supervisory inspections, audits, reports & correspondence, training status update etc;
Perform any other compliance functions are required for the effective mitigation of any non-compliance and as delegated by the Managing Partners and Partner /Head of Regulatory and Compliance Services division.
Experience
A minimum of 5 years’ experience in Compliance Regulatory, Financial Crime and Compliance Systems
Familiarity with Banking Operations, Finance, Quality Assurance
Qualification
Bachelor’s Degree in Business, Law or Finance
CAMS and CISI Certified (Level 3 Compliance) would be an advantage