Compliance Officer Dubai UAE

Position: Compliance Officer

Date posted: 2023-10-17

Industry: other

Employment type: Full Time

Experience: 3 to 5 year

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 100000

Location: Dubai, United Arab Emirates

Company: Confidential

Description:

A leading company in Dubai is looking for Compliance Officer / MLRO.

Job Description

  • Design, review and revise compliance policies, procedures, and controls to meet applicable legislation, regulatory requirements and best practice standards.
  • Client/business partner onboarding, trade surveillance, conduct of business monitoring, general compliance monitoring, training and regulatory reporting as required.
  • Promoting, demonstrating and embedding a strong compliance culture.
  • Conduct due diligence checks and ongoing AML reviews for existing clients and business partners.
  • Act as key person for the oversight of all AML/CFT and sanctions matters, including implementation of effective and sustainable controls.
  • Oversee systems and controls to Identify and mitigate potential areas of AML compliance vulnerability and risks/gaps and develop/implement pragmatic corrective action plans.
  • Prepare reports for senior management, auditors and external regulatory bodies as appropriate.
  • Keep up to date with all relevant regulatory changes as well as evolving best practices, carrying out gap and business impact analysis.
  • Provide ongoing and ad-hoc support on compliance queries (both from internal and external stakeholders).
  • Review marketing materials to ensure compliance with regulatory and scheme requirements.
  • Assist with the identification, evaluation, monitoring and mitigation of operational risks; and proactively suggest improvements.

The Successful Applicant

  • Minimum 5 years overall industry experience with 2 or more years of direct wealth management/investments, compliance, KYC and AML experience with a financial institution.
  • Technical knowledge of applicable rules and regulations, including AML/CTF/Sanctions, VARA, Conduct of Business, FATCA/CRS, and Data Protection.
  • Knowledge of KYC, KYB and KYT with hands on experience on compliance software.
  • Knowledge of Chain Analysis, Elliptic or TRM Labs is a bonus.
  • Excellent English written and verbal communication, strong analytical, problem solving and organization skills.
  • Ideally have a Bachelors or Masters Degree from a top institution.
  • Be hands-on, detail oriented & able to function independently.
  • Have excellent attention to detail.
  • Have excellent communication skills both written emails and verbal.

What’s on Offer

  • Excellent career progression
  • Competitive salary & benefits
  • Great work environment & culture

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