Compliance Manager | Corporate Services | Dubai

Job Reference:

AR10993

Type of Job:

Permanent

Sector:

Corporate Services

Package:

Attractive Tax Free Cash Package + Flight + Incentive + Bonus + Medical

Location:

Dubai - United Arab Emirates

Job Description:

An exciting opportunity has arisen to work for a leading multinational company who are an international leader in fund and corporate services, capital market solutions, private wealth and employee benefit solutions. They offer a comprehensive range of specialised administrative services that ensure the sound financial administration of companies. Enabling clients to comply with their applicable legal, tax and regulatory regimes. They are a high profile client, dealing with mainly blue-chip & fortune 500 clients.

At this time they are looking to hire an experienced Compliance Manager (in-house) to take full responsibility for the compliance and regulatory matters for their 3 UAE entities. (Inc DIFC & ADGM) This person will report to their Regional Director Risk & Compliance who is based in Europe, with a dotted line report to the local MD in the UAE. A solid understanding of the UAE regulatory environment (DSFA and FSRA), as well as a proven track record as a registered CO/MLRO, are essential.

Responsibilities will include:


• Applying Confidential Group’s group and local compliance & risk standards in a consistent and aligned manner

• Providing timely and high-quality compliance and risk advice to the business and functions, and ensuring business needs are being met

• Ensuring the compliance & risk management policies and strategies are in compliance with applicable laws and regulations and strategic objectives

• Working in close co-operation with the CRO and functional Global Heads GRC to roll out the regional Risk framework and Compliance Monitoring Programme (CMP) and ensuring appropriate reporting

• Highlighting relevant (compliance) risk signals for the UAE

• Being the point of contact for and having a transparent relationship and mutual understanding with the relevant regulators and monitoring authorities

• Maintaining/ developing/ enhancing communication with other (advisory) units in particular Control, IT Security Data Protection, Legal, Human Resources and Internal Audit

• Steering the acceptance process of new clients and prospects in close cooperation with the business functions

• Communicate with the Business regarding outstanding CDD for client entities and all relevant related parties as well as ensure that current and accurate contact details are maintained in the database

• Monitor and follow up with the Business on a regular basis where CDD is outstanding for a period of up to 3 months and report figures to the Managing Director as well as the Regional Director Risk & Compliance

• Update database with any new client details which are made available

• Ensure that Risk Engine scrubs are conducted on a regular basis in line with the policy reporting any adverse information to the Regional Director Risk & Compliance and Managing Director in a timely manner

• Ensure that the office complies with the assigned file review budget and conduct testing on 20% of the file reviews completed

• Prepare monthly management information for the Managing Director

• Assist the Regional Director Risk & Compliance and Managing Director with any new or ad hoc projects whenever necessary

• Act as an authorised point of contact for the Financial Services Regulatory Authority (FSRA) and the Dubai Financial Services Authority (DFSA).

• To act as and be appointed as the Compliance Officer, MLRO and Data Protection Officer with the local authorities (DIFC and ADGM)


Education/Experience Required:

To be considered for this position, candidates should meet the following criteria:

• Strong ethics, attention to detail, collaboration, independency and autonomy

• University degree with a minimum of three to five years compliance related experience and/or AML/CTF specific training

• Solid understanding of the UAE regulatory environment (DSFA and FSRA)

• Experience as registered CO/MLRO

To apply, please click APPLY NOW to upload your CV and quote the job reference.

Job Reference:

AR10993

Published Date:

9 March 2022, 02:30:00