Head of Compliance

Responsibilities

The following is the Job Description pertaining to your employment and forms part of the Contract and should be read in conjunction with the Contract.

Your responsibility includes to perform the following tasks to the highest standard, and is not limited to:

• Assist with compliance monitoring within the business;
• Providing oversight of Compliance for the business and external clients in order to identify, monitor and manage regulatory risks;
• Identify and analyse business risks (provide compliance advisory on expanding existing business lines as well as for new business opportunities for the entire Group);
• Ensure fulfilment of the regulatory requirements and adherence to Company standards and the DFSA and ADGM rules and regulations
• Assess the adequacy of the Compliance Monitoring Program on a continuous basis and conduct periodic monitoring as required to confirm compliance with regulatory requirements and internal policies and procedures;
• Review the Internal Control System framework and propose new procedures and controls as deemed adequate and update of the Company’s Compliance Manual and other relevant internal policies vis-à-vis new regulations enacted by the authorities and new policies and trends, procedures and controls adopted by the Company as approved by the adequate governing bodies;
• Company and Client transactions monitoring to secure that no regulatory or ethics infringement occurs in assessing the suitability and appropriateness of a transactions, providing best execution, qualifying execution only transactions, avoiding conflicts of interest;
• Provide compliance advisory and updates on regulatory developments to the business;
• Preparation of reports to be shared with the Senior Management and Board of Directors;
• Manage regulatory matters, including relationships and correspondence with regulators, regulatory examinations, implementation of new regulations, licensing and regulatory filings;
• Work with business leaders to maintain policies and procedures supporting a culture of integrity, compliance and excellence and promote awareness and responsibility through regular training.
• Provide training to all staff on compliance matters and keep them informed of any changes in policies, procedures, systems and controls;
• Follow up on audits and inspections and assist in investigations;
• Receive and record all complaints, undertaking initial investigation and escalate to Senior Management Committee where appropriate;
• Managing the investigation process arising from the key compliance systems and making the necessary escalations to management and disclosures to the relevant authorities;
• Monitor all open legal issues involving the Company, and legal issues affecting the industry;
• Ensure that the Company complies with all legal and regulatory requirements.