Compliance Officer

Roles and responsibilities

• Supporting the Head of Compliance (UAE) to provide effective oversight of 2LOD regional and local MLRO teams and 1LOD FinCrime teams
• Maintaining and updating FinCrime and Regulatory Compliance policies
• Providing oversight and support to the identification, remediation, and resolution of FinCrime-related risk incidents
• Providing 2LOD support to the business
• Assisting 1LOD FinCrime teams with the launch of products, procedures, processes, and systems
• Establishing, maintaining, and reviewing dashboards on an ongoing basis to identify areas that might fall outside of risk appetite and require further investigation
• Working closely with global Regulatory Compliance Managers to ensure that local risk management frameworks and processes are aligned with global ones and deliver the intended outcome
• Identifying regulatory issues proactively and recommending remedies to promote compliance
• Preparing responses to ad hoc regulatory requests, ensuring the highest reporting standards are maintained
  

What You'll Need

• 4+ years of FinCrime (AML/CTF and Sanctions) and regulatory compliance experience, covering a wide range of subjects across retail and business customer bases, such as KYC, CDD/EDD, Transaction Monitoring, Risk Assessments, and Reporting (SARs)
• Experience in compliance risk management within a consultancy, compliance function, or regulator
• Knowledge of UAE financial services regulations, covering onshore and financial freezone regulators
• Knowledge and understanding of global anti-financial crime frameworks, regulatory recommendations, risk management good practice, and control arrangements in a complex financial organisation
• Excellent knowledge and experience identifying financial crime risks and potential vulnerabilities, and advising on best practices to effectively and efficiently address those findings
• The ability to analyse data and compliance processes to draw conclusions and make recommendations

Desired candidate profile

• Regulatory Knowledge: In-depth understanding of relevant laws, regulations, and industry standards (e.g., GDPR, HIPAA, SOX).

• Attention to Detail: Meticulous in reviewing policies, processes, and documentation to ensure compliance and identify potential issues.

• Analytical Skills: Ability to analyze complex regulations and determine their implications for the organization.

• Risk Management: Identifying, assessing, and mitigating compliance risks within the organization.

• Communication Skills: Clearly conveying compliance requirements and policies to employees at all levels, including training and awareness programs.

• Ethical Judgment: Strong sense of ethics and integrity to guide decision-making and promote a culture of compliance.

• Problem-Solving: Developing effective solutions to compliance challenges and regulatory changes.

• Project Management: Organizing and managing compliance initiatives, audits, and assessments effectively.

• Interpersonal Skills: Building relationships with stakeholders, including regulators, management, and employees, to foster a culture of compliance.

• Continuous Learning: Staying updated on changes in laws and regulations and adapting compliance programs accordingly.