Compliance Officer MLRO
Share
Job Location:
Monthly Salary:
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Department:
Job Summary
About Wahed Invest Limited:
Wahed Invest Limited is authorized and regulated by the FSRA to conduct regulated activities in or from ADGM as an Islamic Finance Business with a 3C license which includes:
Sharia Compliant Regulated Activities
Managing Assets
Arranging Custody
Job Description
- Take full responsibility for maintaining regulatory licenses and fulfilling compliance deliverables in the UAE concerning the investment business and 3C license ensuring full adherence to FSRA and ADGM guidelines.
- Provide compliance advisory support to the business ensuring adherence to regulatory requirements permissible activities and product development.
- Conduct comprehensive compliance risk assessments monitoring and testing to evaluate the effectiveness of internal policies procedures and guidelines.
- Report compliance risks and findings regularly to executive management and escalate material concerns to the Board of Directors when necessary.
- Act as the primary liaison with the FSRA on compliancerelated matters.
- Develop implement and update compliance policies procedures and frameworks to prevent illegal unethical or improper conduct.
- Oversee the daytoday implementation and operation of the compliance framework.
- Actively apprise local updates with the group compliance team.
- Identify and assess compliance risks associated with the Firms existing and future business activities including new products business relationships and international expansion.
- Collaborate with Risk Management Shariah and Legal teams to direct compliance issues to the appropriate channels for investigation and resolution.
- Develop written compliance guidelines for employees and service providers ensuring clarity on the implementation of laws regulations rules and standards.
- Maintain a centralized inventory of essential laws and regulations ensuring accessibility and regulatory compliance for all staff.
- Establish and supervise compliance checks and internal controls.
- Address any compliance audit findings and lead remediation activities.
- Review and provide compliance approval for marketing material that goes out on various platformsFacilitating resolution of client complaints
- Assist the Risk officer for the quarterly risk committee meetings and ensure updates are provided on GRC tool Archer.
- Act as the Money Laundering Reporting Officer (MLRO) overseeing all KYC/AML obligations in line with FSRA regulations.
- Ensure full compliance with AML/CFT requirements including transaction monitoring suspicious activity reporting and regulatory obligations.
- Conduct and oversee customer due diligence (CDD) enhanced due diligence (EDD) and sanctions screening at the onboarding stage and ongoing monitoring.
- Ensure timely submission of all regulatory returns statements and reports.
- Centralize compliancerelated information including breaches of regulation conflicts of interest and internal violations.
- Develop and enforce a robust framework for handling regulatory violations and investigations.
- Promote a strong compliance culture within the firm through training and awareness programs.
- Oversee regulatory inspections ensuring timely resolution of findings and implementation of necessary corrective actions.
- Act as the Company Secretary for the firm and ensure effectiveness of the Board. Also conduct Board meetings in a timely and efficient manner and ensuring that all significant aspects of business are apprised to the Board.
Regulatory Compliance & Governance:
Compliance Risk & Controls:
AML & KYC Responsibilities:
Governance Responsibilities:
Job Specification:
- 56 years of experience in Compliance within the financial services sector in the region.
- Minimum 23 years of experience in ADGM and FSRA regulatory compliance.
- Candidates with global compliance experience are preferred but not essential.
- Strong knowledge of FSRA regulations AML/KYC frameworks and investment business compliance.
- Ability to liaise with regulators manage compliance risks and implement effective compliance frameworks.
- Strong analytical communication and stakeholder management skills.
Required Experience:
Unclear Seniority
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
About Company
About Ahmed Abdulwahed Co Ahmed Abdulwahed Trading Co. started its journey in the sixties with the launch of its first retail outlet in Saudi Arabia and since then, it has achieved remarkable growth and expanded both its brands portfolio and branches network. Today, it’s is the bigge ... View more
