Compliance Officer

Job Description

• Develop, assess, and update compliance policies, procedures, and controls to ensure alignment with relevant legislation, regulatory standards, and best practices.
• Act as the primary point of contact with the FSRA regarding compliance-related issues.
• Manage various compliance tasks including client/business partner onboarding, trade surveillance, conduct of business monitoring, general compliance oversight, training, and regulatory reporting (includes MLRO function).
• Provide oversight of all AML/CFT and sanctions-related activities, ensuring the implementation of effective and sustainable controls.
• Foster and reinforce a robust compliance culture throughout the organization.
• Conduct due diligence checks and continuous AML reviews for both existing clients and business partners.
• Supervise systems and controls to identify and address potential areas of AML compliance risk and develop and implement practical corrective measures.
• Offer guidance and support to senior management and staff on FSRA compliance matters.
• Coordinate staff awareness and training initiatives on compliance matters, contributing to the enhancement of a compliance-oriented culture within the firm.
• Manage firm records and registers as mandated by applicable regulations, encompassing registers related to breaches, complaints, suspicious transactions, training, etc.
• Report to and collaborate with the Senior Executive Officer (SEO) and the Board as necessary on compliance-related issues, overseeing both internal and external compliance reporting processes.

The Successful Applicant

• At least five years of overall industry experience, including a minimum of two years in wealth management or brokerage compliance and anti-money laundering (AML) within either the ADGM or DIFC for a category 3 firm.
• Proficiency in understanding and applying relevant rules and regulations, such as AML/CTF/Sanctions, Conduct of Business, FATCA/CRS, and Data Protection.
• Strong English communication skills, both written and verbal, along with robust analytical, problem-solving, and organizational abilities.
• Certification as a CISI/ACAMS professional.
• Ability to manage robust communication with external stakeholders and regulatory bodies.
• Capable of being hands-on, detail-oriented, and functioning autonomously.
• Business enabling approach.
• Willing to work in a start-up culture and be an integral part of the business development and success.