Compliance & Risk Manager - UAE

Job Title: Compliance & Risk Manager-UAE

Location: Dubai

Salary: Competitive Salary Package + Benefits

Job Purpose:

The role will develop strategy and departmental governance and compliance & risk for the business.

Responsibilities:

1. Develop and maintain a sound Compliance & Risk framework; a prerequisite for the further growth and development of the Company.
2. Identify and implement Compliance Monitoring framework and prepare compliance status reports to the board on a regular basis. Closure of Statutory and Internal Audit issues by implementation of agreed audit recommendations.
3. Review business processes and controls timely to ensure maintenance of appropriate business controls.
4. Design gap analysis for all Compliance & Risk processes and controls.
5. Recognize and report suspicious activities in line with the prescribed rules of the Financial Intelligence Unit.
6. Analyze and identify possible money laundering activity reported by operations & Banks.
7. Respond timely to various agencies raising Compliance Inquiries.
8. Review and address systems generated and manual AML alerts.
9. Maintain AML/KYC compliance risk data collection, analysis, and prepare reports with recommendations to mitigate exposures.
10. Investigate suspicious transactions and file Suspicious Activity Reports as required.
11. Assist and train other departments' personnel, agents, and dealers on AML & Compliance issues to ensure a compliance culture within the operations.
12. Prepare internal & external compliance reports for the Group compliance office regarding external and regulatory compliance issues on AML/KYC.
13. Provide all reports and information in a timely and accurate manner.
14. Attend training sessions as required to keep current with regulation changes, partnering bank, and policies.
15. Assist in managing, driving, and supporting the initiative of the AML framework.
16. Coordinate regulatory inspections and examinations.
17. Advise the Board and create a culture of compliance by ensuring that management and staff embrace compliance through training.
18. Identify and assess compliance risks associated with the operation’s current and future business activities, including new products and services and new business relationships.

Educational Qualifications & Functional / Technical Skills

• Bachelor's degree or equivalent work experience, preferably with a major in Finance, Economics, Accounting, IT, or other related fields; preferably an MBA.
• 5 years of wide-ranging bank experience – 3 years management experience in either operations or compliance/audit related activities, with demonstrated understanding of the regulatory environment including Central Bank’s Prudential Guidelines.
• Superior software skills, especially in MS Excel, Access, and Word. Successful history of working with software applications. 3+ years of experience working in telecom/banking auditing environment.
• Demonstrated experience in interfacing with and communicating information on AML issues to senior management and regulatory bodies.
• Strong working knowledge of AML regulations, specifically in banks and other financial institutions regulated by the Central Bank.
• Strong understanding of data analysis, auditing, and reconciliation methods and procedures.
• Proven ability to take large amounts of multi-faceted data and create insightful and meaningful information for business decision making.
• Hands-on project management skills; any SQL or Oracle experience is helpful.

Other requirements (Behavioural etc.)

• Strong analytical and data interpretation skills.
• Excellent verbal and written communication, organizational, and interpersonal skills.
• Strong communication skills with all levels of management in a professional capacity.
• Ability to work effectively under time constraints and deliver results by critical deadlines.
• Strong capability to pull reports, load information, and trend data.
• Ability to work seamlessly across businesses and hierarchy levels.