Compliance Officer jobs in United States

A global Investment/Asset Management client of ours is looking for an experienced Compliance Officer to come onboard to lead their compliance program for their Abu Dhabi businesses, reporting into the Group Chief Compliance officer based in the US. You will be responsible for the advising/oversight of all compliance activities across the Abu Dhabi entities ensuring that the Abu Dhabi limited business is in line with all FSRA, SCA and ADGM regulatory requirements, as well as ensuring that the firms are also in line with group policies. You will work closely and collaboratively with the other compliance officers across their middle east and APAC operations/businesses.

The Role Specification:

The Compliance Officer of firms Abu Dhabi Limited company (“ADLC”) performs the compliance oversight function for ADLC and is a senior executive of ADLC with overall responsibility for coordinating the identification and management of compliance risk (including ensuring that appropriate remedial action is taken if compliance breaches are identified and reported to the Board) and MLRO. Without limiting the generality of the foregoing statements, the specific responsibilities of the Compliance Officer are as follows:

• Developing and maintaining written policies and procedures to facilitate compliance with all applicable Financial Services Regulatory Authority (“FSRA”) Rules and Regulations.
• Advising senior management and the Board regarding applicable FSRA Rules and Regulations.
• Acting as the contact point for (i) compliance questions from staff members and (ii) coordinating with the main contact person in interactions between ADLC and the FSRA.
• Monitoring compliance by ADLC with all applicable FSRA Rules and Regulations.
• Taking appropriate remedial action if breaches of any applicable FSRA Rules and Regulations are identified.
• Advising senior management and the Board to the extent necessary, regarding applicable UAE Security & Commodities Authority (“SCA”), and Abu-Dhabi Global Market (“ADGM”) Rules and Regulations.
• Providing regular compliance reports to the Board which at least annually include an assessment of the main compliance risk issues faced by ADLC to assist in the assessment by the Board of the extent to which ADLC is effectively managing compliance risk.
• Making, or ensuring that the appropriate member of senior management of ADLC makes, all necessary regulatory submissions on a timely basis including FATCA/CRS reporting.
• To the extent necessary, acting as the contact point for (i) compliance questions from staff members and (ii) coordinating with the main contact person in interactions between ADLC and the wider Group.
• Assessing on an on-going basis the appropriateness of compliance procedures, identifying deficiencies and, if necessary, revising and/or supplementing such policies and procedures to address any identified deficiencies.
• Ensuring that adequate compliance records are maintained and stored securely in accordance with all applicable rules and regulations.
• Maintaining a central register of complaints and ensuring that customer complaints are thoroughly investigated and reported internally, and that an appropriate response is provided to the complainant.
• Promptly reviewing each personal securities transaction report that is submitted by ADLC staff members to verify that no transaction has been affected in any security listed on the Group’s Trading Restrictions.
• Preparing, circulating to all staff members, and reviewing completed and signed copies of annual compliance certifications certifying compliance with all ADLC Policies and Procedures Manuals and other documents.
• Supporting regional compliance team members (Middle East and APAC) as the backup to assist with tasks and general support.
• Assisting with compliance and listing requirements for ADX listed affiliate Firm’s including maintenance of Insider List, quarterly certifications, blackout period maintenance, and assisting with annual Governance Report.
• Assisting with and developing/maintaining written policies and procedures to facilitate compliance with all applicable Rules and Regulations for ADX listed entity.

Experience required:

• Experience working with these regulators; Financial Services Regulatory Authority (“FSRA”), UAE Security & Commodities Authority (“SCA”), and Abu-Dhabi Global Market (“ADGM”).
• Minimum of 7 years of experience in working in a compliance function within a financial services firm, with a preference for experience within an investment/asset management firm.

Remuneration: Salary 35,000 AED – 55,000 AED per month plus minimum bonus (discretionary – expectations: 3 months’ salary).