Pro  Finance

Compliance Officer - Dubai

City of London
£50000 - £60000 per annum
29 Nov 2012
06 Dec 2012
Shaima Nasim
Job Role
Contract Type

Compliance Officer
Dubai - only apply if you are located in Dubai
294,000 AED - Yearly

Pro-Finance is currently recruiting for a compliance officer to work in Dubai - you must be located in Dubai.

Establishing and maintaining effective Compliance and anti money laundering policies, procedures, systems and controls in compliance with applicable legislation in the DIFC and the UAE;
Assisting employees in their responsibility for complying with all relevant regulations, including the provision of advice on compliance issues, and acting as the point of contact to receive internal suspicious transaction reports;
Handling any internal suspicious transaction reports and taking appropriate actions following the receipt of such reports, and making external suspicious transaction reports to the Anti Money laundering Suspicious Cases Unit (AMLSCU) and the DFSA;
Reporting on all relevant material or significant breaches, and acting as the point of contact for UAE Authorities and the DFSA regarding Compliance and money laundering issues;
Responding promptly to any request for information made by UAE Authorities or the DFSA;
Maintain records in line with the regulations of the DFSA and respond to queries raised;
Support and maintain appropriate Compliance and anti money laundering training programmes and awareness programmes;
Drafting internal Compliance and anti-money laundering procedures;
Monitoring the implementation and compliance with these procedures;
Undertaking KYC due diligence / client on-boarding function and ensuring that senior management are properly informed in respect of client relationships that require approval;
Ensuring that senior management are properly informed in respect of issues and breaches;
Liaise with the Head of BGC Compliance deliver the Annual Compliance Plan and Compliance Monitoring Programme to identify, monitor and manage regulatory risk including financial crime;
Build and maintain relationships with relevant regulators and exchanges.

Skills / Qualifications:
Minimum 3-5 years compliance experience preferably within the Financial services industry with a DFSA regulated entity or from an equivalent jurisdiction;
Excellent written and verbal communication skills in English and Arabic;
An excellent and in-depth working knowledge of a wide range of financial products and services including Islamic finance;
In depth knowledge of the regulatory framework applicable to the firm including legislation, regulation, best practice and exchange rules;
Ability to manage a suite of regulatory policies and procedures;
Strong academic background; university degree and relevant professional qualifications;
Experience of undertaking compliance monitoring and advisory activities;
Experience of working with regulators and senior management;
Ability to draft written reports and provide oral briefings on matters of key regulatory significance;
Good understanding of the risk identification and management process;
Result oriented and ability to independently interact with the Regulators and the senior management.

This is a permanant positon looking to start asap, please send your updated CV to ProTax is acting as an Employment Agency in relation to this vacancy.