Job Description

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Role : Compliance & KYC Analyst ( Temporary Outsource )
Location : Abu Dhabi
Role Purpose:
Implementing ADIB Securities strategic and performance objectives by complying to regulatory requirements and internal policies:

• Enhancing compliance environment by interpreting and implementing the regulatory framework for ADIB Securities and improve conducting KYC and daily monitoring controls' testing activities.
• Implementing and monitoring of compliance regulatory rules and ADIB group policies.

Key Accountabilities of the role

• Contributes in review and renew policies and Procedures for ADIB Securities departments; Compliance, operations, brokerage and customer services.
• Providing compliance advice in KYC, Regulatory & Anti money laundering regulations to all departments -in matters related to trading transactions and accounts onboarding.
• Highlighting regulatory requirement's deviations from Policy & incorporate the initiatives in Policy & Procedures under review.
• Ensure new and existing Regulatory Compliance policies and procedures meet a standard of excellence Handling daily checklist of Compliance monitoring duties, ensuring all lines /departments are complying with ADIB Securities, Markets and SCA related rules.
• Monitoring Margin Trading Clients daily positions.
• Applying regulatory requirements on the following areas:

A Internal Control & Risk Management Duties: * Checking of recording system on daily basis.

• Reviewing and matching daily aging Report (Receivables and Payables) with financial system.
• Verifying mails registration system/procedures for inward and outward items from SCA & Markets.
• Verifying of client's complaints, ensuring that, it's managed according to SCA regulations.
• Preparing and handling control testing and Risk assessment checklist in quarterly basis.
• Attending markets and SCA questionnaires and liaising annual membership renewing cycles.
• Perform Quarterly Control testing & Risk Assessment, Ensure the identification of new and emerging risks from business and regulatory developments.
• Follow up with Brokers/RMs and Trading Managers for Margin Trading clients who are below Maintenance Margin 30% level.

B Monitoring Duties: * Monitoring client services activities in classifying new clients as (regular client, PEP or Nominal) applying KYC roles. Daily sample monitoring of the required Ids documents and its validity, signature, online trading, file archiving system.

• Assesses the completeness and quality of initial "Know Your Customer" (KYC) documentation for new customers
• Check in agreed random sample basis Trading issues such as order receiving method (order archiving, recording system/calls, emails, fax and online trading); randomly verifying for daily trade log, placed, cancelled, partially and fully executed orders, and quality of the recorded calls.
• Verifying availability of approvals for employees and insiders (if any).
• Run and review daily monitoring reports: Suspicions trades report, daily activities report, TWS report, Employees trades report, High risk transactions report, PEP transactions report, OD exception report, Bloomberg chats report.
• Conduct Monthly margin shares reconciliation with CS team.

C Regulatory and Financial Reporting Duties: * Ensure submitting of Regulatory reports: Segregation of Clients Cash, Capital adequacy report, Margin Monthly report, Dormant monthly report and Employees trading report to SCA in monthly basis and ensure comply with the deadline.

• Following up for Aging balances and Margin Trading accounts reports; ensure submitting to SCA within deadline.
• Follow up submitting monthly, quarterly and annually ADIB Securities Financials Statements to SCA.
• Follow up and handling weekly reporting to financial markets and follow up all compliance related communications with the regulator and the financial markets.

AIMS: * Proactively safeguarding ADIB Securities assets and its' customers from risks that can counterpart, e.g. Reputational, credit and market risks, Compliance and Legal Risks.

• Conduct control testing then manage and mitigate reputation and operational risks that might lead to losses.
• Help in building compliance culture by increasing awareness and updated knowledge on the AML issues throughout all ADIBs staff, Participate/ support in the delivery of annual compliance training.
• To contribute in ensuring the effectiveness of the compliance Program/Manual and proper identification and timely reporting of any unusual/suspicions cases.
• To ensure coordination with internal party (ADIB) & external parties in applying/compliance with rules and regulations and competing money laundering.
• To response to all queries raised by departments/ branches in a proper & timely manner on compliance issues.

Specialist Skills / Technical Knowledge Required for this role: * Good knowledge of compliance functions in brokerage field.

• Sufficient experience in Compliance, Banking & other related areas. Audit and Legal background is an added value.
• Strong knowledge of the UAE, SCA, ADX & DFM Regulations and Rules
• Strong knowledge of Brokerage products, policies & procedures.
• Excellent Communication and Presentation Skills.
• Ability to balance between compliance requirement, business needs and potential risks.
• Computer Skills - use of applications especially Microsoft Office
• Fluent in English/Arabic

Previous Experience Required:
5 Years experience in banking and financial services sector (preferably in Back office or Operation).

Skills Required