Compliance Manager
Fujairah, United Arab Emirates
Job Description
Job Code: 178/001/980
Location: Fujairah
Salary: AED 18,000 ? 20,000
Industry: Management Consulting
Job Purpose:
This role is in relation to AML/CFT, Economic substance, GoAML, UBO resolutions, and any other compliance & inspection regulation in the United Arab Emirates.
Job Responsibilities:
Compliance
Job Responsibilities:
Compliance
? Overseeing the implementation of the Registrar?s AML/CTF policies, procedures, system, and controls.
? Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations.
? Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing money laundering and terrorism financing.
? Being the Registrar?s key person in implementing the AML/CTF strategies.
? Supporting and coordinating senior management focuses on managing the Registrar?s ML, TF, and sanctions risks.
? Collaborate with Law Enforcement Agencies (LEA), Financial Intelligence Unit (FIU), or other State Authorities, provide them with all requested data, and allow their authorized employees to view the necessary records and documents that will allow them to perform their duties.
? Detect activity relating to money laundering crime and related predicate offenses and the financing of terrorism or illegal organizations.
? Review, scrutinize and study records, receive data concerning Suspicious Activity and take decisions to either notify the FIU or maintain the company registration with the reasons for maintaining while maintaining complete confidentiality.
? Review and approve or decline company registration, renewals, or amendments.
? Prepare, execute, and document ongoing training and development programmes and plans for employees on Money Laundering and the Financing of Terrorism and Financing of Illegal Organizations and the means to combat them.
? Ensure all staff employed in the AML/CTF environment (including the Head of Compliance / Compliance Manager) go through the ?fit and proper? test.
? Evaluates team members? knowledge, educates and trains them on related laws, procedures, and federal regulations.
? Coordinating gap assessments with impacted departments. Follow-up to ensure any gap is subject to a clear action plan and is completed within the required timelines.
? Carry out periodic risk assessments to identify current and new risk types, levels, significance, and scope and take the necessary mitigation action.
? Carry out compliance training programs to relevant and impacted departments, individuals, and third parties impacted and subject to compliance regulations.
Inspection
Inspection
? The principal monitoring objective is to prevent and deter conduct that may cause reputational damage to Registrar and the UAE.
? Overseeing the implementation of the Registrar?s inspection policies, procedures, system, and controls.
? Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations.
? Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing any suspicious activities.
? Being the Registrar?s key person in implementing the inspection strategies and key performance indicators.
? Review and approve the inspection plan and ensure inspections are being conducted as per scheduled plans.
? Review and scrutinize inspection results/reports.
? Ensure a proper remediation plan is communicated to the client wherever applicable.
? Prepare, execute, and document ongoing training and development programs and plans for employees on inspection.
? Ensure all staff employed in the inspection environment (including the Head of Inspection / Inspection Manager) go through the ?fit and proper test.
? Act decisively and ensure procedural fairness, proportionality, and transparency when assessing and taking regulatory actions.
? Review and make detailed recommendations for proportionate enforcement action where appropriate.
? Supporting the conduct of civil and administrative enforcement proceedings.
Job Requirements:
Job Requirements:
? Bachelor?s degree in a related discipline.
? ACAMS certification from either UK/US or equivalent.
? At least 8 years of experience in a similar role, out of which 3 years should be as a Compliance Manager / similar role.
? Candidate should have the ability to handle multiple departments and bring changes in terms of policies, rules, and regulations within the company.
? At least 5 years of experience in a similar role in the UAE, ideally within the government/services industry.
? Knowledge of UAE AML regulatory law.
? Full knowledge of Economic Substance Regulation procedures.
? Quality standards and quality assurance policy and procedure experience.
? Experience in compliance and management strategy development, procedures, tools, techniques, and implementation.
? Experience in dealing with authorities as well as higher management levels.
? Excellent oral and written communication skills, with fluency in English and Arabic.
? Working experience within the compliance & AML Sector, ideally within the services industry.
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Job Detail
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Job IdJD1548422
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationFujairah, United Arab Emirates
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EducationNot mentioned