Head Of Compliance & Inspection
Fujairah, United Arab Emirates
Job Description
b'
Job Code: 178/002/878
Location: Fujairah
Salary: Based on experience
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
\xe2\x80\x93 Overseeing the implementation of the Registrar\xe2\x80\x99s AML/CTF policies, procedures, system, and controls.
\xe2\x80\x93 Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations.
\xe2\x80\x93 Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing money laundering and terrorism financing.
\xe2\x80\x93 Being the Registrar\xe2\x80\x99s key person in implementing the AML/CTF strategies.
\xe2\x80\x93 Supporting and coordinating senior management focuses on managing the Registrar\xe2\x80\x99s ML, TF, and sanctions risks.
\xe2\x80\x93 Collaborate with the 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.
\xe2\x80\x93 Detect activity relating to money laundering crime and related predicate offenses and the financing of terrorism or illegal organizations.
\xe2\x80\x93 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.
\xe2\x80\x93 Review and approve or decline company registration, renewals, or amendments.
\xe2\x80\x93 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.
\xe2\x80\x93 Ensure all staff employed in the AML/CTF environment (including the Head of Compliance / Compliance Manager) go through the \xe2\x80\x98fit and proper\xe2\x80\x99 test.
\xe2\x80\x93 Evaluates team members\xe2\x80\x99 knowledge, educate and train them on related laws, procedures and federal regulations.
\xe2\x80\x93 Coordinating gap assessments with impacted departments. Follow-up to ensure any gap is subject to a clear action plan and is completed within required timelines.
\xe2\x80\x93 Carry out periodic risk assessments to identify current and new risk type, level, significance and scope and take the necessary mitigation action.
\xe2\x80\x93 Carry out compliance training programs to relevant and impacted departments, individuals and third parties impacted and subject to compliance regulations.
Inspection
Inspection
\xe2\x80\x93 The principal monitoring objective is to prevent and deter conduct that may cause reputational damage to Registrar and the UAE.
\xe2\x80\x93 Overseeing the implementation of the Registrar\xe2\x80\x99s inspection policies, procedures, system, and controls.
\xe2\x80\x93 Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations.
\xe2\x80\x93 Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing any suspicious activities.
\xe2\x80\x93 Being the Registrar\xe2\x80\x99s key person in implementing the inspection strategies and key performance indicators.
\xe2\x80\x93 Review and approve the inspection plan and ensure inspections are being conducted as per scheduled plans.
\xe2\x80\x93 Review and scrutinize inspection results/reports.
\xe2\x80\x93 Ensure a proper remediation plan is communicated to the client wherever applicable.
\xe2\x80\x93 Prepare, execute, and document ongoing training and development programs and plans for employees on inspection.
\xe2\x80\x93 Ensure all staff employed in the inspection environment (including the Head of Inspection / Inspection Manager) go through the \xe2\x80\x98fit and proper test.
\xe2\x80\x93 Act decisively and ensure procedural fairness, proportionality, and transparency when assessing and taking regulatory actions.
\xe2\x80\x93 Review and make detailed recommendations for proportionate enforcement action where appropriate.
\xe2\x80\x93 Supporting the conduct of civil and administrative enforcement proceedings.
Job Requirements:
Job Requirements:
\xe2\x80\x93 Bachelor\xe2\x80\x99s degree in a related discipline.
\xe2\x80\x93 ACAMS certification from either UK/US or equivalent.
\xe2\x80\x93 At least 5 years\xe2\x80\x99 experience in a similar role in the UAE, ideally within government/services industry.
\xe2\x80\x93 Knowledge of UAE AML regulatory law.
\xe2\x80\x93 Full knowledge on Economic Substance Regulation procedures.
\xe2\x80\x93 Quality standards and quality assurance policy and procedure experience.
\xe2\x80\x93 Experience in compliance and management strategy development, procedures, tools and techniques as well as implementation.
\xe2\x80\x93 Experience in dealing with authorities as well as higher management levels.
\xe2\x80\x93 Excellent oral and written communication skills, with fluency in English is a must; Arabic is an advantage.
\xe2\x80\x93 Working experience within the compliance & AML Sector, ideally within services industry.
Please visit our jobs page to check out our current list of jobs in UAE and across the world.
Follow us on LinkedIn and Facebook to stay updated regarding our upcoming opportunities.
Please visit our jobs page to check out our current list of jobs in UAE and across the world.
Follow us on LinkedIn and Facebook to stay updated regarding our upcoming opportunities.
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.
Related Jobs
Job Detail
-
Job IdJD1510510
-
IndustryNot mentioned
-
Total Positions1
-
Job Type:Full Time
-
Salary:Not mentioned
-
Employment StatusPermanent
-
Job LocationFujairah, United Arab Emirates
-
EducationNot mentioned