Job Description

The Role
The following roles are in relation to AML/CFT, Economic substance, GoAML, UBO resolutions, and any other compliance & inspection regulation in the United Arab Emirates. Compliance \xe2\x80\xa2 Overseeing the implementation of the Registrar\xe2\x80\x99s AML/CTF policies, procedures, system, and controls \xe2\x80\xa2 Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations \xe2\x80\xa2 Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing money laundering and terrorism financing \xe2\x80\xa2 Being the Registrar\xe2\x80\x99s key person in implementing the AML/CTF strategies \xe2\x80\xa2 Supporting and coordinating senior management focuses on managing the Registrar\xe2\x80\x99s ML, TF, and sanctions risks \xe2\x80\xa2 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\xa2 Detect activity relating to money laundering crime and related predicate offenses and the financing of terrorism or illegal organizations \xe2\x80\xa2 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\xa2 Review and approve or decline company registration, renewals, or amendments \xe2\x80\xa2 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\xa2 Ensure all staff employed in the AML/CTF environment (including the Head of Compliance / Compliance Manager) go through the \'fit and proper\' test \xe2\x80\xa2 Evaluates team members\xe2\x80\x99 knowledge, educate and train them on related laws, procedures and federal regulations. \xe2\x80\xa2 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\xa2 Carry out periodic risk assessments to identify current and new risk type, level, significance and scope and take the necessary mitigation action. \xe2\x80\xa2 Carry out compliance training programs to relevant and impacted departments, individuals and third parties impacted and subject to compliance regulations. Inspection \xe2\x80\xa2 The principal monitoring objective is to prevent and deter conduct that may cause reputational damage to Registrar and the UAE. \xe2\x80\xa2 Overseeing the implementation of the Registrar\xe2\x80\x99s inspection policies, procedures, system, and controls \xe2\x80\xa2 Ensuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations \xe2\x80\xa2 Assess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing any suspicious activities \xe2\x80\xa2 Being the Registrar\xe2\x80\x99s key person in implementing the inspection strategies and key performance indicators \xe2\x80\xa2 Review and approve the inspection plan and ensure inspections are being conducted as per scheduled plans \xe2\x80\xa2 Review and scrutinize inspection results/reports, \xe2\x80\xa2 Ensure a proper remediation plan is communicated to the client wherever applicable. \xe2\x80\xa2 Prepare, execute, and document ongoing training and development programs and plans for employees on inspection \xe2\x80\xa2 Ensure all staff employed in the inspection environment (including the Head of Inspection / Inspection Manager) go through the \'fit and proper test \xe2\x80\xa2 Act decisively and ensure procedural fairness, proportionality, and transparency when assessing and taking regulatory actions \xe2\x80\xa2 Review and make detailed recommendations for proportionate enforcement action where appropriate \xe2\x80\xa2 Supporting the conduct of civil and administrative enforcement proceedings

Requirements

• Bachelor\xe2\x80\x99s degree in a related discipline. \xe2\x80\xa2 ACAMS certification from either UK/US or equivalent \xe2\x80\xa2 At least 5 years\xe2\x80\x99 experience in a similar role in the UAE, ideally within government/services industry \xe2\x80\xa2 Knowledge of UAE AML regulatory law. \xe2\x80\xa2 Full knowledge on Economic Substance Regulation procedures \xe2\x80\xa2 Quality standards and quality assurance policy and procedure experience \xe2\x80\xa2 Experience in compliance and management strategy development, procedures, tools and techniques as well as implementation \xe2\x80\xa2 Experience in dealing with authorities as well as higher management levels \xe2\x80\xa2 Excellent oral and written communication skills, with fluency in English is a must; Arabic is an advantage \xe2\x80\xa2 Working experience within the compliance & AML Sector, ideally within services industry \xe2\x80\xa2 The position is based in Fujairah.

About the company
Fujairah Culture and Media Authority was founded with the aim of raising the level of performance and effectively contributing to achieve an exceptional civilized cultural and media life in Fujairah.