Mea Compliance Officer

Dubai, United Arab Emirates

Job Description

Description About this role Business Unit Overview: BlackRock\'s Compliance Department protects BlackRock\xe2\x80\x99s reputation and provides client focused advice. It understands, challenges and advises on the impact of regulation in our business, with the objective of:
  • Actively participating in business decisions to champion our clients\xe2\x80\x99 interests and assist the business to translate Compliance into their daily work.
  • Having client interests at the center of everything we do.
  • Cultivating and enhancing the compliance culture within BlackRock.
  • Providing thought leadership on the impact and implementation of regulation.
  • Developing and fostering excellence within the Compliance team.
Role Description: A new and exciting opportunity has arisen to join BlackRock\xe2\x80\x99s EMEA Compliance Advisory team covering the Middle East. This position will complement an existing team of expert compliance professionals based across EMEA reporting to the Middle East head of compliance based in Dubai although there will be an additional reporting line into the EMEA head of Financial Crime to ensure a globally consistent AML framework. Our ideal candidate will have at least six years of relevant experience within a leading investment/fund manager and will have gained expertise in mutual fund regulation, institutional client business, sovereign wealth and 3rd party distribution. Experience with regulatory obligations across the broader MENA region will be a distinct advantage. The successful candidate will exhibit strong partnership and relationship management skills. The strength of character to offer healthy challenge will be essential, as will be the ability to engage successfully with stakeholders at all levels of the business. A highly-motivated self-starter, the successful candidate will demonstrate sound judgment, excellent technical and regulatory knowledge, a strong team ethic, combined with high energy, enthusiasm, resilience, tenacity, diplomacy and relationship management skills. Key Responsibilities:
  • Identifying all regulations affecting the Middle East business, monitoring all regulatory risks and potential compliance breaches while ensuring internal policies and procedures take account of the changing regulatory landscape
  • Support the compliance team with regulatory reporting and liaising with SCA/DFSA and checking that all regulatory returns and ad hoc notifications have been submitted to the SCA/ DFSA and all applicable regulatory authorities on a timely basis.
  • Develop a Regulatory Risk Framework outlining any requirements and ensuring suitable controls are in place.
  • Review and approval of advertising and marketing materials for distribution in the Middle East region. This will involve having a detailed understanding of marketing rules as well as digital marketing.
  • Be the senior point of contact with the regulators and maintain positive relations with external stakeholders.
  • Establishing and maintaining an appropriate money laundering training program and adequate awareness arrangements for all relevant employees and conduct ad-hoc focused training on specific regulatory compliance matters.
  • Timely escalation of regulatory matters to the Middle East Head of Compliance.
  • Strengthening of compliance controls and the embedding of a compliance culture through reviews, guidance, advice and stakeholder engagement.
  • Assisting and advising senior management in identifying and mitigating the compliance risks facing the Firm and designing and implementing policies, procedures, systems and controls that will enable the Firm to comply with the legislation in the UAE and in particular the Dubai International Financial Centre.
  • Provide reports on a regular basis and, as directed or requested, keep senior management informed of the operation and progress of Compliance efforts.
  • Establishing and maintaining the firms\xe2\x80\x99 files and registers in relation to: controllers; senior management apportionment; authorised individuals; breaches; complaints; conflicts identification and management, marketing materials; clients, regulatory returns and notifications to the DFSA and SCA.
  • Responsibility for compliance with the UAE and DFSA AML rules and any relevant anti-money laundering legislation.
  • Establish and maintain anti-money laundering policies, procedures, systems and controls and compliance with anti-money laundering legislation applicable in the DFSA and UAE Federal authorities.
  • Contributing to the creation of management reporting and communication on Compliance matters to senior management, corporate and/or fund boards and BlackRock business stakeholders.
  • Providing advice on the anticipation, impact assessment and response to regulatory development;
  • Designing and delivering effective regulatory training initiatives to the business.
Knowledge / Experience:
  • Minimum of 6-8 years\xe2\x80\x99 experience in compliance. Experience with the DFSA or other Middle East regulators is advantageous.
  • A strong understanding of regulation.
  • Skills/experience in investment advice, investment management and investment products.
  • Excellent written and spoken English required; proficiency in Arabic a plus
  • High levels of \xe2\x80\x9cEQ\xe2\x80\x9d & good communication skills
  • Integrity and professionalism; must be a team player
  • Must be independent and a self-starter, with excellent organisational skills and ability to work independently to tight deadlines
  • Strong business presentation, writing, communication and interpersonal skills.
  • Extensive experience within a control function within the asset management industry, ideally within Compliance or Legal.
  • Demonstrable ability to influence a highly-performing internal client base by delivering timely, credible, accurate and value-added advice.
  • High levels of enthusiasm for supporting an innovative product development, marketing and distribution strategy.
  • Highly effective written and verbal communications skills.
  • Consistent ability to demonstrate high standards of professional accuracy and excellent attention to detail.
  • Self-motivation, the ability to work autonomously and high energy levels.
  • The technical ability and mindset to deliver a solutions-driven approach and the judgment to use this in appropriate circumstances.
  • Excellent organisational skills with ability to prioritise workloads, progress multiple tasks and adhere to deadlines.
  • Ability to collaborate effectively both within the team and across functions.
  • The strength of character to offer healthy challenge.
  • High degree of familiarity with regulatory environment ex-UK or a genuine desire to develop such knowledge.
  • As part of the broader EMEA Compliance Department, broader advisory experience across the asset classes and covering a range of jurisdictions would be a distinct advantage.
  • Language skills would be a distinct advantage.
Qualifications
  • Significant financial services experience with a focus on regulation;
  • Educated to degree level, possibly with a professional qualification e.g., ACA, CFA, IMC;
  • Strong working knowledge of CMA Rules and other Middle East regulatory requirements;
  • Self-starter. Ability to drive forward work plans under little supervision;
  • Collaborative team player;
  • Strong written/oral communication;
  • Ability to prioritise workloads and adhere to deadlines;
  • High standard of accuracy and excellent attention to detail;
Our benefits To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about. Our hybrid work model BlackRock\xe2\x80\x99s current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments. About BlackRock At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children\xe2\x80\x99s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress. This mission would not be possible without our smartest investment \xe2\x80\x93 the one we make in our employees. It\xe2\x80\x99s why we\xe2\x80\x99re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

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.


Job Detail

  • Job Id
    JD1534047
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Dubai, United Arab Emirates
  • Education
    Not mentioned