Job Description

Company Description

Property Shop Investment (PSI), established in 2007, is the No. 1 largest private real estate company in Abu Dhabi and Dubai. Known as a platinum real estate company, PSI has created prominent brand recognition with esteemed developers in the UAE. We provide a wide range of real estate services aimed at exceeding expectations and inspiring people while ensuring a hassle-free real estate experience. Our commitment to sustainable and dynamic performance has fueled our continuous success and impactful milestones.

Role Description

Develop, implement, and maintain an effective AML/CFT compliance program that includes policies, procedures, and controls to ensure operational compliance. Ensure that the AML/CFT compliance program effectively prevents, detects, and responds to compliance risks related to money laundering and terrorist financing. Update the AML/CFT program to reflect changes in the law, regulatory requirements, and emerging risks. - Conduct and oversee the compliance risk assessment process to identify areas of potential vulnerability and risk; develop and implement corrective action plans for resolution of problematic issues. Regularly conduct risk assessments to identify the potential AML/CFT risks associated with customer behaviors, product offerings, and the geographies in which the company operates Train employees on regulations and industry practices and the adoption of internal policies and procedures. Provide guidance on the proper application and interpretation of laws, regulations, and policies applicable to AML and CFT. Manage and maintain the compliance monitoring and testing program, ensuring that audit and review findings are resolved in a timely manner Oversee the due diligence processes for high-risk clients, including enhanced due diligence for politically exposed persons (PEPs), high-net-worth individuals, and complex corporate structures. Ensure that due diligence practices are thorough and adhere to legal and regulatory standards to protect the company from potential exposure to financial crime. Train, mentor, and oversee the compliance team to ensure that they are knowledgeable about applicable AML/CFT laws and regulations, and that they perform their duties effectively. Conducting the MLRO report for the compliance performance and provide key updates to the board and senior management, including reporting on compliance breaches and corrective actions. Liaise with regulatory bodies and law enforcement agencies as required, and ensure timely submissions of required AML/CFT reports and disclosures. Ensure comprehensive, timely, and accurate reporting of suspicious activities and transactions to the appropriate authorities. - Stay abreast of new regulatory developments and enforcement actions in the AML/CFT arena and adjust compliance programs as necessary. Develop and deliver training programs that ensure all employees are aware of AML/CFT laws, regulations, and company policies, and understand their role in maintaining compliance. Act as the primary compliance advisor to senior management and the board of directors, providing regular updates on compliance initiatives, issues, and trends. Engage with law enforcement and regulatory bodies as needed, representing the organization in matters related to AML/CFT compliance. Lead investigations into AML/CFT breaches and ensure appropriate corrective measures are taken. Leverage technology solutions to enhance the efficiency and effectiveness of the AML/CFT compliance program. Oversee the implementation of technological tools and systems that aid in monitoring, reporting, and analyzing transactions for suspicious activities.

Qualifications

Compliance Management, Regulatory Compliance, and Compliance Auditing skills Experience in developing and implementing compliance policies and procedures Strong understanding of local real estate laws and regulations in the UAE Excellent written and verbal communication skills in Arabic and English Analytical thinking and problem-solving skills Ability to work independently and as part of a team Bachelor's degree in Law, Finance, Business Administration, or a related field Experience in the real estate industry is a plus
Job Type: Full-time