Compliance Officer

Job description / Role

Client - Financial Investment Group

Involved with all aspects of compliance, you will lead the provision of policy guidelines, monitoring programs, compliance reviews and associated management reporting to ensure that the company complies with all regulatory requirements placed upon it by all the relevant authorities.
- Providing oversight of Compliance for the business and external clients, in order to identify, monitor and manage regulatory risks.
- Identifying/investigating unusual trends or activity that can be indicative of compliance problems and communicate/escalate as necessary, including recommending practical solutions to compliance issues.
- Assisting the Business with identifying compliance risk and integrating legal/regulatory compliance requirements into written policies/procedures and new product/process proposals.
- Assisting the Business in assessing new or changed laws and regulations to determine their impact on processes, procedures and information systems.
- Maintain a strong and proactive relationship with the DFSA including maintaining the regulatory relationship plan.
- Overseeing of the Banks compliance obligations.
- Ensuring that staff knowledge is kept up to date on compliance.
- Preparing reports for the FCA as well as monthly reports for the Directors and quarterly Board reports.
- Liaising closely with other areas within the business.
- Ensuring adequate systems, controls and procedures are fully documented and in place to cover all areas of the business.
- Conduct the compliance monitoring and review framework for the front office to evaluate and ensure the continued adequacy of the Business compliance environment and proactively identify areas of concern.
- Reviewing/evaluating other key management/exception reports as well as audit and regulatory exam results to identify areas of concern.
- Assisting the Business with identifying compliance risk and integrating legal/regulatory compliance requirements into written policies/procedures and new product/process proposals.

Requirements

In order to apply for this role, you must be western educated and have a minimum of 5 - 7 years within a Compliance role, specifically within the DIFC. In addition, have the ability to lead all aspects of the compliance function and have a sound knowledge of all DFSA regulations.

- Sound knowledge and understanding of Banks Risk & Compliance requirement.
- Strong oral and written communication skills.
- High initiative and independence.
- Excellent self organisation skills.
- Good team player.

About the Company

BWP is a privately owned, top-end, low volume specialist recruiter with an emphasis on the Middle East markets.

The company has pedigree, a pedigree that comes with over 30 years combined experience of the local markets and from the capabilities of our staff and from their intimate knowledge of all major white collar sectors in the MENA region.

As well as our bespoke search capacity, we are also able to professionally and knowledgeably advise on all aspects of the human capital dimension; from salary surveys and recruitment strategies to general HR policy , development and training.