Compliance Officer & Permanent Control

Job description / Role

Compliance Officer & Permanent Control (UAE)

- Analyzing and measuring requirements to implement the appropriate regulations and international best practice on compliance & Permanent Control issues.
- Provide timely and accurate compliance advise in relation with regulatory and code of conduct requirements.
- Work closely with each department by receiving self-assessment reports and providing them updates on new regulatory requirements.
- Identification, analysis and implementation of risk based Know Your Customer (KYC) and Due Diligence Standards requirements as per Central Bank
- Identification and direction on Know Your Transaction standards for cash transactions, SWIFT wire transfers, manager’s cheques, clearing transactions
- Making recommendations to the Head of Compliance & Permanent Control for filing suspicious transaction report (STR) filed with the Financial Intelligence Unit of the Central Bank (AMLSCU).
- Implementation of Record Keeping and Documentation requirements of CBUAE.
- Approve in coordination with the Head of Compliance & Permanent Control policies, products, processes, media announcement, forms, website etc. from compliance & AML perspective.
- Conducting compliance & Permanent Control monitoring and testing based on assessed risk of the business / operations unit.
- Raising the reports and co-coordinating with the responsible departments to get responses.
- Liaise with the IT department for system integration of KYC /AML requirements.
- Interacting with the regulators and circulating the incoming correspondence from regulators within relevant departments
- Maintaining relevant registers for applicable laws, regulations and Compliance & Internal Control Standards.

Requirements

- Graduation / Post graduation in Law or Economics or Business Administration.
- At least three years’ experience in Compliance related roles in a reputed financial institution.
- Knowledge of relevant material laws, rules and regulations, good knowledge of banking, preparation of monitoring reports.
- Team Player, strong time management skills and can handle pressure
- Must be an Arabic speaker

About the Company

Mackenzie Jones Middle East has decades of recruitment expertise in various industry sectors. Along with a deep understanding of key market sectors and regions, we never forget to treat clients, companies and candidates as individuals who have unique needs.

So we always listen, constantly learn, occasionally challenge and frequently advise. Its all part of a service renowned for its courtesy, consideration and dedication. Based in Dubai since 2006, our office covers the GCC and Levant countries and with the right regional expertise, we are the leading specialists.

Were growing rapidly because people appreciate our honesty, commitment and results.