Group Compliance Manager

Job description / Role

Core Responsibilities
• Develop and monitor Compliance and ES strategies, plans, policies and procedures.
• Perform risk assessments to understand risk level, significance, and scope, and develop risk management, framework processes and strategies.
• Stay up to date with, and understand, relevant laws and regulations and implement them across the group, if needed.
• Monitor compliance with laws, regulations, and internal policies.
• Investigate irregularities and identify compliance and ES issues that require follow-up or investigation to be rectified.
• Compiling and validating the ES notifications/reports.
• Assisting the clients with their enquiries related to ESR.
• Work with external advisors/ consultants to develop ES policies and procedures.
• Verify that all regulatory policies and procedures have been documented, implemented, and communicated to relevant stakeholders.
• Conduct periodic internal reviews and audits to ensure that compliance procedures are followed and provide assistance to internal or external auditors in compliance and ES reviews.
• Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies.
• Design or implement improvements in communication, monitoring, or enforcement of compliance standards.
• Analyse risks to minimize losses or damages and maintain a compliance risk register.
• Develop emergency response plans or procedures.
• Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
• Implement internal controls.
• Create, implement, and monitor KYC framework and processes.
• Create, implement, and monitor risk assessment framework and processes.
• Create, implement, and monitor due diligence framework and processes.
• Implement proper compliance industry standards (Compliance Committee, delegation of authority, compliance commitment)
• Ensure up to date regulatory compliance across the group.
• Create, implement, monitor required policies and procedures across the Group.
• Give training on relevant compliance topics and procedures to internal staff.
• Implement internal controls.
• Lead and manage staff in compliance departments across the group.
• Prepare Management Reports.
• Keep up to date with any relevant new laws and regulations and implement them across the group, if needed.

Reporting to management and external parties
• File appropriate compliance and ES reports and report violations of compliance/ ES regulatory bodies and maintain regulatory or compliance documentation.
• Report back to Direct Manager & upper management on current risk, ES issues, and compliance performance.
• Take responsibility of all external communication/ compliance confirmation requests on compliances and ESR.
• Communicate compliance and ES policies and procedures to management.
• Prepare management reports regarding compliance operations and progress.

Managing licensees’ ESR compliance processes
• Maintain details of all entities licensed by the organization from an ESR perspective and monitor potential licensees under ESR along with compliances undertaken by them.
• Monitor the ESR portal and verify notifications/ reports/ other information as submitted by licensees.
• Report findings to the management at regular intervals.
• Support licensees with queries on ESR and communicate where information is required.
• Maintain documentation of compliance and ES activities, such as complaints received or investigation outcomes.
• Attending ESR committee meetings and other discussions organized by the Ministry of Finance/ FTA/ other relevant bodies in respect of ESR, keeping up to date with information regarding industry trends, and best practices and assess the potential impact of these changes on organizational processes for ESR.
• Liaise and work with external consultants/ service providers appointed for support on ESR and involve in creating awareness to Licensees on new developments as well as to create awareness internally.
• Responsible for leading, supervising and training team members who will support in meeting the ES requirements and obligations of the organization.

Requirements

• ACAMS certification from either UK/US/ Germany or France or equivalent
• Master’s Degree is desirable
• Over 5 years of relevant experience
• Compliance, organization, regulations, administration, customer, diligence, internal, filing, knowledge of AML laws and regulation, works with minimal supervision and full knowledge on Economic Substance Regulation procedures
• English, Arabic would be an advantage
• Should be a self-starter: bright, motivated, and dynamic, capable of attention to detail and maintaining the confidentiality of sensitive compliance data.

About the Company

KERSHAW LEONARD "WE CHANGE PEOPLES LIVES"

Who we are:

Founded in September 1999 The Kershaw Leonard Group was based upon professional recruitment practices laid down by the UK Institute of Employment Consultants whose values are still at the core of our success today.

Inherently we believe that recruitment is a people business not a CV processing business and as such we take time and care to make sure we understand the needs of both our Clients and our Candidates.

Such attention to the care side of our business together with the sheer length of time we have been established has given us a unique position. We regularly attract top class candidates who only want to work with Kershaw Leonard as they trust our confidentiality and professionalism. Similarly, more than 75% of the clients we work with come back for more when they have a new position to fill.

What we do:

Kershaw Leonard Group places exceptional talent on a Global scale. Our winning strategy is to partner very closely with a small number of clients so we can really understand their objectives, needs and aspirations in a way that allows us to intuitively know the kind of cultural fit they are looking for when the time comes for them to recruit new talent. Then once that talent is on board and part of the client’s team, to assist wherever is needed to improve performance and leadership skills

Why Us:

The Kershaw Leonard Group is more than just a recruitment agency. In addition to KL Recruitment, KL Consulting offers a vast spectrum of skills from our experienced behavioural psychologist and consultants with almost two decades of HR Director level experience in the region.