Compliance Assistant

Job description / Role

• Conduct thorough reviews of customer accounts and transactions to ensure compliance with regulatory requirements and internal policies.
• Perform customer due diligence (CDD) and enhanced due diligence (EDD) checks for new and existing customers, including the identification and verification of customer information.
• Monitor and analyze transactional data for signs of potentially suspicious activity or money laundering, and escalate any concerns to the Compliance Officer.
• Assist in the development and implementation of compliance policies, procedures, and controls to mitigate compliance risks and ensure adherence to regulatory requirements.
• Maintain accurate and up-to-date records of compliance-related documentation, including customer files, transaction logs, and regulatory filings.
• Prepare regulatory reports and submissions as required by relevant authorities, ensuring accuracy and timeliness of filings.
• Respond to inquiries and requests for information from internal stakeholders, external auditors, and regulatory agencies in a professional and timely manner.
• Stay informed about changes in regulatory requirements, industry trends, and best practices related to compliance in the financial services sector.
• Participate in training sessions and workshops to enhance knowledge and skills in compliance-related topics, and assist in the training of new team members as needed.
• Collaborate with other functional teams within the organization to address compliance-related issues and drive a culture of compliance throughout the company.

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting, or related field.
• Minimum of 2 years of experience in compliance within the financial services industry, preferably in a foreign exchange currency and remittance sending company.
• Strong understanding of anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, as well as other relevant regulatory frameworks.
• Excellent analytical skills and attention to detail, with the ability to interpret complex regulations and identify compliance risks.

About the Company

Hamdan Trading Group is part of one of the largest corporate conglomerates from the Sultanate of Oman the Hamdan Group. The group commenced its business operations in the year 1975 and has mirrored the growth of the Sultanate of Oman and contributed significantly to the Omani economy.

Today the group has more than fourteen well organized and diversified business units each establishing a benchmark in its own field. Hamdan Trading Group consists of three core divisions of business of the Hamdan Group Viz; Transport, Heavy Construction and Dunlop Agency.

The Transport Division is one of the largest and oldest in the Sultanate having the most diverse fleet. The most challenging and complex logistics requirements have been fulfilled by the division and has been awarded ISO certification.

The construction Division is engaged in large scale Civil and Private construction activities across the Sultanate employing over 300 full time workers.The Dunlop agency of Hamdan Trading Group is the sole distributor of Dunlop Tires across the Sultanate of Oman and it has currently 12 branches strategically located for the convenience of the customer and many more branches are in the pipe-line to be opened soon.