Ref: RP056-35

Job description / Role

Employment: Full Time

Duties:
- Oversee the establishment business in the DIFC from a Compliance perspective.
- Assist the Board in creating a Compliance Culture.
- Keeping the Board of Directors and senior management up to date on changes in relevant regulations and the implications thereof
- Assisting and advising the Board of Directors and senior management in identifying and mitigating the compliance risks facing the Firm and in designing and implementing policies, procedures, systems and controls that will enable the Firm to comply with the legislation in the DIFC applicable to its financial services
- Implement relevant local Compliance policies and procedures to mitigate the risk of DFSA rule breaches.
- Undertake monitoring and surveillance through a risk based monitoring program. Monitor and, as necessary, coordinate the Compliance activities of other departments to remain abreast of the status of compliance and to provide assurance that Compliance breaches are readily identified, reported and acted on, and to identify trends.
- Provision of training to relevant employees on what must or must not be done to ensure that they and the Firm comply with applicable laws and regulations.
- Foster good relationships with the DFSA and any other relevant regulator and/or stakeholder in the MENA region.
- Liaising with DFSA and checking that all regulatory returns ad hoc notifications have been submitted on a timely basis
- Provide, independently of local senior management, a reporting mechanism for all local employees to ensure that Compliance related issues/concerns are being appropriately evaluated, investigated and resolved.
- Collaborate with other departments (e.g. Risk Management, Internal Audit, Human Resources etc.) to direct Compliance related issues to the appropriate existing channels for investigation and resolution.
- Respond to alleged violations of rules, regulations, policies, procedures, and standards of conduct by evaluating or recommending the initiation of investigative procedures. Develop and oversee a system for uniform handling of such violations.
- Responsibility for drafting an Annual Compliance Plan that should address the key objectives to mitigating compliance risk. Identify potential areas of Compliance vulnerability and risk; develop/implement corrective action plans for resolution or problematic issues, and providing general guidance on how to avoid or deal with similar situations in the future.
- Provide reports on a regular basis and, as directed or requested, keep the Board, Committees and senior management informed of the operation and progress of Compliance efforts.
- Establishing and maintaining the Firm’s files and registers in relation to: controllers; senior management apportionment; authorized individuals; breaches; complaints; conflicts identification and management, marketing materials; clients, regulatory returns and notifications to the DFSA.
- Responsibility for compliance matters in relation to the firms services as per DFSA GEN rules 7.4.6, 7.4.7 and 7.4.8.

Salary:
AED 19,000 to 25,000 per month inclusive of fixed allowances.

Requirements

- Observe high standards of integrity and fair dealing
- Act with due skill, care and diligence
- Observe proper standards of conduct in financial markets; and
- Deal with the DFSA in an open and cooperative manner and disclose appropriately any information of which the DFSA would reasonably be expected to be notified.
- Is organized so that it can be managed and controlled effectively; and
- Complies with any legislation applicable in the DIFC.
- Salary AEd19k to AED22k / possible AED25k
- Law background
- Compliance for min 3 years
- DIFC CO preference
- Private equity/investment banking
- Subject to DFSA interview

About the Company

At Candidate we pride ourselves in not only being a team of recruiters but possessing extensive industry experience across our key verticals, which allows us to search and select the right calibre of resource for our clients. With our offices in the UK and Dubai, UAE we have the exposure to the right network which helps us focus on building a portfolio of clients and candidates across our key sectors:

Financial Services FinTech Legal Cyber Healthcare Digital

We like to see ourselves as more than a typical recruitment consultancy. For instance we offer the core services of placing the right candidate for our clients and retained recruitment, in addition to consultancy to advise and build out a client’s needs. Supplying contract resource is an area we are building out to provide further options to our client base. Lastly training is a key focus, as a result of our partnership with Forte Markets we have access to a depth of content and expertise, across our key verticals, rarely seen with a recruiter.

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Compliance Officer salaries in UAE

Average monthly compensation
AED 9,000

Breakdown available for industries, cities and years of experience