Compliance Officer / MLRO / Risk Officer

Job description / Role

The Compliance Officer, MLRO, Risk Officer must be resident in the UAE and has responsibility for compliance and risk matters in relation to the Firm’s Financial Services. The Firm holds Category 4 [operating a crowdfunding platform] license from the DFSA.

The MLRO must be resident in the UAE and has responsibility for the implementation of the Firm’s anti money laundering policies, procedures, systems and controls and day to day oversight of its compliance with the Rules in AML and any relevant anti money laundering legislation applicable in the DIFC.

The Compliance Officer/MLRO/ Risk Officer must comply at all times with the DFSA’s Principles for Authorised Individuals.

The responsibilities include, but are not limited to, the following:

- Establish and maintain compliance arrangements, including processes and procedures that ensure and evidence, as far as reasonably practicable, that the Firm complies with all legislation applicable in the DIFC.
- Establish and maintain monitoring and reporting processes and procedures to ensure that any compliance breaches are readily identified, reported and promptly acted upon.
- Ensure that the monitoring and reporting processes and procedures are documented and that records of breaches of any of legislation applicable in the DIFC are maintained.
- Ensure that the Firm’s employees receive compliance related training as appropriate.
- Ensure completion of at least 15 hours of structured continuing professional development (‘CPD’) hours per year relevant to [his/her] role (including any anticipated changes in the role), professional skill and knowledge and ensure that appropriate records of such CPD activities are maintained.
- Ensure the implementation and oversight of and responsibility for the following matters:

• The day-to-day operations for compliance by the Firm with its AML policies, procedures, systems and controls;
• Acting as the point of contact to receive notifications from the Firm’s Employees under DFSA AML rule 13.2.2;
• taking appropriate action under DFSA AML rule 13.3.1 following the receipt of a notification from an Employee;
• Making Suspicious Activity Reports in accordance with Federal AML legislation;
• Acting as the point of contact within the Relevant Person for competent U.A.E. authorities and the DFSA regarding money laundering issues;
• Responding promptly to any request for information made by competent U.A.E. authorities or the DFSA;
• Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions described in DFSA AML chapter 10; and establishing and maintaining an appropriate money laundering training programme and adequate awareness arrangements under DFSA AML chapter 12.
• Establish and maintain risk management systems and controls to enable the Firm to identify, assess, mitigate, control and monitor its risks;
• Develop, implement and maintain policies and procedures to manage the risks to which the Firm and, where applicable, its customers or users are exposed;
• Ensure that the Firm is aware of the implications of any Group-wide risk policy and systems and controls regime;
• Update the Firm’s risk register on a periodic basis;
• Ensure that the Firm’s Business Continuity and Disaster Recovery Plan is in place and is kept up-to-date and tested at appropriate intervals.

Requirements

- The candidate is required to have extensive experience in independently carrying out the above functions for the firm.
- The candidate will be expected to carry out the Role of Compliance Officer, MLRO, Risk Officer for the firm.
- The candidate should have past experience in reporting and licensed activities under the DFSA regime.

About the Company

FracAssets (backed up by Analah Capital) is a Dubai Financial Services Authority (DFSA) regulated, FinTech and RealTech Crowdfunding Platform that enables investors to own Fractions of premium Real Estate, Start-ups & Unlisted Investments.

Analah is a FinTech and RealTech Platform for Equity, Real Estate, Insurance & Taxation.