Senior Analyst - Compliance

Job description / Role

DGCX, a subsidiary of DMCC, is seeking a Senior Analyst to join its Compliance Department. We are looking for a candidate who will assist the team in managing all the regulatory compliance issues faced by a derivatives exchange and clearing house. The ideal candidate will have at least 4 years of relevant work experience and excellent communication skills in both English and Arabic.

Responsibilities
• Carry out due diligence of potential and existing Member firms.
• Assist in development and implementation of compliance policies and procedures.
• Ensure Members comply with the ongoing obligations including submissions to the Exchange and regulators, take Member calls and provide feedback and training to Member compliance officers on compliance issues.
• Undertake on-going member surveillance measures, identify breaches, and conduct follow-up investigations.
• Manage regulatory licensing applications to obtain necessary approval and communicate with the regulator on an on-going basis.
• Participate in periodic examination of Member firms, compile observations and prepare reports.
• Support the implementation of the AML Policy, including conducting requisite KYC checks during Member on-boarding, on-going surveillance, training of Member compliance teams, and in-house AML training for staff.
• Ensure compliance with the requirements as stipulated under FATCA and Common Reporting Standard.
• Provide support to the Head of Compliance and Director of Compliance on any and all compliance issues.

Requirements

• 4 - 7 years of experience in the Compliance department of an international financial institution.
• Experience in capital markets, futures/options markets, or a commodities market highly desirable.
• Experience in Compliance and AML required.
• Excellent communication skills in Arabic and English required.
• Preference given to candidates with experience in working with financial regulators and reviewing regulation.
• Minimum qualifications shall be a bachelor’s degree in commerce, accounting, management or law.

About the Company

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX.