Compliance & AML Manager

Role overview

Compliance responsibilities

• Monitor CMA regulations, rules, circulars, license conditions, regulatory requirements, and internal policies and procedures.
• Maintain the regulatory obligations register and assess the effects of new or amended requirements.
• Manage the annual risk-based Compliance Monitoring Plan; conduct monitoring, control testing, and thematic reviews and track corrective actions.
• Review new products, services, client and investment journeys, systems, and material changes before implementation.
• Review client agreements, disclosures, policies, procedures, marketing materials, and other client-facing communications.
• Monitor outsourcing and third-party arrangements and requirements for client protection, conduct, suitability, conflicts, disclosures, and complaints.
• Coordinate CMA reports, filings, responses, notifications, inspections, reviews, information requests, and follow-up actions.
• Maintain records and evidence of reviews, regulatory communications, and corrective actions.

AML/CTF responsibilities

• Maintain AML/CTF and targeted financial sanctions frameworks and oversee KYC, customer due diligence, enhanced due diligence, customer risk classification, and ongoing due diligence.
• Oversee AML/CTF controls for individual and legal-person clients, as relevant to the business.
• Monitor sanctions, targeted financial sanctions, proliferation-financing controls, and politically exposed person screening.
• Oversee transaction monitoring, alerts, investigations, unusual activity escalations, and case management.
• Review potentially suspicious activity and document assessments and recommendations for escalation to the MLRO.
• Support MLRO regulatory reporting and communications with competent authorities.
• Conduct or oversee quality assurance of KYC, customer risk classification, screening, transaction monitoring, and other AML/CTF controls.
• Support periodic AML/CTF risk assessments and monitor documented risks, controls, and remediation.
• Monitor financial crime regulatory developments and coordinate with relevant business and support functions.

Management and reporting

• Prepare periodic Compliance and AML/CTF reports for senior management, the Board, and relevant committees.
• Provide compliance and AML/CTF advice to business and support functions on proposed activities, products, services, and operational matters.
• Maintain complete, accurate, retrievable records and support updates to policies, procedures, monitoring tools, registers, and internal standards.

Qualifications and experience

• Bachelor’s degree in Law, Finance, Accounting, Business Administration, or a related field.
• More than 5 years of Compliance and/or AML/CTF experience in a CMA-licensed entity, bank, or other regulated financial institution.
• Fluency in written and spoken Arabic and English.

About Malaa