Compliance Analyst

About This Role

Roles & Key Responsibilities:
1. Keeping up to date with all relevant AML laws and regulations, including but not limited to UAE, DFSA, ADGM, FSRA and SCA.
2. Establishing and maintaining the firm’s compliance policies, procedures, systems and controls for AML and other compliances.
3. Arranging and implementing the AML controls, work plan, guiding and inspecting AML operations, conducting AML compliance review
4. Acting as the point of contact within the firm for competent U.A.E. authorities, ADGM and DFSA regarding money laundering issues; responding promptly to any request for information made by competent U.A.E. authorities or ADGM or DFSA.
5. Ensure that all requisite AML-related risk assessments and due diligence checks conducted by the Firm
6. Acting as the point of contact to receive internal Suspicious Transaction Reports from the Firm’s employees.
7. Taking appropriate action following the receipt of an internal Suspicious Transaction Report from the employees and reporting to the Financial Intelligence Unit (FIU) of the UAE and / or ADGM or DFSA or to the appropriate authority.
8. Establishing and maintaining an appropriate anti money laundering training program and adequate awareness arrangements. Conduct AML/CFT trainings on an annual basis or as and when required.
9. Maintaining firm records and registers as required under applicable AML rules and regulations, including, without limitation, registers in relation to breaches, complaints, suspicious transactions, training, etc.
10. Implementing and updating the firm’s Compliance Monitoring Program, AML Business Risk Assessment as required.
11. Preparing and filing regulatory reporting by the firm
12. Handling other ad-hoc compliance-related work that may be assigned from time to time

Requirements:

Ideal requirements:
1. Relevant experience in a similar role incorporating the above responsibilities. Previous experience as MLRO or DMLRO (preferred).
2. Certifications such as CAMS or similar.
3. Extensive working knowledge of regulatory and legal requirements in the UAE, fundamentally the UAE Federal Laws on AML & CTF and DFSA & ADGM AML Module.

Job Type: Full-time

Pay: AED5,000.00 - AED8,000.00 per month

Work Location: In person