Compliance Officer

Summary

Primary Duties And Responsibilities

• Attending board meetings, advising the Board and senior management in risk management, and assisting them in assessment of risks
• Develop and implement internal risk policies and frameworks for various business units to ensure consistent risk management practices
• Collaborate with the compliance function in regulatory/compliance risk management including building second level controls (“bottom-up” controls) and creating risk awareness; and
• Responsible for the operational risk management function within the Firm,
• Identify and evaluate risks related to the license, including market, credit, liquidity, operational, compliance, and reputational risks. Overseeing risks on margin trading, margin calls, monitoring of limits on trades.
• Participation in investment committees in all proposals.
• Conduct Stress Testing and Scenario Analysis to evaluate the firm’s resilience, continuously monitor the risk exposure and ensure that it stays within the established risk appetite and limits.
• Manage and investigate incidents related to risk management failures or breaches. Implement corrective actions to prevent recurrence and minimize impact.
• Review of quarterly reports of the MLRO and review of the adequacy of AML and compliance policies and procedures.
• Ensures client business is conducted in compliance with relevant laws, rules and regulations; Identifies and analyses business risks.
• Prepares, reviews and maintains Compliance and Risk Management policies and regulatory procedures up-to-date.
• Act as the main point of contact for Fund clients, identify and report any non-compliance or suspicious activity, in accordance with anti-money laundering legislation and regulations in a timely manner.
• Perform level of controls on compliance matters, such as transaction monitoring, client acceptance files, onboarding of Fund investors.
• Preparation for and participation in organization internal committees.
• Promotes the Compliance Department throughout the region, including ownership of compliance obligations, establishing and maintaining a compliance framework, evaluating compliance requirements, providing compliance training.
• Plays an active role in the maintenance and continuous improvement of the compliance governance framework.
• Prepares reports for the Regulatory Authorities, the Board of Directors and the Management team.
• Remains updated on developments and changes concerning relevant regulatory and money laundering laws and regulations
• Ensures adequate training of employees in relation to Compliance issues, including KYC and AML matters.
• Maintain a risk matrix for the organisation.
• Provision of support, advice and expertise to operational teams and management team in compliance matters.
• Perform name screening and analysis of alerts on possible compliance situations and provide recommendations accordingly.

Time Recording

• Accurately record chargeable time and value of service using Maconomy, ensure effective monitoring of transactions, handle pricing, invoicing and collection of outstanding fees for the portfolio of clients.
• Monitor own productivity and chargeability on weekly basis and review productivity and performance against targets. to ensure that individual financial targets and client communication KPIs are met.
• Follow a disciplined approach to submitting timesheets for client work and meet the weekly and monthly time/ chargeability targets

Other Duties

• Undertake the role of director, trustee, nominee, manager, partner, secretary, authorized signatory or any related position in internal entities or client entities of Amicorp Group, where necessary and required by the Management.
• Undertake such other duties, related to the position, as may from time to time be agreed with Management.

Candidate Profile

• University Degree from a recognized University in Law, Finance, Compliance or Risk Management and/or Masters in Business Administration or a related field.
• **At least 10 years of experience in working with/within an international financial services or investment fund company, of which at least 3 should be on a Compliance role.**
• Require DFSA experience.
• Excellent understanding of the relevant rules and regulations for compliance theme areas, including AML/KYC laws, FATCA and main financial instructions.
• Ability to handle sensitive situations in a confidential and professional manner and to influence at all levels.
• Strong commercial mindset, takes initiative, positive and proactive, dedicated, focused and revenue and target driven. Excellent organizational, interpersonal and communication skills.
• Proven leadership and team player skills, with ambition to excel in the role.
• Exceptional client facing skills. Well-developed spoken and written communication skills and the ability to tailor style to relevant audiences and successfully liaise with people at different levels. Excellent English language fluency; additional languages preferred.
• Strong analytical and problem-solving skills, solution driven, highly organized and detail-orientated with good decision making and time management skills. Independent, hands-on and takes accountability to deliver solutions and results.
• Ability to adapt and work in a smaller, dynamic local team environment with tight deadlines; along with being part of a bigger matrix organization.