Compliance Officer - 6 Month extendable contract
Salary Negotiable
Location Dubai
FULL_TIMEConsultant Jeremy Camilleri
JobRef IVSRBM-B34AA713
Date posted 25 May 2023
dubai banking-financial-services/compliance 2023-05-25 2023-07-24 banking Dubai Dubai AE Robert Walters https://www.robertwalters.ae https://www.robertwalters.ae/content/dam/robert-walters/global/images/logos/web-logos/square-logo.png trueCompliance Officer - 6 month Extendable Contract - Global Private Bank
• Ensuring compliance with legislation applicable in the relevant jurisdiction. Monitoring for legislative and regulatory changes that may impact the activities of the Firm;
• Assist compliance function in ensuring the organization is compliant with relevant rules and regulations and providing efficient support to the management and staff and ensure prompt communication with superior and/ or management
• Ensure that procedures for new account opening are strictly adhered to and ascertain that the KYC and Client Agreement forms are properly completed. Ensure that, prior to opening any client’s account necessary KYC information and supporting documents on the client have been obtained and prepare client assessment.
• Ensure compliance with the account opening process and act as Liaison between RM’s and the relevant booking centers to effectively support the business within the compliance framework
• Reviewing all Client acceptances, KYC, due diligence requirements, and assessment of Client risk as well as monitoring financial transactions for existing clients to identify suspicious activities
• Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high-risk accounts • Help in identifying potential weaknesses in processes and suggest solutions.
• Assisting in updating the Compliance Manual in accordance with any changes to legislation or rule books
• Assisting in maintaining the organization's anti-money laundering policies, procedures, systems, and controls in line with anti-money laundering legislation;
• Assist in taking the appropriate action pursuant following the receipt of an internal Suspicious Transaction Report from employees, including investigation and assessment of reporting requirements in the absence of the MLRO and deputy MLRO; • Assisting in preparing and maintaining an appropriate anti-money laundering training program, on at least an annual basis and adequate awareness arrangements applicable to the organization's business
• Maintaining and updating the Anti-Money Laundering Manual. Special employment conditions/ professional demands • Integrity and ethical standards – Abiding at all times by the organization's Code of Conduct, the firm’s AML and Compliance manual, and other directives and processes.
• Adherence to the Compliance and Anti-Money Laundering/ STR obligations. Ensure that activities are conducted within the regulatory requirements.
• Investigation, clarification, as well as troubleshooting. Handling complaints and service issues as per standards. Be proactive in improving processes, problem-solving skills, take responsibility, and be a team player. Additional Requirements
• Ability to work longer hours depending on the nature and scope of work.
• Special background/degree: e.g., Legal education, financial education, experience in advisory/product offering.
Get in touch

Similar jobs
-
Salary: NegotiableLocation: DubaiDate posted: 25 May 2023Director Level Compliance Role Location: Dubai, DIFC Employment: Full-time, Permanent Company: Prominent global financial institution Reporting Line: Global Head of Risk Intelligence Unit (RIU) Start Date: Immediate
-
Salary: NegotiableLocation: DubaiDate posted: 19 May 2023Our client is a local bank searching for a Senior Manager FCC, who will specialise in FinTech & Virtual Assets Compliance from a Fin. Crime perspective The role will also act as the DMLRO, stepping in as MLRO whenever needed
-
Salary: NegotiableLocation: DubaiDate posted: 27 April 2023Our client, an international Bank in the DIFC is searching for a KYC Associate focused on Wholesale Banking, namely Financial Institutions.
-
Salary: NegotiableLocation: DubaiDate posted: 19 April 2023Our client, an international Corporate & Wholesale Bank in the DIFC, is searching for a Senior Manager in Risk & Credit to join the team and help create the risk framework from scratch. Working with local senior management and the risk function in the head office, the main focus of this position will be to manage business risk and ensure the bank is compliant with local regulatory requirements
-
Salary: NegotiableLocation: DubaiDate posted: 19 April 2023Our client, a leading international Private Bank, is searching for an Assistant RM to join the team. The role will support some senior Directors in their day to day client management and be an integral part of a smooth operating setup