VP Compliance Specialist

An excellent opportunity is available with a leading international banking institution within the Dubai International Financial Centre(DIFC) for a VP Compliance Specialist to support in the establishing and implementing the Anti-Money Laundering (AML) framework and function in the DIFC Branch in line with the guidelines.

Reporting to the Head of Compliance, you will assist in drafting and implementing policies and procedures and provide AML advice to front office to comply with Group policies and procedures and Dubai Financial Services Authority (DFSA) AML regulatory requirements.

Key Responsibilities:

• Identify the AML policies and procedures necessary to support the business. Support in preparation and refresh of AML business risk assessment.
• Advise relationship managers on AML/ Compliance requirements and establishment of procedures in line with AML framework.
• Review / approve new client on-boarding documentation and periodic reviews to ensure compliance with DFSA AML regulations and requirements.
• Perform risk assessment and make decisions with regards to unblocking of accounts and assist in conducting investigations and filing suspicious transaction reports (STRs) as appropriate.
• Provide compliance and AML training and ensure compliance awareness of the staff.
• Review regular reports as required by the head office / regulators.
• Support in review of AML assessments of the branch and support implementation of audit recommendations.
• Manage tasks designated to FCC team on an ad hoc basis.
• Support the regulatory compliance function, as necessary.
• Support in regulatory engagements and audits.

The VP Head of Compliance will possess excellent experience of operating within a compliance role within a financial services institution within DIFC ideally within an authorised role. You will have knowledge of working with private banking clients from a compliance perspective, be experienced in communicating with the regulator and looking at and managing client accounts.

This is an excellent opportunity in Dubai with an established international financial institution. Please apply now or for further information contact Kayte Short at Robert Walters at kayte.short@robertwalters.com