Description:
This is a full-time on-site role for a Compliance Officer at ATFX MENA in Dubai. The Compliance Officer will be responsible for overseeing compliance and regulatory compliance activities.
- Provide support to the Business & AML Onboarding Team to ensure that the department provides a quality service in all respects. In this business crucial position, you will be responsible for day-to-day tasks relating to all aspects of the firm’s AML / KYC Client identification and set-up process
- Designing and implementing compliance programs tailored to the organization's industry and regulatory environment.
- Creating and updating compliance policies and procedures to ensure adherence to laws and regulations.
- Identifying potential compliance risks and developing strategies to mitigate them. This includes staying informed about changes in laws and regulations that may impact the organization
- Providing training and education to employees on compliance policies and procedures to promote a culture of compliance throughout the organization.
- Conducting regular audits and reviews to assess compliance with internal policies and external regulations. This may involve investigating potential compliance violations and implementing corrective actions.
- Compiling reports for senior management and regulatory agencies to demonstrate compliance efforts and address any compliance issues that arise.
- Working closely with other departments, such as legal, finance, and risk management, to ensure a comprehensive approach to compliance across the organization.
- Serving as the primary point of contact for regulatory agencies and overseeing responses to inquiries or investigations
- Promoting ethical behavior and integrity throughout the organization, including overseeing whistleblower programs and conducting ethical investigations when necessary.
- Keeping abreast of developments in laws and regulations relevant to the organization's operations and ensuring compliance measures are updated accordingly.
- Undertaking client due diligence checks and determining the nature and level of due diligence required to comply with Anti-Money Laundering Regulations.
- Supporting the Business in ensuring AML risk assessments have been properly completed.
Qualifications
- Solid experience and understanding of the AML requirements for a wide range of client types
- Solid experience in applying a risk-based approach when analyzing the profile of a prospective client and deciding what CDD requirements should be applied.
- Clear understanding of the various financial crime and reputational risk factors to consider when onboarding a new client.
- Experience in compiling and summarizing escalations (PEP sign-off, Adverse Media sign-off, High-Risk client sign-off) for Senior Management review. The successful candidate must be able to demonstrate the ability to carry out research, analysis and summarize the results of their findings in a clear manner.
- Sound understanding of how to establish and record Source of Funds / Source of Wealth.