Description:
We are now hiring a Compliance Officer for our esteemed client operating in the Financial Services industry in Dubai. Any applicants that are willing to relocate would also be considered.
Duties and Responsibilities
- Ensuring company policies and procedures comply with legal requirements.
- Upholding relevant laws in accordance with regulatory requirements.
- Liasing with regulators to ensure adherence to applicable laws and regulations.
- Achieving departmental productivity and quality objectives.
- Reporting on areas needing improvement, highlighting concerns, and identifying opportunities.
- Acting with due diligence and care to safeguard the company’s interests and provide excellent customer service.
- Establish, coordinate, and maintain relationships with CFC’s main companies and regulatory bodies.
- Investigate issues by gathering and organising all pertinent information, identifying root causes, and developing effective solutions.
- Ensure security, integrity, and confidentiality of client information and data at all times.
- Collaborate with other departments to address and resolve compliance matters.
- Serve as an independent review and evaluation entity to ensure that compliance issues and concerns within the organization are properly assessed, investigated, and resolved.
- Identify potential compliance vulnerabilities and risks, develop and implement corrective action plans to resolve problematic issues, and provide general guidance on preventing or managing similar situations in the future.
- Regularly report to senior management, as directed or requested, to keep them informed about the operations and progress of compliance efforts.
- Ensure proper reporting of violations, potential violations, money laundering, or financial crimes to management and authorized regulatory authorities as appropriate and/or required.
- Collaborate with the Human Resources Department and others as necessary to develop an effective compliance training program, including appropriate introductory training for new employees and ongoing training for all employees and managers.
- Continuously monitor the performance of the compliance program and related activities, taking necessary actions to enhance effectiveness.
- Verify original documents and collect proper KYC details from clients when receiving account opening documents and processing new account applications.
- Conduct thorough checks on paperwork to prevent duplicate accounts, rejecting account applications if discrepancies are found or notified by the principals, and report these issues to the Chairman and Head of the Compliance Department.
Qualifications and Requirements
- Bachelor’s degree in finance, Law or Business / Economics related
- Minimum 3 years of work experience in a similar industry is required.