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.
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