Compliance Manager - Dubai, United Arab Emirates - Caliberly

    Caliberly
    Caliberly Dubai, United Arab Emirates

    2 weeks ago

    Caliberly background
    Full time
    Description

    EXPERIENCE:

    • 6-8 years of working with any reputed exchange houses in UAE.

    JOB RESPONSIBILITIES:

    • Design an appropriate AML/CFT compliance program for the Management to remain
    • compliant with applicable AML/CFT Laws, Regulations, Notices, the Standards and
    • International best practice at all times.
    • Establish and maintain appropriate AML/CFT policies, procedures, processes and controls.
    • Ensure day-to-day compliance of the business against internal AML/CFT policies and
    • procedures.
    • Act as the key contact point regarding all AML/CFT related matters/ queries from the Central
    • Bank and any other competent authorities.
    • Receive suspicious transaction alerts from employees and analyze them to take appropriate
    • decisions to report all suspicious cases to the FIU.
    • On-going monitoring of transactions to identify high-risk, unusual and suspicious
    • Customers/transactions on regular basis.
    • Submit Suspicious Transaction Reports to the FIU in a timely manner.
    • Cooperate with and provide the FIU with all information it requires for fulfilling their
    • obligations.
    • Develop and execute AML/CFT training programs considering all relevant risks of ML/FT and
    • financing illicit organizations including the ways/means for addressing them.
    • Provide necessary reports to the Board of Directors on all AML/CFT issues, on a monthly &
    • quarterly basis.
    • Conduct regular gap analysis between Companys existing AML/CFT Procedures and
    • current Laws, Regulations, Notices and the Standards of the UAE in order to determine the
    • extent of the level of compliance within the company and propose actions required to
    • address gaps.
    • Prepare Semi-Annual MLRO and Bi-Annual Compliance Reports.
    • Follow up with compliance team for carrying out Online Audit quarterly to ensure
    • that all the financial activities carried out are in line with AML/CFT Rules and Regulations of
    • Central Bank of UAE.
    • Reviewing and approving the different services agreements of local and global agents.
    • Keep track on changes in Legal and Central Bank requirements and updating the same in
    • compliance manual on timely manner.