Compliance Officer - Dubai, United Arab Emirates - Emirates NBD

Emirates NBD

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

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Description

Department Description:

Emirates NBD Asset Management is the dedicated unit of Emirates NBD providing investment services to both internal and external clients It is established in the DIFC and regulated by the DFSA It currently runs over USD 61 bn across a range of products and client types

Job Purpose:

The role is a new one within the Compliance function in order to segregate the AML duties from compliance monitoring and focus solely at carrying out compliance related duties
The role is a new one, within the Compliance function, in order to segregate the AML duties from compliance monitoring and focus solely at carrying out compliance related duties.
The role will assist in:
Completing the onboarding of new clients and performing ongoing Client Due Diligence reviews for the existing clients
Clarifying AML and KYC related queries
Monitoring mandate limits for managed funds and client portfolios.
Monitoring business activities to ensure that they are operating within the firm's policies and procedures.
Reviewing regulatory updates to ensure that ENBD AM policies and procedures are up to date.
Submitting regulatory filings and reports to the regulator, Group Compliance and Board of Directors.
Providing training on AML and Compliance to all staff.
Other day to day compliance activities.

Job Requirements:

Complete the AML and CDD checks on the new clients, perform sanctions, AML and CTF screening, verify the authenticity of client documents and complete the compliance review sheet.
For all the existing clients, check for any expired or documents and complete the periodic review compliance checklists.
For all new discretionary portfolios and changes to the IPS for existing portfolios, the limits in ARM must be created / amended to ensure that they reflect the latest limits mandated by the client.
Monitoring of limits and reporting any breaches to the relevant management team members.
Coordinate with PB Ops to set up and monitor limits for PB portfolios.
Conduct periodic (monthly, quarterly and annual) compliance reviews and report findings to management.
Ensure that compliance and process manuals are up to date with requirements set out by the DFSA and Group Compliance.
Annual declarations and submissions need to be made to the DFSA and DIFC. These need to be prepared and submitted in a timely manner.
Submissions need to be made to the Board of Directors on a quarterly basis. These need to be compiled and submitted in a timely manner.
As per regulatory requirements, all staff are to be provided with AML and Compliance training. Training is usually provided in house and training material needs to be prepared which would be used to deliver the training.
Compliance carries out various other tasks including maintaining the safe custody, reviewing marketing material and presentations, etc. amongst many others tasks. The role would be expected to assist in these as and when requested.

Qualifications

A degree education.
Professional certification compliance.
35 years' experience in a similar role
DFSA or other regulated jurisdiction experience
Good written and oral communication skills
Sound compliance knowledge
Analytical and attention to detail

Primary Location:
United Arab Emirates-Dubai-Dubai - Sheikh Zayed Road, Difc, The Gate Building

Job:
Risk Management

Organization:
Asset Management Compliance

Schedule:
Regular

Shift:
Standard

Job Type:
Full-time

Day Job

Job Posting:
Jan 18, 2023, 12:14:08 AM