Compliance Executive with 5+ Years of UAE - Dubai, United Arab Emirates - Mesrkanloo International Exchange

Mesrkanloo International Exchange

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Assist with updating procedures relating to the Department's process of utilizing the AML system

Monitoring regulatory changes associated with Financial Institutions and TFS, ensuring communication of new requirements and assisting the business and infrastructure areas in revising policy and process to meet new regulatory requirements, as appropriate
Reporting to compliance officer on observed noncompliance of relevant AML procedures for appropriate correcting actions
Assist with the Firm's compliance monitoring program including performing day to day administrative tasks such as data gathering, file maintenance, internal and external correspondence and other compliance program administrative duties as may be necessary
Maintain oversight on the customer onboarding or periodic review of the customers
Report promptly to the compliance officer any breach of polices and procedures and any suspicious transaction.
Operate the IEMS integrated enquiry management system to submit for suspicious transaction report
Assist in the Firm's regulatory filing obligations and in preparation for and response to regulatory inquiries from regulatory bodies
Recommend modifications, weed anomalies, present findings and revised thresholds to AML Advisory with trend analysis.

Gathers information and documentation for day-to-day compliance tasks, including client onboarding processes

Assists the team in managing compliance relationships with internal and external stakeholders, and generally promoting a positive compliance culture
Provide guidance to employees on compliance issues, including employee training as appropriate
Assist with annual compliance review, regulatory audits, investor due diligence reviews and other adhoc projects on an as needed basis
Reviewing, assessing and advising on potential AML issues
Highlight and escalate suspicious trends to AML Advisory
Be responsible for business delivery of AML Check Monitoring
Advise process redesign to increase AML monitoring effectiveness
Assists with key department work streams with appropriate guidance
Attend and take minutes of the Company's Compliance Committee meetings
Generate and maintain various required records
Assist with assembling compliance reports for CCO to review
Provide general administrative support to CCO and ACO
Assist CCO in providing compliance guidance and training to employees
Assist with drafting memos and conducting audits. Assess internal compliance risks and potential conflicts of interest
Maintain compliance calendar and address current regulatory changes as applicable