We are currently seeking a Senior Compliance Manager who will be responsible for managing the Business Compliance function relating to AML, ensuring all companies, business activities and individuals are adhering to licensing, employment regulations and policies by enforcing rules, as well as providing guidance on compliance matters.
Our client based in Dubai, is a leading Government Authority in the UAE.
Key Responsibilities:
- Provide recommendations to the improvements of the Business Compliance departmental policies.
- Manage the implementation of procedures and controls covering all areas of compliance activity to ensure all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
- Ensure compliance with inspection criteria and that all necessary amendments are implemented in accordance with updates to federal, state, and zone regulations.
- Manage the execution of compliance visits according to the established schedule to assess adherence to standards and report any areas of non-compliance.
- Oversee investigations of third-party non-compliance reports and ensure appropriate corrective action.
- Oversee the investigation of regulated activities to ensure full compliance with regulations and the relevant international and local standards.
- Supervise the development of penalty recommendations for violations and non-compliance to ensure the effective enforcement of applicable regulations.
- Investigate incidents in the areas of jurisdiction prior to issuing penalties in accordance with the regulations.
- Oversee compliance with AML regulations and to alert knowledge or suspicion of money laundering activities.
- Responsible to ensure a culture of an efficient AML/CTF compliance.
- Provide recommendations to the improvement of the AML compliance policy and workflow.
- Manage the implementation of procedures and controls covering all areas of AML activity to ensure all relevant procedural / legislative requirements are fulfilled while delivering a quality, cost - effective service.
- Plan and monitor all the AML visits by ensuring adherence to the inspection criteria during the inspection visits.
- Conduct AML visits along with the team when required.
- Oversee and assure that businesses operating within the authority's jurisdiction comply with UAE AML legislation in order to ensure transparency and that the comprehensive Business Compliance Framework is in alignment with the AML, CTF, and ESR obligations.
Knowledge, skills & experience:
- Bachelor's degree in Business Administration, Financial Management, Audit or relevant specialisation.
- A minimum of 6 years of experience in a similar role with at least 3 years of management experience.
- Knowledge of local and Free Zone laws, rules, and regulations in the region.
- Experience in compliance best practices.
- Experience in leading teams/working groups and managing multiple stakeholders.
- Excellent English/Arabic language and communication and excellent interpersonal skills
- If from a government sector, must be from a real estate / municipality / investment / government services visa background.
- If from a private sector, must be from real estate / airline industry / free zone / telecommunication / entertainment & retail.
