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Description
ROLES AND RESPONSIBILITIES
Compliance organization set-up:
Promoting a strong culture of Regulatory Compliance (RC), Financial Crimes Compliance (FCC) and ethics across the organization.
Assist the Group Compliance function in ad-hoc day-to-day activities and requests.
Assist the Sales function in ad-hoc day-to-day activities and requests.
Perform Customer screening exercises from an AML, PEP, Adverse Media and other FCC risks’ perspective for all new and existing customers.
Submit External Regulatory Reports in a timely manner such as reports through the goAML system and requests made by Regulatory Authorities.
Submit Internal Compliance Reports, Management Information (MI) Reports, data points for dashboards in a timely manner.
Obtain, collect and document Customer KYC documents and any other documentation required for reporting, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) or other Compliance related requirements.
Perform Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) as required during customer reviews.
Conduct ongoing Regulatory Compliance (RC) and Financial Crime Compliance (FCC) trainings periodically and when required as per Business and Compliance requirements.
Report any identified breaches or instances of Non-Compliance with Aldar’s Internal Policies or any Compliance related rules, laws and regulations to the Sales team’s Management and Group Compliance.
Identification and reporting of all matters relating non-compliance with Regulatory & Financial Crimes Compliance requirements, Aldar’s Code of Business Conduct (CBC) violations, conflicts of interest and anti-bribery and corruption requirements.
Interact with internal and external stakeholders (including customers) without tipping-off in regards to Compliance related matters.
Ensure timely and organized tracking is conducted for all Compliance related matters and various workstreams within the Sales team.
Draft STRs/SARs and other types of investigative reports sent using the goAML system.
Draft internal STRs/SARs for submission to Group Compliance.
Serving as a line of defense to effectively protect the organization from financial, legal or reputational damage.
Serve as a point of contact with stakeholders and regulatory bodies.
Support in the rollout and development of effective systems and controls to enforce regulatory compliance and anti-money laundering/financial crimes measures within the Sales team.
Collaborate with the Group Compliance function to ensure a robust compliance program and regulatory universe is in place.
Ensure the alignment of compliance, operational and business strategies and develop the risk appetite accordingly.
Establish effective Data Protection controls and ensure confidentiality is embedded within the Sales team.
Establish and maintain record retention practices to evidence compliance adherence and records are easily accessible.
Prevent and effectively mitigate violations of legal, regulatory and internal compliance policies
Drafting of all compliance reports and ensure matters are effectively articulated and include all relevant aspects
Drafting of periodic compliance reporting on compliance and AML to Group Compliance and the Sales team’s Senior Management.
Ensure regular compliance/AML matters are consistently communicated within the Sales team to create awareness and embed a compliance culture.
Qualifications
YoE / QUALIFICATIONS / SKILLS
RELATED YEAR OF EXPERIENCE
Minimum of 7 to 8 years experience in a similar role and/or as licensed Compliance Officer/ Compliance Counsel.
Experience working in a top tier international organization and/or various industries in the UK/USA/UAE.
FIELD OF EXPERIENCE
Experience from consulting firms, Real Estate, Public Joint Stock Companies, Banks, Investment Companies.
TECHNICAL AND INTERPERSONAL SKILLS
Bilingual English and Arabic (verbal/ written)
Strong ethics, compliance and risk management
Strong interpersonal skills with attention to detail and effective decision-making abilities
Effective communicator across all stakeholder groups
Analytical and critical thinking, with effective written ability
QUALIFICATION
Bachelors Degree in Business/Accounting or Law Degree from an internationally recognized higher education institution
A legal background will be beneficial
Compliance/ AML internationally recognized certification