Compliance Officer & MLRO
Sharjah Compliance / Full Time / On-site
Job Description
Regulatory Compliance & Governance: + Take full responsibility for maintaining regulatory licenses and fulfilling compliance deliverables in the UAE concerning the investment business and 3C license, ensuring full adherence to FSRA and ADGM guidelines
+ Provide compliance advisory support to the business, ensuring adherence to
regulatory requirements, permissible activities, and product development.
+ Conduct comprehensive
compliance risk assessments, monitoring, and testing to evaluate the effectiveness of internal policies, procedures, and guidelines.
+ Report compliance risks and findings
regularly to
executive management and escalate material concerns to the
Board of Directors when necessary.
+ Act as the
primary liaison with the
FSRA on compliance-related matters.
+ Develop, implement, and update
compliance policies, procedures, and frameworks to prevent illegal, unethical, or improper conduct.
+ Oversee the
day-to-day implementation and operation of the compliance framework.
+ Actively apprise local updates with the
group compliance team
Compliance Risk & Controls: + Identify and assess compliance risks associated with the Firm’s
existing and future business activities, including new products, business relationships, and international expansion.
+ Collaborate with
Risk Management, Shariah and Legal teams to direct compliance issues to the appropriate channels for investigation and resolution.
+ Develop
written compliance guidelines for employees and service providers, ensuring clarity on the implementation of laws, regulations, rules, and standards
+ Maintain a centralized
inventory of essential laws and regulations, ensuring accessibility and regulatory compliance for all staff.
+ Establish and supervise compliance checks and internal controls.
+ Address any compliance audit findings and lead remediation activities.
+ Review and provide compliance approval for marketing material that goes out on various platformsFacilitating resolution of client complaints
+ Assist the Risk officer for the quarterly risk committee meetings and ensure updates are provided on GRC tool Archer.
AML & KYC Responsibilities: + Act as the
Money Laundering Reporting Officer (MLRO), overseeing all
KYC/AML obligations in line with
FSRA regulations.
+ Ensure full compliance with
AML/CFT requirements, including transaction monitoring, suspicious activity reporting, and regulatory obligations.
+ Conduct and oversee
customer due diligence (CDD), enhanced due diligence (EDD), and sanctions screening at the onboarding stage and ongoing monitoring.
+ Ensure timely submission of all
regulatory returns, statements, and reports
+ Centralize compliance-related information, including
breaches of regulation, conflicts of interest, and internal violations
+ Develop and enforce a
robust framework for handling regulatory violations and investigations.
+ Promote a
strong compliance culture within the firm through
training and awareness programs.
Governance Responsibilities: + Oversee
regulatory inspections ensuring timely resolution of findings and implementation of necessary corrective actions.
+ Act as the Company Secretary for the firm and ensure effectiveness of the Board. Also, conduct
Board meetings in a timely and efficient manner and ensuring that all significant aspects of business are apprised to the Board.
5-6 years of experience in
Compliance within the
financial services sector in the region.Minimum
2-3 years of experience in
ADGM and FSRA regulatory compliance.+ Candidates with
global compliance experience are preferred but not essential.
+ Strong knowledge of
FSRA regulations, AML/KYC frameworks, and investment business compliance.
+ Ability to
liaise with regulators, manage compliance risks, and implement effective compliance frameworks
+ Strong analytical, communication, and stakeholder management skills.
