Compliance and Inspection manager

Job Description

The following roles are in relation to AML/CFT, Economic substance, GoAML, UBO resolutions, and any other compliance & inspection regulation in the United Arab Emirates.ÿCompliance

• úÿÿÿÿÿÿÿÿÿOverseeing the implementation of the Registrar?s AML/CTF policies, procedures, system, and controls
• úÿÿÿÿÿÿÿÿÿEnsuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations
• úÿÿÿÿÿÿÿÿÿAssess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing money laundering and terrorism financing
• úÿÿÿÿÿÿÿÿÿBeing the Registrar?s key person in implementing the AML/CTF strategies
• úÿÿÿÿÿÿÿÿÿSupporting and coordinating senior management focuses on managing the Registrar?s ML, TF, and sanctions risks
• úÿÿÿÿÿÿÿÿÿCollaborate with the Law Enforcement Agencies (LEA), Financial Intelligence Unit (FIU), or other State Authorities, provide them with all requested data, and allow their authorized employees to view the necessary records and documents that will allow them to perform their duties
• úÿÿÿÿÿÿÿÿÿDetect activity relating to money laundering crime and related predicate offenses and the financing of terrorism or illegal organizations
• úÿÿÿÿÿÿÿÿÿReview, scrutinize and study records, receive data concerning Suspicious Activity, and take decisions to either notify the FIU or maintain the company registration with the reasons for maintaining while maintaining complete confidentiality
• úÿÿÿÿÿÿÿÿÿReview and approve or decline company registration, renewals, or amendments
• úÿÿÿÿÿÿÿÿÿPrepare, execute, and document ongoing training and development programmes and plans for employees on Money Laundering and the Financing of Terrorism and Financing of Illegal Organizations and the means to combat them
• úÿÿÿÿÿÿÿÿÿEnsure all staff employed in the AML/CTF environment (including the Head of Compliance / Compliance Manager) go through the fit and proper test
• úÿÿÿÿÿÿÿÿÿEvaluates team members? knowledge, educate and train them on related laws, procedures and federal regulations.
• úÿÿÿÿÿÿÿÿÿCoordinating gap assessments with impacted departments. Follow-up to ensure any gap is subject to a clear action plan and is completed within required timelines.
• úÿÿÿÿÿÿÿÿÿCarry out periodic risk assessments to identify current and new risk type, level, significance and scope and take the necessary mitigation action.
• úÿÿÿÿÿÿÿÿÿCarry out compliance training programs to relevant and impacted departments, individuals and third parties impacted and subject to compliance regulations.

• úÿÿÿÿÿÿÿÿÿThe principal monitoring objective is to prevent and deter conduct that may cause reputational damage to Registrar and the UAE.
• úÿÿÿÿÿÿÿÿÿOverseeing the implementation of the Registrar?s inspection policies, procedures, system, and controls
• úÿÿÿÿÿÿÿÿÿEnsuring that appropriate policies, procedures, systems, and controls are developed, established, and maintained across the Registrar to monitor day-to-day operations
• úÿÿÿÿÿÿÿÿÿAssess and regularly review the effectiveness of the policies, procedures, systems, and controls in preventing any suspicious activities
• úÿÿÿÿÿÿÿÿÿBeing the Registrar?s key person in implementing the inspection strategies and key performance indicators
• úÿÿÿÿÿÿÿÿÿReview and approve the inspection plan and ensure inspections are being conducted as per scheduled plans
• úÿÿÿÿÿÿÿÿÿReview and scrutinize inspection results/reports,
• úÿÿÿÿÿÿÿÿÿEnsure a proper remediation plan is communicated to the client wherever applicable.
• úÿÿÿÿÿÿÿÿÿPrepare, execute, and document ongoing training and development programs and plans for employees on inspection
• úÿÿÿÿÿÿÿÿÿEnsure all staff employed in the inspection environment (including the Head of Inspection / Inspection Manager) go through the fit and proper test
• úÿÿÿÿÿÿÿÿÿAct decisively and ensure procedural fairness, proportionality, and transparency when assessing and taking regulatory actions
• úÿÿÿÿÿÿÿÿÿReview and make detailed recommendations for proportionate enforcement action where appropriate
• úÿÿÿÿÿÿÿÿÿSupporting the conduct of civil and administrative enforcement proceedings

Keyskills :