Compliance Officer, Wealth
| Company Name: | Emirates Islamic |
| Employment Type: | Full Time |
| Location: | Dubai |
| Experience: | 2-5 years |
| Degree: | Bachelor |
| Gender: | Any |
| Age: | Any |
| Nationality: | Any |
| Salary: | Unspecified |
| No. Of Vacancies: | 1 |
| Job Description: |
| Department Description: The Compliance unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators The Organisation Unit achieves this by Setting out the relevant regulatory requirements and expectations that the Bank must comply which are then mapped to the Banks respective policies procedures and processes Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures This includes the provision of training on key policies and procedures such as Sanctions AML and CTF Undertaking periodic risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied with and escalates to management significant noncompliance Brief Description: Managing key Compliance systems such as Customer Screening Transaction Screening and AML Monitoring Managing the case investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities Responding to all regulatory requests to review and provide relevant informationeg Customer transaction policy procedure and training compliance monitoring and process details or cooperation in a timely manner Responding to all requests received from LEA and provide the relevant information within timelines Detailed Description: Compliance Officer will support the Compliance Manager in the timely and daytoday compliance activities ongoing review review of new products funds and Collate key required information for reporting purposes and ensure timely and accurate submission Prompt completion of projects from Unit Head Manager and provide sufficiently accurate updates within the given deadlines and time frames Keeping track of regulatory developments and assessing the impact of such changes to the Bank Support the manager in ensuring that any products approved internally then obtain any relevant necessary regulatory approvalsSCA or UAE CB This may include ad hoc requests as well as ongoingregular requests Maintenance of necessary files such as records of regulatory approvals of products Maintaining and reviewing current processes and procedures Ensure selfdevelopment measures are in place to keep abreast of the regulatory developments and to stay up to date on current requirements Producing monthly reporting information of Investment Compliance activity during the relevant period and escalating the relevant matters to management Support the manager in conducting scheduled reviews of WM investment activity in line with Regulatory requirements and internal Policies and Procedures Job Requirements: Support the manager in conducting reviews of WM investment activity in line with Regulatory requirements and internal Policies and Procedures Ensuring issues are followed through to acceptable conclusion Review MIs and analyze behavior transaction patterns and provide reports to Unit Management Responsible for following up with Business to ensure that the necessary information is obtained collated verified and reconciled for the completion and submission of the relevant departmental reports query resolution Robust maintenance update and reporting of departmental MI including such as BAC GRC BRC Wealth Management Committee Treasury Committee etc Prompt completion of projects from Unit Head Manager and provide sufficiently accurate updates within the given deadlines and timeframes This may include ad hoc requests as well as ongoingregular requests Provide support towards the development of the unit by knowledge sharing Facilitation of training to new staff to support the Business effectively Ensure selfdevelopment measures are in place to keep abreast of the regulatory developments and to stay up to date on current requirements Provide support to Business on requirements relating to account opening reviews and related matters Act as a backup staff to ensure smooth workflow and continuity within the department Additional Details: Preparing reports for relevant Senior Management to consider based on findings identified with regard to monitoring activity detailed above Ensuring issues are followed through to acceptable conclusion for remediation regularization Support the Manager and Head of Compliance to review the Compliance Monitoring Framework and identifying further monitoring needs and improvements existing monitoring plan process Support the manager in reviewing new products identified by CIO office from a Compliance perspective before being submitted to the Wealth Management Investment Committee Providing recommendations to the relevant Senior Management in this regard Act as the point of contact between regulators and the Business in respect of matters such as fund approval clarifications etc Identifying Compliance issues within the business and escalating to the relevant Senior Management Stakeholders Provide support towards the development of the unit by knowledge sharing Act as a backup staff to ensure smooth workflow and continuity within the department Provide support during audits and ad hoc projects Qualifications Candidate with relevant experience |
