Purpose of Role:
To assist the Abu Dhabi and Saudi Arabia Compliance Team ("Middle East Compliance Team") in delivering all regular activities as part of the Compliance Advisory programme and provide AML support in the Middle East region.To actively promote a culture of ComplianceTo provide day to day support to Middle East businessTo provide support as Deputy MLRO for both Abu Dhabi and Saudi Arabia legal entities
Specific Duties:
To support the successful design and execution of the Middle East Compliance and AML program.
Assist the Middle East Compliance team in the assessment of Compliance and AML risks, taking ownership of allocated risk units.Contribute to the execution and delivery of the regulatory compliance oversight programme for Middle East legal entities, ensuring compliance with the ADGM Financial Services Regulatory Authority (FSRA), Dubai Financial Services Authority (DFSA) and Capital Market Authority (CMA) rules.Assist in the design and oversight of the compliance monitoring programme in delivering a robust and comprehensive monitoring and surveillance plan for Middle East entities.Develop and maintain good working relationships with the Middle East business where required, providing advisory support to assist with regulatory queries, and ensuring closure of any Compliance issues within a timely manner.Act as Compliance and AML representative in governance committees and forums and deputise for the registered Compliance Officer and MLRO for Middle East entities where required.Produce written reports for Senior Management on the delivery of the Compliance and AML programme, indicating progress achieved and any significant matters requiring attentionIdentify training needs and facilitate successful implementation of Compliance and AML training and education for all relevant staff within the Middle East business lines. Coordinate with the other locations to ensure consistency where appropriate.Ensure the effective management of the local Compliance policy framework including review and input to regional/global policies, communication of policies and their key requirements to staff as required. This may include developing, implementing, promoting and maintaining compliance standards and procedures that require employees to act in a compliant manner.Keep abreast of regulatory and legislative updates or changes, analyse and interpret the regulation and legislation (new and current as required). Provide de-brief and feedback to peers and business stakeholders as required. Contribute to the GRCM process as required.Participate in and attend external regulatory forums and groups to engage with peers and industry bodies and the regulatory authorities on forthcoming regulatory change. Ensure that the outcome of such meetings are communicated to the relevant stakeholders (Middle East Compliance and Senior Management)Participate in client due diligence responses including Request for Proposals/Information, due diligence questionnaires, as well as presenting on the Compliance oversight programme in client due diligence meetings.Assist in governance activities and contribute in the review of relevant materials e.g. NBPRA. Proactively identify and escalate any issues and weaknesses in the governance structure and promote the governance requirements as identified within the State Street model.Assist in the preparations for regulatory inspections, regulatory submissions and regulatory reporting