We are seeking a Senior Controls and Risk Specialist who will take a leading role in key strategic initiatives in the Control and Assurance section within Compliance.This will include the design and development of policies, rules, frameworks and programs and the implementation of Compliance programs in accordance with required implementation plans and milestone requirements. This role will initiate, develop and manage project teams until launch and will support the Head of Controls & Risk in undertaking special and sensitive investigations resulting in reports and recommendations to assist Director of Compliance and Executive Management in making decisions.
Summary of Key Responsibilities:
Compliance framework, including AML / CFT & risk based methodologies;
Dual Regulation – In developing strategy on dual regulation of activities such as Investment activities and brokerage, consultancies, consumer protection and advisory professional services;
Compliance programs covering DMCC Free Zone member companies, commodities’ members such as Kimberley Process, Dubai Diamond Exchange, Dubai Gold Delivery, Dubai Gold and Commodity Exchange, Dubai Commodities Clearing Corporation and Concordia;
Special Investigations – Conduct investigations of specific risk matters, preparing and issuing investigation reports with recommendations & ensuring implementation and follow-up of outcome of investigations
Advisory and Support – Advising on compliance aspects, providing recommendations & assist in training and knowledge management of Compliance team members.
Bachelor Honours in Finance / Business / Commerce ; Masters degree preferable
Internationally recognized certification in Anti Money Launder and Combating Financial Terrorism (ACAMS or ICA) or equivalent Compliance Certification
10+ years of experience.
Familiarity with UAE laws, customs and practices (knowledge of multiple jurisdictions beneficial);
AML / CFT and applicable international sanction regimes;
FATCA, CRS and other emerging trends;
Knowledge of international developments and their applicability;
UAE Government structures, processes & regulatory landscape.
Communication (listening, verbal, written) in English
What we offer
Market competitive basic salary
Annual flight allowance
Other alternative family benefits including schooling
Company gratuity scheme that includes long term incentive plan
Discretionary bonus schemes
Generous annual leave
Medical and life insurance cover
Free covered parking
Retail discounts with over 450 outlets across JLT
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