Head of Compliance Jobs in Abu Dhabi Emirate at Finance House

Title: Head of Compliance

Company: Finance House

Location: Abu Dhabi Emirate


The Head of Compliance oversees the Group Corporate Compliance Program, functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the Group. The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory authorities, that FHG’s policies and procedures are being followed, and that behavior in the organization meets the FHG’s Standards of Conduct.

The Corporate Compliance Office exists:

As a channel of communication to receive and direct compliance issues to appropriate resources for investigation and resolution, and

As a final internal resource with which concerned parties may communicate after other formal channels and resources have been exhausted.

Major Responsibilities

Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct. Manages day-to-day operation of the Program.

Develops and periodically reviews and updates Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.

Collaborates with other departments (e.g., Risk Management, Internal Audit, Human Capital, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution. Consults with the Corporate attorney as needed to resolve difficult legal compliance issues.

Responds to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations.

Act as FH Money Laundering Reporting Officer (MLRO) to identify risks and red flags and ensure whether sufficient suspicion is there and require generating reports on money laundering and disclosing them to the relevant authorities properly

Acts as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.

Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.

Monitors FH customers’ behavior in processing their transactions through FH via the AML Monitoring System

Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.

Provides reports on a regular basis, and as directed or requested, to keep the Board of Directors along with senior management informed of the operation and progress of compliance efforts.

Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.

Establishes and provides direction and management of the compliance Hotline.

Act as FH Ethics Officer and serves as internal control point for ethics and improprieties, allegations, complaints, and conflicts of interest and provides corporate leadership and advice on corporate governance issues. Moreover, ensure maintaining proper Ethics policies, procedures and controls

Institutes and maintains an effective compliance communication program for the organization, including promoting (…

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