Overview

Senior Compliance Officer – Buna Jobs in UAE at Arab Monetary Fund

Title: Senior Compliance Officer – Buna

Company: Arab Monetary Fund

Location: UAE

Type: Contract


Category: Finance

Arab Monetary Fund

in Abu Dhabi, Abu Z aby, United Arab Emirates

Posted by: Mohamed Moniem Recruiter View profile & contact As the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible Senior Compliance Officer to join our founding team. Duties of the Senior Compliance Officer include working cross-functionally to lead, develop, execute, monitor, and communicate Buna’s compliance management system. The job holder is also responsible for ensuring that all systems and operations are up-to-date and in line with compliance requirements and industry best practices. This position will report to the Chief Risk & Compliance Officer.

In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:


Job Responsibilities

Compliance Management and Implementation

Develop and implement the Buna Compliance program

Review and test the Buna Compliance program with applicable laws and make recommendations to management as necessary to improve/enhance Buna compliance framework

Ensure compliance operations and processes are in line with regulatory and stakeholder requirements including Data Protection

Carry out the day-to-day administration of the compliance program

Manage compliance metrics, reporting and process design

Evaluate compliance systems and ensure adequate software is in place

Scan the environment to identify issues, recommend and implement processes


Assist with monitoring and testing as required

Conduct vendor due diligence

Liaise with auditors/examiners during compliance audits/examinations as assigned

Conduct compliance risk assessment training workshops

Follow up on compliance issues that require investigation

Identify and interpret new/changed applicable laws relevant to the Buna business

Perform impact analysis of new/changed applicable laws

Coordinate, communicate and maintain business relationships with internal and external parties on various legal and compliance related matters

Reporting

Effectively communicate and report out on plans, status, issues, risks, and requirements to all levels of stakeholders

Keep up-to-date on industry and regulatory changes

Policy/ Process Development

Review and/or draft forms, disclosures, agreements, etc. as the need arises

Draft, modify and implement Buna policies, procedures and handbooks, as needed, to reflect industry best practices, the evolving regulatory environment and changes to the business

Assist with the preparation, organization, and maintenance of corporate documents

Draft contracts and related internal compliance materials

Assess, in collaboration with the risk management team, money laundering / terrorist financing risk, recommend mitigation plans and controls

Research, analyse and provide recommended remediation efforts for clients that present AML and/or reputational risk

Qualifications and Skills

Experience & Education

5+ years of work experience including audit, operations, or compliance management

Prior experience in financial industry, payments, and /or banking compliance

Bachelor’s degree from a reputable university preferably in business, economics, finance, or accounting, or an equivalent combination of education and work experience

Relevant certifications (e.g. CBCO, CRCM, CAMS, CUERME, CRCP) are preferred

Skills

Advanced knowledge of AML/CTF regulatory requ…

 

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