[Dubai] Compliance Officer

Responsibilities

• Ensure compliance with all applicable laws and regulatory requirements locally.
• Develop and implement compliance policies and procedures for the local entity to meet the requirements of VARA.
• Assess emerging issues and risks and promptly escalate issues to CEO and Group Compliance.
• Report compliance activities and audits to the Board.
• Ensure appropriate corrective actions are taken for deficiencies in the CMS and/or non-compliance.
• May delegate compliance activities to professionals but remain accountable for all responsibilities.
• Responsible to liaise with and perform relevant notification to relevant regulators.
• Develop and implement an AML/CFT policy that complies with applicable regulations.
• Conduct regular risk assessments to identify and mitigate money laundering and terrorism financing risks.
• Ensure timely and accurate reporting of suspicious activities to relevant authorities.
• Carry out and ensure the implementation of customer due diligence (CDD) and enhanced due diligence (EDD) procedures.
• Conduct KYT due diligence reviews in a timely manner and suggest potential action points.
• Maintain comprehensive records of all AML/CFT activities and reports.
• Stay updated with the latest AML/CFT regulations and best practices.
• Provide regular AML/CFT training to staff.
• Liaise with regulatory bodies and law enforcement agencies regarding AML/CFT matters.
• Other Adhoc tasks assigned by Group Compliance.

Requirements

• 8 to 10 years experience in Compliance and AML functions within the financial services sector (KYC/KYB/KYT experience in Fintech or blockchain related industry would be deemed an advantage).
• Knowledge and understanding of financial services regulations, compliance, policies, processes and procedures (Experience and knowledge in Virtual Assets and Related Activities (VARA) Regulation would be deemed essential).
• Proficiency in compliance applications and programmes such as Sumsub, Chainalysis etc.
• Interest in blockchain and digital assets, and willingness to work with other teams in a highly collaborative start-up fintech environment.
• Well organised, detail oriented, presentable and with excellent communication skills (both verbal and written) in English (Proficency in Mandarin would be deemed an advantage).
• Problem solving, time management, analytical, and investigative skills.
• Professional qualifications pertinent to the financial services sector (ACAMS, or equivalent AML certification)
• Demonstrated ability to analyse complex regulatory requirements and implement practical solutions.
• Exceptional communication and stakeholder management skills.
• Be open to performing other responsibilities associated with the position.