Alternate Compliance Officer (ACO)

1. Regulatory Reporting & Compliance:

• CBUAE Reporting:
• Prepare and submit semi-annual reports, bi-annual reports, IEMS reports, and other regulatory filings required by CBUAE.
• Review, analyze, and respond to feedback from CBUAE on submitted reports, ensuring timely and accurate responses.
• Maintain and update documentation to ensure all reports meet the highest standards of regulatory compliance.

2. Transaction Monitoring & Investigation:

• Transaction Monitoring:
• Conduct continuous monitoring of financial transactions to detect suspicious activity, fraud, or non-compliance with AML/CFT regulations.
• Investigate suspicious transactions and escalate cases as needed, preparing detailed Suspicious Transaction Reports (STRs) for submission to the relevant authorities.
• Ensure that all transaction monitoring systems are up to date, including conducting regular tests and improvements.

3. Client Onboarding & KYC/AML Compliance:

• Client Onboarding:
• Oversee the client onboarding process, ensuring that all KYC requirements are properly completed and documented for new clients.
• Conduct thorough due diligence checks on clients, including background screening, source of funds, and risk profiling.
• Maintain accurate and complete client records in accordance with regulatory requirements.

4. Internal Audits & Risk Management:

• Internal Audits:
• Lead and assist in internal audits of compliance and operational processes to ensure adherence to CBUAE regulations and company policies.
• Prepare and submit audit reports, addressing findings and ensuring proper follow-up and remediation.
• Risk Management:
• Identify and assess potential compliance risks, and work proactively to implement controls and mitigation strategies.
• Provide regular risk assessments and update senior management on risk levels and mitigation plans.

5. Compliance Monitoring & Support:

• Compliance Oversight:
• Collaborate with senior compliance staff to monitor and ensure that internal controls are in place and functioning as intended.
• Assist in maintaining an effective compliance framework across all operations.
• Provide guidance on compliance matters to internal departments, especially related to transaction monitoring, KYC, internal audits, and risk mitigation.

6. Regulatory Liaison & Reporting:

• CBUAE Communication:
• Act as a key liaison with the CBUAE for all compliance-related matters.
• Respond promptly to CBUAE queries and ensure smooth communication regarding reports, audits, and other regulatory matters.

7. Other Ad-Hoc Duties:

• Support the development of compliance training programs for staff.
• Stay current with CBUAE regulations, AML/CFT best practices, and relevant compliance trends.
• Assist with any other compliance-related tasks as requested by management.

Job Type: Full-time

Experience:

• Compliance in Exchange House: 3 years (Required)

Language:

• Arabic (Preferred)

License/Certification:

• CAMS (Preferred)

Application Deadline: 25/04/2025Expected Start Date: 01/06/2025

Information :

• Company : First Gulf Exchange Centre
• Position : Alternate Compliance Officer (ACO)
• Location : Dubai
• Country : AE