My client are a leading digital bank in the Middle East looking for an outstanding Compliance Associate to join their growing team.
KEY RESPONSIBILITIES
Regulatory Advisory and Oversight
- Support implementation and maintenance of the Bank's Regulatory Compliance Framework.
- Provide compliance guidance for business, operations and support functions on applicable FSRA regulations and regulatory obligations.
- Assess new products, services, business initiatives and outsourcing arrangements from a compliance perspective.
- Assist with regulatory impact assessments arising from new or amended FSRA, ADGM and UAE regulations.
Compliance Monitoring and Testing
- Execute compliance monitoring reviews in accordance with the Compliance Monitoring Programme.
- Perform thematic reviews and control testing across business units.
- Track remediation actions and follow up on outstanding findings.
Regulatory Inspections and Audits
- Support regulatory reviews and examinations conducted by the FSRA.
- Coordinate responses to regulatory information requests.
- Assist with Internal Audit and External Audit reviews related to compliance matters.
Customer Due Diligence and KYC
- Review customer onboarding, periodic review and event-driven review cases.
- Assess customer risk ratings and due diligence requirements.
- Review beneficial ownership structures and complex ownership arrangements.
- Conduct Enhanced Due Diligence (EDD) reviews for higher-risk customers.
Sanctions Screening
- Review name screening alerts generated through onboarding and transaction systems.
- Investigate sanctions-related alerts and document rationale.
- Escalate true matches and potential sanctions concerns to the MLRO.
- Support sanctions risk assessments and control enhancements.
Transaction Monitoring
- Review AML transaction monitoring alerts.
- Conduct investigations and document findings.
- Escalate unusual or suspicious activity to the MLRO.
- Support tuning and optimisation of transaction monitoring scenarios.
Suspicious Activity Reporting
- Assist the MLRO in gathering information relating to suspicious activity investigations.
- Maintain investigation files and supporting documentation.
- Track internal escalations and reporting timelines,
