Job Description

To act as Compliance in-charge in absence of compliance manager.

Responsible to ensure the appropriateness of Compliance programme with applicable AML/CFT laws, regulations, and international best practices all the time.

Responsible to maintain appropriate AML/CFT policies, procedures, processes, and controls.

Arrange, maintain, and secure correspondence records between Compliance department and the Regulator.

Follow up on the transactions escalated to the branches by the compliance department during transaction monitoring.

Follow up on the request sent to branches for the provision of supporting documents of transaction monitoring and sanctions screening.

Report Sanctions & FPEP Screening & transaction monitoring alerts generated by the system.

EDD Preparation upon customer

AML/CFT program annual review for partners/agents' emails follow up and document collection

Follow up on the exceptions granted to the customers by the branch staff.

Report any high-risk/suspicious activity identified during transaction monitoring.

Prepare and follow up on the request sent to the correspondent banks & agents for KYC documents.

Take back up on the emails and other records as per Saad Exchange policy.

Comply with all the policies of Saad Exchange.

Visiting new clients prior to on board

Visiting existing clients time to time

Preparing Site Visit Report.

Receiving suspicious activity reports from the FLAs and analyzing them to take appropriate decision whether to report to the FIU about those transactions in a timely manner.

Developing and Executing AML/CFT training programs considering all relevant risks of ML/FT to update our FLAs with all applicable laws and regulations.

Preparation and submission of quarterly reports with the board of directors on AML.

Preventing illegal or improper conduct by developing & maintaining policies & procedures for general operations.

Monitoring Customer transactions in accordance with the defined parameters in transaction monitoring system, in case of high risk/high value transactions, obtaining the required KYC documents for EDD purpose.

Administering AML Reports like Frequent Transactions, Biggest Transfer Report and Remitter - Beneficiary Relation Report to ensure work is as per regulatory standards

Working with Customer Screening Tool (to identify blacklist & sanctioned individuals & entities) for transaction screening.

Receiving SAR (Suspicious Activity Reports) from front office staff and from personal assessments (in case of doubt about any transaction) and reporting the same to FIU for necessary actions

Organizing training for new hires to provide them with better understanding of system and rules & regulations.

Conduct regular gap analysis between the Licensed Person's existing AML/CFT Procedures and the most current Laws, Regulations, Notices and the Standards of the UAE in order to determine the extent of the Licensed Person's level of compliance.

Propose actions required to address gaps, if any;

Prepare Bi-Annual Compliance Reports

Arrange to retain all necessary supporting documents for transactions, KYC, monitoring, Suspicious Transaction Reporting and AML training for the minimum period for record retention.

Job Type: Full-time

Pay: AED5,000.00 - AED5,500.00 per month

Ability to commute/relocate:

• Fujairah: Reliably commute or planning to relocate before starting work (Required)

Application Deadline: 07/10/2023