Job Description

We are looking for a Risk & Compliance Manager/MLRO with fintech domain experience.


The Risk & Compliance Manager / MLRO will be responsible to work with management and teams to identify and manage regulatory risk. The job holder will ensure that the organization has internal controls that adequately measure and manage the risks it faces.


Responsibilities:



• Compliance Management
• Developing, implementing and monitoring, the frameworks and business procedures and policies with regards to Regulatory, AML and Sanctions Compliance.
• Identifying and assessing compliance risks, designing and implementing appropriate policies, procedures, systems and controls, maintaining compliance manuals and related documentation up to date, carrying out compliance monitoring and surveillance, reporting to the Board and Senior management on the appropriateness and effectiveness of organization's systems and controls and overseeing progress as to any required enhancements and corrective action plans.
• Identify, analyse and report suspicious transactions to the FIU of the CBUAE.
• Perform risk assessments to understand risk level, significance and scope
• Prepare management reports regarding compliance operations and progress as requested by the Board or management or regulators. Keep abreast with and understand, relevant laws and regulations.
• Undertake Compliance monitoring activities as per the Compliance monitoring plan
• Ensure all findings are recorded and followed up with management so that issues can be rectified.
• Provide strategic direction to the teams on compliance.
• Promote compliance culture within the company through risk-based training and awareness programs. Keeping the employees abreast of regulatory changes and updated on AML guidelines and best practices.
• Act as the authorized point of contact for the UAE CBUAE, FIU and LEAs.





Risk Management

• Development and implementation of an effective and integrated risk management framework to include regular review of risk management policies, risk management action plans and organization's risk appetite.
• Identify opportunities for continuous improvements related to systems, processes and practices based on risks and control deficiencies identified and initiate mitigation strategies..
• Oversee and monitor key enterprise risks and the actions being taken to mitigate them.
• Overseeing the organization's risk taking activities and assessing risks and issues independently from the business line.
• Ensure that a rigorous operational risk and internal control structure is established and implemented throughout the business and that appropriate controls are implemented.
• Prepares and maintains internal and external data gathering for risk analysis and reporting.
• Delivers regular risk analysis reports to company executives complete with actionable plans for avoiding or preventing potential threats at all levels.
• Implements fraud prevention / detection strategies with the help of fraud risk assessments, automated tools and fraud risk reviews.
• Conducting fraud investigations and reporting to the regulatory authorities where required.
• Manages and prepares all documentation related to risk assessments and reviews of standard operating procedures.
• Produce formal reports for submission to key stakeholders and regulatory bodies as and when required.





Required Qualifications:

• Bachelor's degree from an accredited college or university in accounting, finance, business administration or related fields
• Compliance qualifications from an internationally recognized body is desirable like ACAMS, International Compliance Association certifications, etc.
• Minimum 10 years with risk and compliance experience
• Compliance experience in the financial services industry or private banking in a recognized market in UAE.
• Good knowledge and understanding of local regulatory rules and legislation about Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT), Central Bank regulations and Sanctions
• Experience of external and internal audit and ability to conduct financial statements review, evaluating controls is preferred