FundRock LRI is a licensed Super ManCo (UCITS and AIFM) with over three decades of experience in structuring and managing traditional and alternative investment strategies. Based in Luxembourg, we offer a broad spectrum of structuring solutions that are ideally suited to the investment strategy and its commercial goal. The concept also considers individual regulatory, tax and accounting factors.We structure and set up traditional investment funds for asset managers and institutional investors such as banks, family offices, insurance companies and pension funds.Senior Compliance Officer and MLRORole Location: Abu DhabiEmployment Type: PermanentReporting line: Reports into the Regional Compliance Officer Middle East and the SEO of FundRock Investment Management Services (ME) LtdFundRock Investment Management Services (ME) Ltd (FundRock ME), is based in the Abu Dhabi Global Market (ADGM), one of the worlds fastest growing financial centres. As a fully authorised ManCo for Qualified Investor Funds and Exempt Funds, we are an ideal partner for asset managers, institutional clients and family offices who wish to establish funds and distribute them within the ADGM.FundRock MEs ADGM license permits the following activities:
Managing a Collective Investment Fund;
Arranging deals in investments;
Managing assets;
Advising on investments or credit.
Being part of Apex Group, our clients have access to the broadest range of industry solutions across the value chain from a single source.Role and Responsibilities include: Setting, establishing and monitoring adherence to processes, policies and procedures to meet risk, compliance, legal and regulatory requirements.Responsibilities:Compliance Officer and MLRO
Acting as FundRock MEs MLRO, establishing and maintaining the Anti Money Laundering policies, procedures, systems and controls in compliance with the Regulatory Anti Money Laundering rules and all relevant legislation applicable in the jurisdiction and Group Apex Policies;
Conduct thorough and timely AML risk assessments to identify potential areas of concern and implement mitigation strategies;
Collaborate with internal stakeholders, including legal, compliance, and risk management teams, to ensure seamless integration of AML & KYC processes into the broader organizational framework;
Conduct in-depth investigations into suspicious transactions and prepare comprehensive reports for senior management and regulatory authorities as required.
Monitor and analyze data to identify unusual patterns or trends that may indicate potential money laundering activities;
Overseeing licensing requirements and regulatory obligations while ensuring that Compliance activity takes account of all relevant legislation and ADGM related activities;
Maintaining positive relationships with regulators;
Preparing and submitting reports to regulatory authorities and handling communications and requests from the regulator(s) as required;
Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions described by the Regulator;
Keeping up-to-date with all relevant laws and regulations and communicating regulatory changes and developments to senior management and staff;
Providing advice, and assistance where relevant, to senior management and staff on Apex Group compliance-related matters;
Review of the compliance and internal control framework and ensuring that they are in adherence with FundRock MEs and Apex Groups Policies and Procedures and all applicable legislation;
Ensuring the effective implementation of the Compliance Monitoring Programme and performing monitoring activities;
Ensuring that non-compliant findings are tracked with the respective business function managers until resolved;
Acting as the Compliance Officer leading FundRock MEs Compliance department and closely collaborating with both the Management of FundRock ME as well as the Compliance Leaders of the Apex Group with regards to all related matters;
Planning, designing, leading and executing Compliance related projects;
Preparing training material and deliver training in Compliance and AML matters;
Preparing and submitting Compliance and AML reports to management and various committees and governance structures within the Apex Group;
Maintaining a register of complaints, conflicts of interest, compliance and data breaches, and actively manage adherence to the complaints process and mitigation of breaches;
Understand segregation of duties and Chinese Walls between business units.
Be a specialist Compliance expert on the specific activites held by FundRock ME.
Managing collective investment fund and managing assets understand the business model of a third party fund Manager (Manco) and be fully conversant with the ADGM rulebooks , including but not limited to the Fund, AML , Prudential, General and Conduct of Business Standards Rulebooks.
Arranging deals and advising on investments understand the marketing rules with regards to private placement, passporting of funds and ensuring adherence to the rules regarding financial promotion in the ADGM. Vet clients to ensure that they have been appropriately classified and are suitable for investment into FundRock ME.
Reporting to and liaising with the SEO, Regional Compliance Officer and the Board as required, on Compliance and AML-related matters; and Promoting a positive compliance culture through engagement with staff via training, awareness and mentorship. Data Protection Officer;
Act as the contact person for all Data Subjects and with the relevant Data Protection Commissioner; Keeping up-to-date with the relevant data protection regulations;
Monitor FundRock MEs compliance with the Data Protection Law and any other data protection or privacy-related law or regulation;
Advise in relation to the FundRock MEs data protection impact assessment(s) and data matrix;
Analysis of cross border transfers of confidential information;
Analysis of privacy aspects in all relevant procedures and policies applied by FundRock ME;
Analysis of data events and breaches;
Implementation of Apex Groups Data Privacy and Data Protection Policy;
Providing guidance to senior management and employees on data protectionrelated matters; and
Maintaining firm records and registers as required.
Requirements:
Holder of work permit in the UAE;
Advanced degree in Law or comparable professional education in relevant fields
Professional experience of minimum 5 years in the field of Audit or Compliance in the UAE, preferably regarding investment funds and management companies
Excellent knowledge of the UAE and ADGM regulatory framework;
Team management experience an asset
Ability to work and lead a team in a positive, fair and open manner;
Ability to handle sensitive situations in a confidential and professional manner;
Self-organized and able to work accurately;
Pro-active and team-oriented;
Proficiency in MS Office;
Problem solver
We offer:
A high level of visibility within a large organisation on an upwards trajectory
The ability to define processes to drive innovation and have a tangible impact on the control framework;
Be part of a dynamic and fast-paced team;
Exposure to all aspects of the business and work with senior management directly;
Opportunity to work with a diverse, agile and global environment;
Opportunity to innovate, bring discipline and really make the difference.
Ready for the challenge?If you are interested in this challenge, we look forward to receiving your application documents (motivation letter, CV, testimonials/reference letters) including additional information about your earliest possible starting date.As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct souring model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.