Added 3 weeks ago

Head of Risk & Compliance(FSRA /AML)

LocationAbu-Dhabi, Abu Dhabi, Middle East PP Adecco

Job typeDirector

Date2020-11-09

CategoryBanking and Insurance




Head of Risk & Compliance(FSRA /AML)


Adecco Middle East is currently recruiting for a Head of Risk & Compliance for one of our client based in Abu Dhabi, UAE. The Head of Risk & Compliance is primarily responsible for managing all aspects of risk within client’s  (i.e. its employees, clients, reputation, assets and interests of stakeholders) specific risk areas include, corporate governance, information security, regulatory compliance and operational risk.

Job Title: Head of Risk & Compliance(FSRA /AML)
Job Type: Permanent
Location: Abu Dhabi, UAE
Salary: Open for Discussion
Position: 1
Reports to: Senior Executive Officer and Board of Directors


Summary
The Risk Officer and Compliance Officer (CO) are FSRA authorized roles, responsible for managing and maintaining a comprehensive and effective risk management and compliance framework for the company. As the Risk & Compliance the holder will provide leadership to Governance & Risk across the Firm and advise the Board and senior management of any such risks, including assurance that there are effective and efficient policies and procedures in place, well understood and respected by all employees, and that the company is complying with all regulatory requirements. The holder is responsible for establishing standards and implementing procedures to ensure that the risk and compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting and correcting non-compliance with FSRA laws and regulations.
Main Responsibilities
Fostering and maintaining a positive and constructive relationship with the Financial Services Regulatory Authority (FSRA)
Where required, liaise closely with the FSRAA and auditors to foster good communications and jointly identify actions required following inspectors’ visits and audits as appropriate.
Act as lead adviser on matters relating to risk management and associated disciplines (including corporate governance) to ensure that high and compliant standards exist in the discharge of the Group’s business.
Supervising the implementation of the company’s compliance and anti-money laundering monitoring programs.
Manages day-to-day operation of the compliance and MLRO function and work closely with the operations and trading functions
Identify potential areas of compliance vulnerability and risk, develop, and implement corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future
Proactively audit processes, practices and documents to identify compliance gaps and risks and discuss findings during the Audit, Risk & Compliance Committee (ARCC) meetings.
Monthly, quarterly and annual compliance reporting to the Board of Directors.
Support the CTO with technology integration with the Firm’s custody arrangements, AML/CTF and surveillance vendors and the FSRA.
Co-ordinate Risk work with the MLRO (and first line oversight functions) where appropriate
activities that
Staying up to date with regional regulatory developments.
Serve as the main point of contact for Client’s  with FSRA, law enforcement and other
competent regulatory/enforcement authorities.
Comprehensive experience of the FSRA, UAE, GCC, BVI and/or relevant jurisdictions’ regulatory environment
Minimum Requirements
10+ years of experience as a licensed Compliance Officer in the bank (or equivalent regulated financial institution)
Post-Graduate education in Law, Finance, Business Administration, or related field
CAMS certification (or equivalent) is preferred.
Familiarity with the advancement of Virtual Assets global regulations, and specifically with the FSRA Regulatory Framework
Strong knowledge of AML/CTF regulations and best practices (AML Rules, Federal AML/CTF laws, FATF Recommendations, etc).
Strong writing skills - ability to draft documents, policies and procedures.
Strong communication skills - for preparing and delivering trainings and presentations.
Familiarity and proficiency with the MS Office Suite and cloud-based utilities such as Sharepoint, OneDrive, Google Docs, etc.
Experience in risk management.
High standards of integrity and professional ethics.
Leadership skills; ability to lead a team of Compliance Executives
A business acumen partnered with a dedication to legality
If you are interested in this position, please click the APPLY NOW button for immediate employment consideration. We regret that due to volume of response, we can only contact initial successful applicants. If you have not heard from us within 7 days, then your application has been unsuccessful.

Adecco Middle East is an Equal Opportunities Employer based in Dubai and Abu Dhabi and offers HR solutions for Permanent Recruitment, Emiratization, Executive Search, IT Outsourcing, Temporary Staffing, Visa and Payrolling, PRO services, Adecco Onsite, Assessment Center and Global Mobility business. The Adecco Group is a Fortune Global 500 company headquartered in Zurich, Switzerland and powered by nine global brands: Adecco, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional and Vettery.
By applying for this role your details will be submitted to Adecco. Our Candidate Privacy Information Statement explains how we will use your information, kindly visit https://www.adeccome.com/privacy-policy/ for more information.
Apply now! adecco/job.cancel

Reference number AD a0W4I00000SFi9HUAT

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