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Compliance Officer
Job Title: Compliance Officer
Department: Compliance
Location: Dubai, UAE
Job Grade: N/A
Line Manager Title: Group Compliance Officer
Position Type: Full Time
Overview
Our mission is to create, protect, and grow wealth. But only in the most ethical and responsible ways possible. GSB works with a number of private banks and institutions to provide banking, investment and credit solutions for high-net-worth clients.
Four guiding principles underpin our philosophy:
Culture First: We’re here to build a better world of work while supporting people’s financial, physical, professional and social well-being;
Community Led: We’re here to contribute to the economic and social betterment of the communities where we invest, operate and serve.
Governance Driven: We’re here to enhance policies and practices relating to our purpose, philosophy, ethics and accountability as a business;
Foresight Set: We’re here to continually improve the value we create for all our stakeholders through informed product and service innovation
The incumbent is required to provide high-level administrative support for Group CEO to ensure they can efficiently accomplish key tasks and company initiatives.
Responsibilities
Compliance Officer:
- Review of training material and keep a log of all staff training and conduct any necessary training at least on an annual basis (including board of Directors)
- Keeping senior management up to date on regulatory change and relevant implications
- Provision of regulatory advice and guidance as requested on jurisdictional related matters
- Liaising with the Regulator as required
- Assisting with applications for registrations and withdrawal of authorised individuals.
- Maintenance of all compliance manuals and procedures ensuring relevant changes are made as required
- Advising appropriateness of policies, procedures, systems and controls
- Administering the Firm’s existing compliance and client transaction monitoring program
- Ensuring compliance breaches are readily identified, reported and that action plans are put in place to address the same
- Reporting to the board of directors and Senior Executive Officer on the appropriateness and effectiveness of the Compliance function
- Review the risk management policies and liaise with risk officer on internal risk assessment program and reporting
- Identify compliance risk and to advise on appropriate action
- Prepare the firm for DFSA risk assessment visit
Money Laundering Reporting Officer responsibilities:
- Assist in completing a KYC form for new clients based on the documents and information provided by the client
- Report suspicious activities (SAR) from employees as per the applicable AML regulations
- Overseeing the day-to-day operation of the Firm’s AML policies, procedure, systems and controls
- Acting as the point of contact within the Firm for competent U.A.E authorities and the Regulator
- Overseeing compliance with UN sanctions and international, governmental and regulatory findings
- Ensure maintenance of systems and controls to facilitate internal and external reporting in AML/CFT matters
- Establishing and maintaining a staff awareness program for the prevention of money laundering
- Reporting to the board of directors and Senior Executive Officer on the appropriateness and effectiveness of the AML function
- Completion of the AML annual return & Central Bank bi-annual reports
Qualifications, Experience & Skills
- Experience in a similar role with demonstrable experience being named on company licence
- Experience working closely with Dubai Financial Services Authority (DFSA)
- Subject matter expert on compliance and risk
- Preferably holding a CISI qualification in Compliance
- Demonstrates the highest professional integrity
- GSB brand ambassador
Closing Date
- Closing date end of February 2024
Applications should be sent to: