Employment:
Full Time
The Company
Robert Half is working with one the oldest and largest independent futures brokerage firm in Europe. Who provide a full range of services to the futures industry’s largest global network of introducing brokers and commercial, institutional and individual investors.
The Role
Compliance & MLRO
* Review and update the Compliance policies & procedures manual, the Compliance monitoring program and the AML policies and procedures and ensure it continues to remain aligned to the changes done in the Dubai Financial Services Authority (the DFSA) rules and regulations.
* Review and update the annual Compliance Monitoring Program (the CMP) and ensure compliance reviews are performed according to the CMP. Provide regular updates to the Board of Directors as part of executing the CMP and highlight areas of concerns with suggested mitigation plans.
* Develop an annual calendar of compliance as per applicable rules and regulations and identify the Companies staff responsible for submission of the requirements to the regulators/ exchanges. Ensure timely submission of the required returns with appropriate compliance reviews.
* Advise the Board and Senior management on Compliance and AML issues.
* Participate in introducing new products and services and assist management to obtain relevant licenses to offer the new products or services.
* Assist in regulatory reviews and liaise with regulators, auditors, clients concerning compliance and AML matters.
* Review and follow through on all compliance submissions by the Companies staff to the concerned regulators.
* Advise management on compliance requirements for introducing new markets/products, countries (APAC or otherwise) in areas of transactions, specific regulatory filings, tax compliance, etc
* Maintain a Register of Breaches and ensure the breaches form part of regular discussions at Board meetings.
* Provide and/or arrange to train staff (new joiners) on compliance and AML requirements and provide/arrange for annual refresher training for existing staff.
Risk Management
* Review the risk management framework and ensure it is implemented.
* Perform and or review the annual control self-assessments done by the departmental heads and use the same as input to update the risk register.
* Complete the annual IRAP – Internal Risk Assessment Procedures and ICAAP – Internal Capital Adequacy Assessment Procedures document and provide the same for Senior Management review.
* Arrange to submit the same in a timely manner with the DFSA i.e., within 4 months of the end of financial year.
* Discuss the key risks with Senior Management and Board members and advise them of controls that would help mitigate the risks.
* Liaise with regulators whilst the IRAP and ICAAP are selected for review by the DFSA as part of SREP (Supervisory Review and Evaluation Process)
The Candidate
Minimum Experience & Skills
* Understanding of the Legislative compliance requirements mandated by the regulator (DFSA regulatory requirements knowledge will be an added advantage) and general compliance requirements of stock exchanges.
* Exposure to working in other international markets and a general understanding of stock market regulations and global market best practices.
* Financial Services domain knowledge (stock broking and of different kinds of financial instruments particularly equity, derivatives, mutual funds, asset management and advisory)
* Exposure to dealing with regulators for compliance matters
* Understanding of KYC/CDD and AML laws, regulations, and internal procedures
* Understanding tax requirements particularly FATCA, CRS and with-holding taxes levied on incomes in different jurisdictions
* Qualification in Risk Management would be an added advantage
* Min 10 years’ experience of working in Compliance and MLRO function with a financial services firm broker dealer, investment bank, investment business firm.
Salary
40,000 – 45,000 AED a month
Robert Half is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply. Pay and salary ranges are dependent upon experience, qualifications and training.
Founded in 1948, Robert Half International Inc. (NYSE symbol: RHI) is the world’s first and largest specialized staffing firm and a member of the S&P 500 index. We are a global leader in professional staffing and consulting services and the parent company of Protiviti, a leading independent internal audit and business and technology risk consulting firm. For 2006, Robert Half International reported revenues of $4 billion and now has staffing and consulting operations in more than 400 locations worldwide.
Source: Job Posting - gulftalent.com
