Job Position: Compliance and Risk Associate
Job Description: Dubai – Assists Compliance Officer in all compliance tasks to ensure the Firm meets with regulatory and AML standards required by DFSA. Monitoring transactions to ensure they are consistent within the AML risk profile of the clients,. Whenever necessary coordinate with the MLRO to revise risk profile and undertake enhanced reviews in accordance with AML Procedures Manual of the company. Maintain regulatory mapping to keep track of all applicable regulations, Regularly checks the DFSA websites / pronouncements/ consultation papers etc. and discuss with the Compliance Officer of the implications and determine the need for amendments policy and procedures, systems and controls etc. Supports compliance officer on a day to day basis by responding to queries from market counterparties, regulators & other departments of the firm on client matters and control. Assists the Compliance Officer to identify assess and evaluate regulatory, business and operational risks faced by the Firm and maintain the risk register. Evaluate risk mitigation plans for top risks faced by the Firm using IRAP and other matrix and prepare reports for the Board. Monitor trading activities as per established compliance monitoring program. Act as the coordinator in organizing risk & compliance committee meeting and prepare reports for the on risks and mitigation plans for consideration by the management. Help the management in developing risk mitigation strategies for the Company’s critical risks. Monitor adherence to risk limits and controls – trading , compliance and enterprise wide risks. Examine trading limits and other compliance control reports obtained daily from BB and escalate it as necessary. Responsible for organizing, conducting, drafting and preparing minutes of the Risk and I Compliance Committee Meetings. Co-ordinate with client relationship team on due diligence and KYC on new clients as well as update KYC of existing clients. Maintain contracts, files of customer accounts , busine…see more details
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