Compliance Officer
Sharjah Media City (SHAMS)
مجموع سنوات الخبرة :10 years, 2 أشهر
- Perform risk assessments to understand risk level, significance, and scope.
- Keep up to date with, and understand, relevant laws and regulations.
- Monitor compliance with laws, regulations, and internal policies.
- Ensure that the findings are recorded and followed up with management so that
issues can be rectified.
- Perform KYC.
- Educate employees on not only the regulations, but also the impact on the
organization if these are not complied with.
- Investigate irregularities and non-compliance issues and report back to Direct
Manager on current risk and compliance performance.
- Highlight or escalate areas of concern.
- Contribute to robust and effective compliance controls within the organization.
- Collaborate with outside professionals, including external auditors.
- Compiling and validating the ES notifications/reports.
- Assisting the clients with their inquiries.
- Implementation of the Group Compliance risk management strategy and framework
- Assist in identifying all relevant laws and regulations pertaining to the activities of the
Group and/ or Business Units
- Assist with the development of risk management plans
- Provide assistance to management, business and project teams to adhere to the
relevant Group standards, policies and practices.
- Conduct sanctions screening & KYC Monitoring for MENA region utilizing the Dowjones
Application
- Continuous monitoring of controls in place to provide regulatory risk assurance to
business and the Group as per Group compliance standards
- Conduct reviews to provide assurance that Internal and External Audit issues are timely
addressed and resolved.
- Proactively report to Line Management on findings and deficiencies in the controls and
recommend corrective action
- Preparing reports on monitoring and reporting for line management
- Ensuring that all material non-compliance findings are entered into the issues log and
assist with monitoring that corrective action is taken
- Assist with the preparation of monthly and quarterly reports for submission to line
manager, Internal stakeholders, and regulators, as required.
- Creating awareness of legislative requirements
- Conducting presentations
- Conducting compliance training
- Assisting with review and sign off training material
- Assist with the issuing of compliance alerts
- Assist with identifying and advising of the need for training interventions in respect of
new or amended laws and regulation.
- Conduct sanctions screening & KYC Monitoring for MENA region utilizing the Salesforce
Application
- Develop, initiate, maintain, and revise policies and procedures and its related activities
to assure compliance with legal and regulatory obligations (e.g., DMCC and IA)
- Coordinating and monitoring AML compliance programs
- Assisting in developing, implementing, maintaining, and enhancing the antimoney
laundering policies, procedures, and controls of the organization
- Report and maintain track record for all JLT/IDB clients which are sanction screened
- Ensures that all information of a confidential nature is held in a secure and confidential
manner Ability to work independently with limited required direction and guidance
- Ensure that all records and documentation are accurate and in compliance with
applicable regulations and pro forma templates used by the Department
- Analyze and evaluate the performance of enhanced due diligence for certain highrisk
clients, revise procedures, reports etc. periodically to identify hidden risks or nonconformity
issues.
- The preparation of reports to leverage concerns to enable management review and
approval as may be necessary
- Contributed in a full KYC project (development & implementation), and draft, modify and
implement company policies & assisted in implementation of pilot phase of Salesforce.
- Review the work of colleagues when necessary to identify compliance issues and
provide advice or training
- Develop and oversee control systems to prevent or deal with violations of internal
policies
- Support and maintenance of sanction screening records (maintain sanctions screening
sheet lists which document all requests, results and status thereof).
- Undertake sanctions screening and provide the business units with effective feedback
relating to requests
- In the event of adverse findings, further procedural steps to be taken in collaboration
with senior management to ensure that responses are expedited
- Any other tasks and duties that may be allocated by the Head of Risk & Compliance
from time to time.
- Evaluate the efficiency of controls and improve them continuously.
- Advisory setting up companies and assisting in all set up related inquiries, from
compliance & registration perspective within DMCC, in Jumeirah Lakes Towers.
Communication with start-ups and explaining the entire setup process and providing
advice on the best solution for clients’ requirements (company structure, license type,
business activity, and ensuring KYC documentation and all other registration documents
(MOA, COI, Board Resolution …) are in order and comply with DMCC rules and
regulations).
- Manage client portfolio and advise them on the most appropriate setup for their desired
business activity and make sure to retain clients and satisfy them, also respond to their
requirements after issuing the licenses (as renewal process, amendments in all
different types)
- Conducts screening for new and existing members using World Check.
- Responsible for implementation and prompt reporting of regulatory reports in
accordance with the Federal Law, UAE Central Bank regulations and FATF
recommendations.
- Evaluate the client’s risk on specified scale to rate client.
- Analyze alerts and investigate customers that match with Politically Exposed Persons
and Negative Media lists generated through name screening system Report and
escalate unusual client activities
- UM VITAE Assist the money laundering reporting officer in the suspicious transactions
reporting process
- Monitoring System as per defined policy and procedure Identifying and mitigating any
potential conflicts in advance. Manage assessment and measurement of over-all risks
- Evaluate the performance of enhance due diligence for high-risk clients.
- Evaluates the reliability of the clients provided information by performing extensive
research
- Ensuring KYC documentation and all other registration documents (MOA, COI, Board
Resolution …) are in order and comply with DMCC rules and regulations
- Investigate complaints and coordinate action plans with other departments.
- Present results and concerns of my written evaluations and reports to the Sub
Committee when it is needed for discussion and approval
- Present results and concerns of my written evaluations and reports to the Sub
Committee when it is needed for discussion and approval.
- Contributed in developing KYC/AML policy and others
- Assists in the implementation of new regulations or changes to existing regulations.
- Report to Compliance Director on a regular basis to review progress on implementation
and assist with establishing improvement plans.
Checking and reviewing suppliers’ invoices received from procurement
department to ensure that amounts and materials/services are received
and comply with purchase order.
* Recording un-earned bills and monitor revenue recognition process.
* Entering vendor invoices and payment using Sage ACCPAC accounting
software.
* Working on Bank reconciliations.
B.A. Degree in Accounting-Middle East University 2009 - 2013