Job Description
IntroductionAs the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible Senior Compliance Officer to join our founding team. Duties of the Senior Compliance Officer include working cross-functionally to lead, develop, execute, monitor, and communicate Buna’s compliance management system. The job holder is also responsible for ensuring that all systems and operations are up-to-date and in line with compliance requirements and industry best practices. This position will report to the Chief Risk & Compliance Officer.In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:Job ResponsibilitiesCompliance Management and Implementation
- Develop and implement the Buna Compliance program
- Review and test the Buna Compliance program with applicable laws and make recommendations to management as necessary to improve/enhance Buna compliance framework
- Ensure compliance operations and processes are in line with regulatory and stakeholder requirements including Data Protection
- Carry out the day-to-day administration of the compliance program
- Manage compliance metrics, reporting and process design
- Evaluate compliance systems and ensure adequate software is in place
- Scan the environment to identify issues, recommend and implement processes
- Assist with monitoring and testing as required
- Conduct vendor due diligence
- Liaise with auditors/examiners during compliance audits/examinations as assigned
- Conduct compliance risk assessment training workshops
- Follow up on compliance issues that require investigation
- Identify and interpret new/changed applicable laws relevant to the Buna business
- Perform impact analysis of new/changed applicable laws
- Coordinate, communicate and maintain business relationships with internal and external parties on various legal and compliance related matters
- Reporting
- Effectively communicate and report out on plans, status, issues, risks, and requirements to all levels of stakeholders
- Keep up-to-date on industry and regulatory changes
- Policy/ Process Development
- Review and/or draft forms, disclosures, agreements, etc. as the need arises
- Draft, modify and implement Buna policies, procedures and handbooks, as needed, to reflect industry best practices, the evolving regulatory environment and changes to the business
- Assist with the preparation, organization, and maintenance of corporate documents
- Draft contracts and related internal compliance materials
- Assess, in collaboration with the risk management team, money laundering / terrorist financing risk, recommend mitigation plans and controls
- Research, analyse and provide recommended remediation efforts for clients that present AML and/or reputational risk
Skills
Qualifications and SkillsExperience & Education
- 5+ years of work experience including audit, operations, or compliance management
- Prior experience in financial industry, payments, and /or banking compliance
- Bachelor’s degree from a reputable university preferably in business, economics, finance, or accounting, or an equivalent combination of education and work experience
- Relevant certifications (e.g. CBCO, CRCM, CAMS, CUERME, CRCP) are preferred
Skills
- Advanced knowledge of AML/CTF regulatory requirements, ccompliance methods, practices, tools and procedures, policy/ process development, compliance management and compliance programs implementation
- Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
- Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
- Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
- Ability to handle multiple tasks with tight deadlines simultaneously
- Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
- Ability to maintain the highest level of confidential/sensitive information and professionalism
- Flexibility and readiness to work beyond regular working hours and as required
Languages
- Fluent in English & Arabic
- Knowledge of French is a plus
Job Details
Preferred Candidate
Arab Monetary Fund
Abu Dhabi, UAE
About Us
Arab Monetary Fund is a Regional Arab Organisation, Founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen, Comoros. Objectives The fund aims at contributing to the achievement of the following objectives: 1.Correcting disequilibria in the balance of payments of member States. 2.Striving for the removal of restrictions on current payments between member States. 3.Establishing policies and modes of Arab monetary co-operation. 4.Rendering advice, whenever called upon to do so, with regard to policies related to the investment of the financial resources of member States in foreign markets. 5.Promoting the development of Arab financial markets. 6.Paving the way towards the creation of a unified Arab currency. 7.Promote trade among member States.
