Develop and execute a comprehensive compliance program.
Draft a proposal for compliance policies and procedures, encompassing the
institution's activities, operations, systems, and controls.
Update the institution's policies on anti-money laundering and
counter-terrorism financing, including preparing necessary evidence and
procedures for implementation, considering legal status across jurisdictions.
Monitor adherence to compliance policies, laws, regulations, and ethical
standards, as per establishment agreements and internal policies.
Assess and identify compliance risks associated with various institution
activities across jurisdictions.
Prepare and submit periodic compliance monitoring reports to executive
management.
Review existing and proposed policies and procedures to ensure alignment
with relevant laws and regulations.
Review institution procedures, practices, and documents to mitigate
compliance risks.
Implement necessary actions based on administrative observations from
external auditors' reports to ensure compliance.
Foster a culture of compliance within the institution and raise awareness
of its importance.
Investigate suspicious transactions related to institution activities.
Report suspicious transactions involving money laundering or terrorism
financing to executive management using designated reporting channels.
Prepare required periodic reports on anti-money laundering and
counter-terrorism financing procedures.
Perform other duties as assigned.
Requirements
Bachelor's degree in law, business administration, finance, accounting,
economics, or related field.
3-5 years of experience in compliance within the financial sector.
Proficient in legal requirements, monitoring, auditing, and policy
implementation.
Strong understanding of local and international compliance laws,
regulations, and standards.
Ability to train institution employees on compliance matters.
Expertise in anti-money laundering and counter-terrorism financing
mechanisms.
Proficiency in Arabic and English.
Strong analytical and risk management skills.
Excellent communication skills.
Proficient in Microsoft Office applications, including Word, and
PowerPoint.
