Discover your dream Career
For Recruiters

Senior Compliance Officer- Buna

Arab Monetary Fund Abu Dhabi, United Arab Emirates
Posted 5 days ago Permanent Competitive

Organization
BUNA

Opening Date
Tuesday, October 31, 2023 - 12:00 - Tuesday, December 31, 2024 - 12:00

Introduction

Buna, the Arab Regional Payment Platform, is 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 Responsibilities

Compliance 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

 

Qualifications and Skills

Experience & 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
More Jobs From Arab Monetary Fund
Arab Monetary Fund
Information Security Officer - Buna
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
4 days ago Full time Competitive
Arab Monetary Fund
Legal And Compliance Officer
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
4 days ago Full time Competitive
Arab Monetary Fund
Director, Legal And Compliance Department
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
4 days ago Full time Competitive
Arab Monetary Fund
Onboarding Specialist
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
5 days ago Full time Competitive
Arab Monetary Fund
IT System Administrator
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
7 hours ago Full time Competitive
Arab Monetary Fund
Senior Network Administrator
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
1 day ago Full time TBD
Arab Monetary Fund
Director, Economic Department
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
1 day ago Full time Competitive
Arab Monetary Fund
IT Security Engineer
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
2 days ago Full time Competitive
Arab Monetary Fund
Accountant
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
3 days ago Full time Competitive
Arab Monetary Fund
Strategy And Planning Specialist - Buna
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
4 days ago Full time Competitive

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Arab Monetary Fund
Legal And Compliance Officer
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
Arab Banking Corporation
Senior Financial Crime Analyst
Arab Banking Corporation
Manama, Bahrain
Michael Page
Head of Compliance
Michael Page
Abu Dhabi, United Arab Emirates