JOB PURPOSE
•Ensure that Aldar is compliant with its regulatory compliance obligations, financial crime awareness and adherence to internal policies
•Support business functions achieve their objectives whilst striving for excellence in the spheres of compliance and risk
ROLES AND RESPONSIBILITIES
Compliance organization set-up:
•Promoting a strong culture of compliance, Anti-money laundering awareness and ethics across the organization
•Evaluate the efficacy of, continuously improve and develop Financial Crimes Compliance (FCC) systems & controls
•Evaluation of current and new requirements of the regulatory landscape and practical implication for the organization
•Draft, modify, and facilitate implementation of compliance related policies and procedures
•Draft and review regulatory compliance documentation
•Design and develop comprehensive compliance monitoring programs
•Develop/maintain effective systems and controls for FCC
•Develop a robust compliance program, its objectives and effectively provide leadership and implementation of training and monitoring programs
•Collaborate with the Head of Compliance and compliance team to ensure a robust compliance program and regulatory universe is in place
•Ensure the alignment of compliance, operational and business strategies and develop the risk appetite accordingly
•Conduct training on compliance, AML, and ethics whilst ensuring training is consistently conducted in the organization.
•Establish effective Data Protection controls and ensure confidentiality is embedded in the compliance function
•Establish and maintain record retention practices to evidence compliance adherence and records are easily accessible
•Prepare presentations & reports when and where required/on an ad-hoc basis for the (i) Head of Compliance (ii) Senior Management (iii) Relevant stakeholders
Monitoring and reporting:
•Identification and reporting of non-compliance with compliance/ AML and ethics, conflicts, anti-bribery requirements and providing corrective action
•Timely coordination with internal stakeholders to align with the organizational goals and assist in its overall targets & deliverables
•Provide reasonable assurance to the business that inherent/ residual risks are properly identified, managed, and mitigated where possible and conducting a comprehensive documented compliance risk assessment
•Prevent and effectively mitigate violations of legal, regulatory, and FCC policies
•Draft clear and concise reporting to senior management, governing body and Audit Committee on the effectiveness of internal systems and controls as well as deficiencies identified with corresponding corrective action proposed for remedial action
•Identify and interact with all internal and external stakeholders/ regulators
•Maintain and periodically review the regulatory universe applicable to the organization
•Drafting of all compliance reports and ensure matters are effectively articulated and include all relevant aspects
•Drafting of periodic compliance reporting on compliance and AML to senior management/ governing body
•Ensure regular compliance/AML matters are consistently communicated with direct reports, business and senior management to create awareness and embed a compliance culture
•Reporting of any FCC/AML/Sanctions breaches to Head of Compliance
Lead the Compliance Process:
•Serving as a line of defense to effectively protect the organization from financial, legal or reputational damage
•Serve as a point of contact with stakeholders and regulatory bodies
RELATED YEAR OF EXPERIENCE
Min of 10+ years of experience in compliance.
YOE IN MANAGERIAL POSITION
Min of 2+ years of managerial experience
FIELD OF EXPERIENCE
Public Joint Stock Companies. Real Estate, Big 4 Consulting
TECHNICAL AND INTERPERSONAL SKILLS
•Bilingual English and Arabic (verbal/ written)
•Strong ethics, compliance and risk management
•Strong interpersonal skills with attention to detail and effective decision-making abilities
•Effective communicator across all stakeholder groups.
•Analytical and critical thinking, with effective written ability
•Advanced presentation skills
QUALIFICATION
•Bachelor’s degree Business/Accounting or Law Degree
•Compliance/ AML internationally recognized certification
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