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CHIEF COMPLIANCE OFFICER & MLRO
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- Ensure compliance with the guidelines issued by the Central Bank of the UAE (CBUAE), the Reserve Bank of India (RBI), and the Corporate Office with respect to AML/KYC and regulatory requirements.
- Monitor the conduct of business to promptly identify and address any breaches of regulatory or internal compliance requirements.
- Liaise with relevant regulatory and statutory authorities (including the CBUAE and FIU) and represent the territory on compliance and AML matters.
- Investigate suspicious transactions and, where required, file Suspicious Transaction Reports (STRs) with the local authorities within the prescribed timelines.
- Submit the monthly Compliance Certificate to the Group Chief Compliance Officer at the Corporate Office, reflecting the factual status of KYC/AML/OFAC compliance in the territory.
- Act as the nodal officer for preparing analytical data on AML and regulatory compliance issues for senior management, and exercise adequate oversight.
- Ensure that transaction monitoring alerts are cleared on a daily basis, and verify at least 5% of alerts on a random basis.
- Periodically review transaction monitoring scenarios to assess the effectiveness of the system.
- Conduct Compliance Quality Assurance Tests, prepare reports, and develop action plans with timelines to address identified gaps.
- Establish and maintain compliance and AML policies to be followed by all employees in the territory.
- Review and update KYC, AML, and other compliance policies periodically to reflect local laws and regulatory updates.
- Ensure that records are maintained in accordance with compliance and AML policies.
- Ensure that existing and proposed data processing and information systems support compliance requirements, and assist in their continuous review.
- Organize and oversee training programs in coordination with the HR Department to ensure employees are aware of and understand their compliance and AML responsibilities.
- Coordinate with the Corporate Office compliance team in India
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