Compliance Officer

• Develop and execute a comprehensive compliance program.
  
• Draft a proposal for compliance policies and procedures encompassing the institutions activities operations systems and controls.
  
• Update the institutions policies on antimoney laundering and counterterrorism 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 antimoney laundering and counterterrorism financing procedures.
  
• Perform other duties as assigned.
  
  
  

Requirements

• Bachelors degree in law business administration finance accounting economics or related field.
  
• 35 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 antimoney laundering and counterterrorism 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.