Compliance Analyst

at  SR Jewellers LLC

Primary Responsibility
1. Monitoring - Monitor transactions for suspicious patterns and report suspicious activity to authorities. And also Monitor operations for Compliance risks and violations.
2. Documentation: Review account opening/know your customer (KYC) documentation, conduct quality client due diligence factoring AML/CFT and sanctions risks, liaise with clients and audit team to ensure quality of KYC forms and documents. Document on-boarding decisions for reviewed clients, escalate sanctions matches that have been identified and perform EDD for account opening for increased risk and Politically Exposed Persons (PEP) customers to ensure compliance with regulatory requirements.
3. Data Analysis - Conduct compliance risk assessments and develop corrective action plans. Ensure timely and accurate reporting to regulatory authorities. Coordinate regulatory inspections and audits, address findings or recommendations. Manage client agreements and related KYC and documentation. Perform monitoring activities as per Onboarding Guidelines and KYC requirements.
4. Sourcing Standards – Adherence to ethical sourcing practices, including conflict free Jewelry, Diamonds and Precious metals.
5. Anti Money Laundering (AML) – Ensuring Compliance with AML regulations for transactions and also the knowledge of CDD/EDD and submitting reports on Go AML Portal, Updating AML Survey.
6. Knowledge of Sanctions, Screening software.
Skills and Qualifications:
1. Bachelor’s Degree in Administration, Business, Finance or a related field.
2. Master’s degree or Professional Certification in Compliance courses i.e. CAMS or ICA (not mandatory) however preferable.
3. Minimum of 2 years of experience in compliance with customers screening and also KYC or a similar regulatory role, preferably in jewellery and precious metals industry.
4. In depth knowledge of regulations governing the jewellery and Precious Metal industry (e.g. AML, conflict-free sourcing, etc.)
5. Strong understanding of corporate governance, ethical business practices and Risk management principles.
6. Excellent communication and decision- making skills.
7. Professional Level knowledge of Excel, Abode (PDF), Word.
Job Types: Full-time, Permanent
Pay: AED4,000.00 - AED5,000.00 per mont

Please refer the Job description for details