Senior Analyst Compliance

at  Dubai Gold and Commodities Exchange

QUALIFICATIONS:

• Minimum qualifications shall be a bachelor’s degree in commerce, accounting, management or law.
• Compliance and AML certifications and work experience are an added advantage.
• At least 4 years of experience in the compliance department of an international financial institution.
• Experience in capital markets, futures/options markets, or a commodities market is desirable.
• Experience in working closely with any financial regulators.
• Good understanding of financial and AML regulations.
• Good understanding of balance sheets and corporate governance.
• Excellent communication in English, verbal and written.
• Excellent communication in Arabic, verbal and written is desirable.
• Ability to develop and present clear analyses and co-ordinate effectively internally and externally with stakeholders.

ROLE SUMMARY:

The post holder will deal with compliance issues related to the Exchange and its Clearinghouse and provide full support in handling all related functions and tasks within the Compliance Department. The position requires continued interaction with the Regulator and Members to manage compliance related matters/findings.

RESPONSIBILITIES:

• Carry out due diligence of potential and existing Member firms.
• Carry out investigations to ‘flags’ raised by online screening tools.
• Ensure Members comply with the ongoing obligations including event driven obligations/submissions to the Exchange and Regulator.
• Identify breaches to the Exchange By-laws by Member firms and ensure that the Members take corrective actions.
• Manage SCA licensing applications to obtain necessary regularly approval.
• Participate in periodic examination of Member firms on annual and/or ad hoc basis, compile observations and prepare reports.
• Monitor and report on the progress of the implantation of Member compliance mitigation plans.
• Support the Compliance Department in implementing the Exchange and Clearing house’s AML Policy and procedures, including conducting requisite KYC checks during Member on-boarding, on-going surveillance, training of Member compliance teams, and in-house AML training for staff.
• Carry out investigations and manage customer complaints.
• Assist in development and implementation of compliance policies and procedures.
• Ensure the Exchange and its Members comply with the requirements as stipulated under FATCA and Common Reporting Standard and liaison with the relevant authorities in this regard.
• Participate in special projects and perform other duties as assigned.
• Assist in managing any issues related to contracts, including managing the filing of all contracts and maintaining a Contract Register.