Risk and Compliance Officer MLRO

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.

Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

RISK AND COMPLIANCE OFFICER AND MLRO

Role Location: Abu Dhabi

Employment Type: Permanent

Reporting line: Reports into the Head of Compliance – UAE

Role and Responsibilities include:

Setting, establishing and monitoring adherence to processes, policies and procedures to meet -risk, compliance, legal and regulatory requirements.

Responsibilities:

RISK OFFICER

• Oversight, management and reporting of the risks within the business, including regulatory risks;
• Support and oversight of the effective implementation of the Apex Group Risk Management framework in line with best practices and regulatory expectations;
• Support and oversight of the adoption and implementation of related policies, procedures, systems, and controls;
• Support and oversight of Incident Management, including escalation, recording and reporting;
• Support and oversight of the implementation and monitoring of risk appetite and aligned risk metrics related to the business activity and methodologies;
• Oversight, monitoring and review of Entity level risk assessment and Entity risk and control profile (register);
• Represent the business at the Entity Audit and Risk Committee, including Incident Reporting and effective Oversight;
• Outsourcing monitoring and effective oversight of outsourced activities;
• Building risk awareness amongst staff by supporting Risk training initiatives.
  
  

COMPLIANCE OFFICER and MLRO

• Overseeing licensing requirements and regulatory obligations while ensuring that compliance activity takes account of all relevant legislation and SCA related activities;
• Preparing and submitting reports to regulatory authorities and handling communications and requests from the Regulator(s) as required;
• Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions described by the Regulator;
• Keeping up-to-date with all relevant laws and regulations and communicating regulatory changes and developments to senior management and staff;
• Review of the compliance and internal control framework and ensuring that they are in adherence with the firm’s and Apex Group’s Policies and Procedures and all applicable legislation;
• Ensuring the effective implementation of the Compliance Monitoring Programme and performing monitoring activities;
• Ensuring that non-compliant findings are tracked with the respective business function managers until resolved;
• Preparing and submitting Compliance and AML reports to management and various committees and governance structures within the Apex Group;
• Providing advice, and assistance where relevant, to senior management and staff on Apex Group compliance-related matters;
• Maintaining a register of complaints, conflicts of interest, compliance and data breaches, and actively manage adherence to the complaints process and mitigation of breaches;
• Preparing training material and deliver training in Compliance and AML matters;
• Acting as the Firm’s MLRO, establishing and maintaining the Firm’s Anti Money Laundering policies, procedures, systems and controls in compliance with the Regulatory Anti Money Laundering rules and all relevant legislation applicable in the jurisdiction and Group Apex Policies;
• Assuming the role of Deputy MLRO for Apex Group entities within the UAE as required.
• Performing requisite AML-related risk assessments and due diligence checks;
• Monitoring suspicious transactions, identify potential sanctions and submit reporting as required;
• Reporting to and liaising with the SEO, Head of Compliance – UAE, Regional Compliance Officer – Middle East and the Board as required, on Compliance and AML-related matters; and
• Promoting a positive compliance culture through engagement with staff via training and mentorship.
  
  

DATA PROTECTION OFFICER

• Act as the contact person for all Data Subjects and with the relevant Data Protection Commissioner;
• Keeping up-to-date with the relevant data protection regulations;
• Monitor the Firm’s compliance with the Data Protection Law and any other data protection or privacy-related law or regulation;
• Advise in relation to the Firm’s data protection impact assessment(s) and data matrix;
• Analysis of cross border transfers of confidential information;
• Analysis of privacy aspects in all relevant procedures and policies applied by the Firm;
• Analysis of data events and breaches;
• Implementation of Apex Group’s Data Privacy and Data Protection Policy
• Providing guidance to senior management and employees on data protection-related matters; and
• Maintaining firm records and registers as required.
  
  

Requirements:

• UAE Resident.
• Financial services experience of 5 to 7 years working within a regulated financial environment.
• Understanding of the relevant regulations in Abu Dhabi and International AML Laws.
• Relevant professional qualifications e.g. AML, CDD, Compliance, Risk, or equivalent.
• Experience in Customer Due Diligence (CDD/KYC) on various international corporate structures and risk profiles.
• Excellent communication and organisational skills.
• Solutions driven critical thinking team player, with the ability to adapt to change.
• The ability to speak Arabic would be advantageous.
  
  

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.