ABOUT THE ROLE

The Risk & Compliance Manager will be responsible for developing, implementing, and maintaining comprehensive compliance policies and procedures to ensure adherence to regulatory requirements and industry best practices. This role will also identify and mitigate risks associated with precious metals trading, ensuring the company's operations are compliant with UAE laws and regulations.

Compliance:

• Develop and implement compliance policies and procedures, vetting of contractual agreements (banks, counterparts, suppliers etc)

• Conduct regular compliance reviews and audits • Provide guidance and support to staff on compliance matters

• Conduct investigations into compliance breaches and take corrective actions

• Ensure company-wide adherence to DMCC regulations, UAE Federal Laws, AML/CFT guidelines, and international compliance standards relevant to commodity trading.

• Responsible for all KYC checks on current and potential counterparts.

• Responsible for all audits conducted by any UAE / MOE / DMCC authorities

• Ensure filing bi-weekly/monthly DPMSR reports with the AML authorities

Risk Management:

• Identify and assess risks associated with precious metals trading

• Develop and implement risk mitigation strategies

• Monitor and report on risk exposure

Regulatory Compliance:

• Ensure adherence to UAE regulatory requirements, including AML/CFT laws

• Register with the UAE Financial Intelligence Unit's goAML Portal

• File Suspicious Activity Reports (SAR) and Suspicious Transaction Reports (STR)

• Manage and maintain up-to-date compliance records, registers, and documentation for regulatory inspections.

• Conduct ongoing monitoring of transactions in accordance with the company’s policies and coordinate with counterparties and potential clients on compliance matters.

• Lead and support the drafting, enhancement, and implementation of internal compliance policies, SOPs, and governance frameworks.

• Actively contributes to the effective implementation of the company's Compliance framework.

Training and Awareness:

• Provide regular training to staff on compliance and risk management

• Ensure staff understand AML/CFT regulations and red flags

• Collaborate cross-functional to ensure smooth implementation of new compliance practices and regulatory updates

• Report regularly to the senior management including Business Unit Head / Managing Director