Key responsibilities

• Review and update compliance manuals, procedures, and policies to reflect ongoing regulatory changes and best practices in the region.
• Build and maintain strong relationships with regulatory bodies to influence policy direction, obtain necessary licenses and consents, and ensure all required notifications, filings, and returns are completed on time.
• File regulatory returns on a monthly, quarterly, annual, and ad hoc basis, ensuring full compliance with statutory obligations.
• Continuously reassess and re-design the company’s compliance processes to improve risk management and operational efficiency.
• Design and deliver interactive training sessions and internal briefings to keep the team aligned with regulatory requirements and industry standards.
• Support the assessment and selection of third-party providers for customer due diligence processes, ensuring compliance and efficiency.
• Provide regular briefings to the team and senior leadership on regulatory changes and their potential impact on Mamo’s operations.
• Monitor the processes and infrastructure that performs AML/KYC checks and transaction monitoring to ensure compliance with applicable legislation.
• Maintain detailed and accurate records on Controllers, Regulatory Authorized Individuals, breaches, complaints, regulatory communications, and all required documentation.
• Conduct periodic compliance monitoring, delivering comprehensive board reports on system effectiveness and implementing any necessary enhancements.
• Prepare, submit, and present Quarterly Board Returns, providing comprehensive oversight on compliance activities, outcomes, and key regulatory updates to the Board.
• Advise the Board and senior leadership on local regulatory matters, ensuring alignment with current policies.
• Manage internal suspicious activity reports, taking appropriate action and filing external reports with the UAE Financial Intelligence Unit when required.