Compliance Coordinator.

Position Overview: The Compliance Coordinator in Real Estate is responsible for ensuring that the real estate company complies with all relevant anti-money laundering laws and regulations. This profile will develop, implement, and maintain policies and procedures to prevent, detect, and report money laundering activities and suspicious transactions. This role requires a thorough understanding of the UAE's regulatory framework, risk management, and best practices in anti-money laundering compliance and good understanding of generating and monitoring “Contracts”.

Key Responsibilities:

Policy Development and Implementation:

• Develop and update AML policies and procedures in line with UAE regulations and international best practices.
• Ensure effective implementation of these policies across the organization.

Risk Assessment and Management:

• Conduct regular risk assessments to identify potential AML risks in the real estate sector.
• Develop and implement strategies to mitigate identified risks.

Monitoring and Reporting:

• Monitor transactions for signs of money laundering activities.
• Investigate suspicious activities and prepare reports for submission to relevant authorities.
• Maintain records of all transactions and reports in compliance with regulatory requirements.

Training and Awareness:

• Develop and deliver training programs for employees on AML regulations and the importance of compliance.
• Ensure all staff are aware of their responsibilities regarding AML compliance.

Regulatory Compliance:

• Stay updated with changes in AML laws and regulations in the UAE.
• Ensure the company’s AML policies are in compliance with the latest regulations.
• Liaise with regulatory bodies and respond to their requests and inquiries.

Audit and Review:

• Conduct regular audits of the AML compliance program to ensure its effectiveness.
• Review and update AML policies and procedures as necessary.

Collaboration:

• Work closely with other departments, such as legal, finance, and operations, to ensure a comprehensive approach to AML compliance.
• Coordinate with external auditors and regulatory bodies during inspections and reviews.

Contracts:

• Ability to create and proof-read contracts and apply legal logic to amend the contracts.

Qualifications:

• Education: Degree or Certification in AML (such as ACAMS) is preferred.
• Experience: Minimum of 1-2 years of experience in AML compliance, preferably within the real estate sector or financial services.
• Experience in dealing with KYC, EDD understanding, Sanction Screening Knowledge.
• Preferably with Banking experience.
• Experience with Client on-boarding
• Language: Excellent command of English (Fluency in Arabic will be an added advantage).

Salary:

• AED 4000 - 6500 plus quarter bonus
• Employment visa/Labor card
• Medical insurance
• Annual ticket allowance

This vacancy needs to be filled immediately so candidates should only apply if they are able to join immediately.