Company Profile

Shuraa head-quartered in Dubai is a Management Consultancy, operating for over 20 years in UAE. We serve our clients with all their business set up requirements ranging from issuance of trade license, to accounting services, legal services, recruitment and so on. This serves as a one-stop shop solution to our clients. Over the period of time, we have expanded our presence vertically as well as globally, serving our operations not limited to UAE market, but also India, UK and Bangladesh. For more details you can explore our company website.

Job Brief

Shuraa is currently hiring for an AML Compliance Officer to join us. The objective of the role is to ensure internal compliance to policies and procedures, as well as handle external regulatory and legal obligations.

Job responsibilities

• Develop update and maintain the AML policy and standards.

• Responsible for the firm's compliance with Regulator's rules on systems and controls for the prevention of money laundering, financial sanctions, tax invasion and anti-bribery and corruption on all products and services.

• Liaise with clients and investors to obtain all AML documentation and undertake assessments and reviews of transactions and client onboarding.

• Assist in the identification of rules and regulations on an ongoing basis and assess applicability in relation to Shuraa group of companies.

• Assist with monitoring and providing assurance that internal compliance policies and procedures are complied with.

• Carrying out compliance risk management with a view to prevention and ensuring first and foremost that external regulations are constantly monitored and adequately translated into internal guidelines, processes, and procedures.

• Performing the daily compliance & AML activities assigned.

• Supporting in the prior compliance & AML assessment of all innovative projects/products.

• Provide support to ensure the adequacy and application of internal processes and procedures in accordance with external and internal regulations by the business and corporate units.

• Perform operational activities in connection with legally required activities and preparing reports and communications.

• Prepare periodic reports concerning the adequacy of the compliance policies and mechanisms.

• Support in assessing transactional due diligence processes and take actions based on the assessment outcomes.

• Support in reviewing the establishment or the maintenance of new/existing business relationships.

• Making clients aware of the compliance practices of UAE.

Job Requirements

• Minimum 1-2 years’ work experience as Compliance Manager or Compliance Officer.

• Qualification: Bachelor’s or Master’s degree in Finance, Accounting, or another closely related field.

• Must hold sound knowledge of anti-money laundering (AML) legislation.

• Strong analytical, research skills and decision-making ability.