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Compliance Manager, Assistant Vice President, State Street Global Advisors

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State Street

Jan 7

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • Dubai
  • Quick Apply

AI generated summary

  • You should have UAE AML knowledge, DFSA/FSA filings experience, asset management background, strong collaboration skills, fiduciary awareness, attention to detail, and a proven compliance program track record.
  • You will support Compliance and FCC programs, assess risks, advise the business, monitor compliance, manage policies, conduct training, prepare reports, and engage with regulators.

Requirements

  • Knowledge of the UAE Federal AML and DFSA or FSRA regulatory regimes and strong regulatory interpretation skills
  • Knowledge of regulatory requirements and filings for the Dubai Financial Services Authority (DFSA)
  • Asset Management firm/Funds experience would be an advantage
  • Strong ability to work independently while also collaborating effectively as part of a team when needed
  • Fiduciary awareness
  • Detail oriented
  • Proactive, growth mindset
  • Strong critical thinking, problem solving and decision making skills
  • Proven track record of developing and implementing compliance programs

Responsibilities

  • To support the successful design and execution of the Middle East Compliance and Financial Crime Compliance program.
  • Assist the Middle East Compliance team in the assessment of Compliance and FCC risks.
  • Contribute to the execution and delivery of the regulatory compliance oversight programme for Middle East legal entities, ensuring compliance with the Dubai Financial Services Authority (DFSA) and Capital Market Authority (CMA) rules.
  • Assist in the design and oversight of the compliance monitoring programme in delivering a robust and comprehensive monitoring and surveillance plan for Middle East entities.
  • Develop and maintain good working relationships with the Middle East business (first line) where required, providing advisory support to assist with regulatory or AML queries, and ensuring closure of any Compliance issues within a timely manner.
  • Act as Compliance and AML representative in governance committees and forums and deputise for the registered Compliance Officer and MLRO where required.
  • Produce written reports for Senior Management on the delivery of the Compliance and AML programme, indicating progress achieved and any significant matters requiring attention.
  • Work closely with Legal to provide advice to the business on regulatory requirements related to sales and distribution and outsourcing, taking a proactive role in driving new business initiatives.
  • Identify training needs and facilitate successful implementation of Compliance and AML training and education for all relevant staff within the Middle East business lines.
  • Ensure the effective management of the local Compliance policy framework including review and input to regional/global policies, communication of policies and their key requirements to staff as required.
  • Conduct regulatory horizon scanning and provide guidance on regulatory implementation.
  • Participate in and attend external regulatory forums and groups to engage with peers and industry bodies and the regulatory authorities on forthcoming regulatory change. Ensure that the outcome of such meetings are communicated to the relevant stakeholders.
  • Participate in client due diligence responses including Request for Proposals/Information, due diligence questionnaires, as well as presenting on the Compliance oversight programme in client due diligence meetings.
  • Assist in governance activities and contribute in the review of relevant materials e.g. new product or jurisdictional approval processes.
  • Assist in the preparations for regulatory inspections, regulatory submissions and regulatory reporting.

FAQs

What is the location of the Compliance Manager position?

The Compliance Manager position is located in Dubai, United Arab Emirates.

Who will the Compliance Manager report to?

The Compliance Manager will report to the Vice President, Head of Compliance & MLRO, with a dual reporting line to the Senior Executive Officer of State Street Global Advisors Limited at the DIFC branch.

What are the main responsibilities of the Compliance Manager?

The main responsibilities include assisting the Middle East Compliance Team with compliance and AML support, promoting a culture of compliance, providing day-to-day support, and serving as the Deputy Money Laundering Reporting Officer.

What specific duties will the Compliance Manager have?

Specific duties include supporting the design and execution of the compliance program, conducting risk assessments, delivering oversight programs, producing reports for senior management, and managing the compliance policy framework.

What skills are required for this Compliance Manager role?

Skills required include knowledge of UAE Federal AML, DFSA regulatory regimes, asset management experience, detail orientation, strong critical thinking, problem-solving skills, and a proven track record of developing compliance programs.

Is there a focus on regulatory compliance in this position?

Yes, there is a significant focus on regulatory compliance, including the assessment of compliance risks, executing regulatory oversight programs, and ensuring adherence to DFSA and CMA rules.

Will the Compliance Manager participate in external regulatory forums?

Yes, the Compliance Manager will participate in and attend external regulatory forums and groups to engage with peers, industry bodies, and regulatory authorities.

Does this role involve training and education responsibilities?

Yes, the Compliance Manager will identify training needs and facilitate the implementation of compliance and AML training for relevant staff.

What is the importance of developing relationships with the Middle East business in this role?

Developing relationships with the Middle East business is important for providing advisory support, resolving compliance issues, and ensuring timely closure of compliance matters.

Is there an expectation to produce written reports for Senior Management?

Yes, the Compliance Manager is expected to produce written reports indicating progress on the Compliance and AML program and highlighting any significant matters requiring attention.

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