Legal and Compliance Officer & MLRO



Date posted:

6th September 2018

Employment type:


Job reference:


Staffing area:

Financial Services


The Company

A DFSA regulated investment management business with a multinational presence.

The Role

Legal Support

  • Structuring, development and documentation of new products and the analysis of legal and regulatory issues (with a focus on investment funds)
  • Drafting, negotiating and reviewing contracts and related documents of investment funds (information memorandum, constitution, fund management agreement, investment advisory/management agreement, custodian agreement, administration agreement, registered office and corporate secretary agreement, distribution agreement, Shari'a agreement, etc.)
  • Creating standard agreements, contracts, forms and other templates
  • Coordinating with internal and external stakeholders and external counsel

Compliance & MLRO

The compliance function will oversee the risks in the business and will adopt the following strategy to manage the risks:

  • Monitoring the regulatory environment and ensuring compliance with the Firm's license obligations
  • Implement the compliance and risk procedures provided
  • Monitoring changing regulations and ensuring ongoing compliance
  • Maintaining and updating the compliance procedures manuals and procedures
  • Monitoring outsourcing and delegation arrangements
  • Oversee the client on-boarding process
  • Coordinate the KYC and KYB arrangements
  • Advise on the marketing controls
  • Prepare monthly compliance report to brief the Board on regulatory issues
  • Developing and delivering compliance training for staff
  • Advising staff on regulatory obligations
  • Preparing regulatory submissions, including DFSA risk assessment and DFSA / thematic reviews
  • Maintaining on-going relationship with DFSA to provide requisite notifications and updates, seeking required approvals, and attending periodic compliance meetings
  • Acting as point of liaison for customer complaints
  • Attending Compliance Risk & Audit Committee meetings

The MLRO function includes:

  • Oversight of the Firm's AML systems in or from the DIFC
  • Establishing and updating the AML Policies, Procedures, Systems and Controls (collectively AML Systems)
  • Developing, delivering and maintaining AML Training programme and AML awareness for the Firm
  • Daily operations to ensure compliance with the AML Systems
  • Contact point for all employees for internal reporting of suspicions
  • Take appropriate action when such internal suspicious reports have been received
  • Making external reports to the UAE Anti Money Laundering Suspicious Cases Unit AMLSCU and copies of such notifications to the DFSA
  • Acting as the Firm's contact point on AML with the DFSA
  • Responding promptly to requests for information made by the relevant authorities in the UAE and DFSA
  • Receiving and acting upon findings received by the government or government departments of the UAE including the Central Bank of UAE, the AMLSCU, FATF and DFSA

Salary and Benefits

Market Rate


Dubai International Financial Centre (DIFC)
Gate Village 1, Level 1, Office Unit 104, P.O. Box 482100
+971 (0) 4 382 6700
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