Compliance Advisor (Remote, Lahore, PKR Salary)
HR POD Careers
Date: 1 day ago
City: Lahore
Contract type: Full time
Requirements:
- A university graduate in Finance and Accounting/ Law.
- Professional certification in AML and compliance.
- 2+ years of relevant work experience.
- Experience in the UAE will be an added advantage.
- Proficient in UAE VAT and Tax Computations.
- Quality standards, quality assurance policy, and procedure.
- Good understanding of accounting and financial reporting principles and practices.
- Good understanding of UAE VAT regulations, AML, and regulatory law.
- Proficient in English
- Perform comprehensive risk assessments to evaluate clients' risk levels, significance, and scope.
- Develop, implement, and regularly update policies, procedures, and controls to mitigate risk exposure and ensure compliance.
- Draft, update, and implement KYC/CDD measures, including performing KYC, KYB, KYS, KYE, screening, and other compliance checks during client onboarding and as needed.
- Review internal rules and procedures to ensure alignment with applicable laws and propose necessary updates and developments.
- Act as the Compliance Officer in accordance with applicable regulations, including responsibilities related to AML/CFT and ESR services such as assessments, notification submissions, and report preparation.
- Review, scrutinize, and analyze records and data related to suspicious transactions, and make informed decisions on whether to notify the FIU or maintain the transactions with justified reasoning, ensuring full confidentiality.
- Prepare and submit suspicious transaction reports and regular compliance reports to relevant authorities and clients.
- Investigate irregularities and non-compliance issues, highlight areas of concern, and propose effective solutions.
- Monitor, review, and analyze compliance risks to ensure adherence to applicable legislation and regulations through effective processes, systems, and controls.
- Coordinate with internal and external parties to facilitate regulatory compliance and fulfillment of all requirements.
- Maintain and update statutory registers for clients.
- Prepare, execute, and document ongoing training and development programs for clients on compliance matters, with a strong focus on AML/CFT.
- Educate clients on regulations and the organizational impact of non-compliance.
- Collaborate with Supervisory Authorities and the FIU by providing requested data and granting access to necessary records and documents for audit or inspection purposes.
- Stay informed on relevant laws, regulations, guidance, sanctions, directives, and resolutions applicable to the client's operations.
- Conduct compliance gap analyses and contribute to the establishment of robust and effective compliance control environments.
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