Senior Compliance Director - MENA

Job ID

150848

Posted

14-Jan-2024

Service line

Corporate Segment

Role type

Full-time

Areas of Interest

Legal

Location(s)

Dubai - Dubayy - United Arab Emirates

Job Summary

Responsible for implementing and sustaining the CBRE MENA (“MENA”) regulatory compliance programs and supporting MENA businesses with implementing and sustaining the corporate ethics & compliance program across the region.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Key Tasks

oAssume the role and responsibilities of the Compliance Officer and Money Laundering Reporting Officer as defined in UAE law and guidelines and as applicable to CBRE’s operations in the region.

oImplementing and sustaining regulatory compliance programs in MENA. This includes performing risk assessments, mitigation activities (policies, procedures, controls, training and communications), monitoring, auditing, investigations and remediation of findings, as defined by applicable legislation and guidelines (see below).

oOverseeing the AML investigations program comprised of both automated and manual monitoring processes.

oReviewing, scrutinizing, remediating/mitigating and reporting Suspicious Transaction Reports and other reports pertaining to suspicious activity.

oMonitoring AML risks facing MENA, such as noncompliance with MENA/UAE laws and regulations, and reporting directly to senior management on risk exposure, including through financial crime-related metrics.

oKeeping up to date with any regulatory changes and implementing those changes timely and effectively.

oProviding AML policy advice, guidance, assurance, oversight, and challenge to the first line of defence.

oActing as the primary point of contact with law enforcement agencies for their AML requests and investigations. Liaise with regulators and external bodies on financial crime issues in order to share knowledge, report cases, develop best practices, and where possible, to improve coordination within the financial sector.

oActing as single point of contact for local business leaders on corporate ethics & compliance matters and supporting the “tone at the top” by providing leaders with appropriate support and advice. The role reports on the status of the corporate ethics & compliance program to the Compliance Director, India & Middle East.

oAssisting CBRE’s Field Compliance Officer team with implementing and sustaining the corporate ethics & compliance program across MENA as appropriate. This includes supporting the key elements of an effective corporate compliance program in the region (including CBRE’s Ethics & Compliance risk assessment, Standards of Business Conduct certification, Global policy governance, training to new starters and tailored local training as required, risk-based monitoring and auditing initiatives, and participating in investigations and remediation as required).

OTHER DUTIES AND RESPONSIBILITIES

Communication Skills

oAbility to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.

Knowledge

oRequires in-depth knowledge of financial terms, principles and compliance. Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures. Requires expert level knowledge of global real estate accounting practices and global expertise of Service Organization Controls compliance.

Critical Thinking Skills

oAbility to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.

Other Skills and Abilities

oAdvanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Advanced organizational skills, attention to detail. Ability to work well under pressure with a proactive and hands on approach to routine and non-routine occurrences.

Commitment to Values

Demonstrated ability to adhere to CBRE’s core RISE values and act in line with those values:

oRESPECT – Treat everyone with dignity, value their contributions, and help one another succeed.

oINTEGRITY – Uphold the highest ethical standards in our business practices.

oSERVICE – Dedicate ourselves to making a meaningful impact with our clients and in our communities.

oEXCELLENCE – Aspire to be the best in everything we do and drive for continuous improvement.

RESPONSIBILITY

Supervisory Responsibility

oResponsible for one direct report

Scope of Responsibility

oDecisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve complex results. Responsible for setting project, department and/or division deadlines. Errors in judgment may cause long-term impact to line of business and/or overall company.

EXPERIENCE AND QUALIFICATIONS

QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and Experience

oFour-year and advance degrees with a preference in Law, Accounting, Finance, Business Administration or related field plus a minimum of 15 years professional level compliance, accounting, or legal experience.

oA minimum of 8 years of relevant experience working within a regulate licensed financial institution, a regulatory authority or a law firm handling compliance matters relating to AML in the MENA territory.

oProven and demonstrable knowledge and experience with Regulators, the laws of UAE and regulations/guidelines of the DFSA (direct experience in working representing a company in discussions and interactions with local regulators, and a track-record of bringing regulatory issues to a positive conclusion).

oExperience within the commercial real estate industry is strongly preferred and advantageous.

oExperience of using reporting mechanisms (i.e. GoAml) for FIU submissions.

oAn understanding of AML regulations and legislation within the banking/financial services industry in MENA.

oDemonstrate an understanding of regulatory requirements vs. “best practices” in compliance is critical, coupled with the ability to distil and discern important information from regulatory guidance, statutes and regulations, audit findings, and determine how it impacts the business.

oExcellent written, verbal and interpersonal communication skills and a proven history of working effectively with people at all levels across a decentralised international and matrixed environment.

oProactive, hands on, motivated and solution-oriented, with the ability to work successfully across multiple cultures and with demonstrated success working closely within a team as well as independently.

oPerform and execute to a high standard autonomously with minimal supervision.

oExperience in using Word, Excel, Powerpoint

Professional Certificates/Licenses

oLegal Bar Certified or CPA preferred.

Languages

Fluency in English, verbal and written. Arabic would be advantageous.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)