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Associate - Compliance Solutions

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Waystone

2mo ago

  • Job
    Full-time
    Mid Level
  • Legal
  • Dubai
  • Quick Apply

AI generated summary

  • You need 3 years in Compliance/AML or regulators, a degree, and to obtain an AML/Compliance certificate within 3 months. Must thrive in a fast-paced environment.
  • You will analyze compliance requirements, support clients, manage KYC processes, maintain policies, prepare reports, ensure regulatory submissions, and assist with training and client onboarding.

Requirements

  • Experience:
  • The Associate must have a minimum of 3 years’ experience either in Compliance, AML or at the Regulators and preferably educated to degree standard (or equivalent).
  • An Associate is expected to obtain an AML or Compliance certificate within 3 months of joining.
  • Must be able to work in a fast-paced environment.
  • Education:
  • Internationally 3rd level professional qualification.

Responsibilities

  • Integrity - foster professional and ethical judgement when engaging stakeholders, and instill mutual trust, and confidence.
  • Strong attention to details and keen on delivering quality
  • Strong interpersonal and communication skills (both written & verbal);
  • Relationship Management - Provide service excellence to internal and/or external clients
  • A team player, enthusiastic, and self-
  • Analytical skills - collect and analyze information, solve problem-solve, and make decisions under minimal
  • Commercial awareness and understanding of business
  • Undertaking the role of Compliance Officer/MLRO and possibly Risk Officer and/or Company
  • Providing day-to-day support to clients and colleagues in executing compliance, and AML
  • Develop, initiate, maintain, and revise policies and procedures to ensure compliance with various regulatory
  • Drafting and/or executing a compliance monitoring and testing program and performing desk-based reviews to ensure compliance with regulatory and internal procedures.
  • Commitment to minimum continuing professional development requirements, in accordance with internal and external standards.
  • Assist and/or providing training on compliance, AML, and corporate
  • Providing outsourcing, authorization, and projects support to ADGM, DIFC, and onshore
  • Ensuring that the regulatory returns and relevant notifications are submitted on a timely basis and acting as a point of contact with the regulator.
  • Undertaking client on-boarding/KYC.
  • Be the first point of contact for internal suspicious activity reports and when submitting external suspicious activity reports to the financial intelligence unit and regulator.
  • Manage client’s ;
  • Attending and contributing to internal
  • Working with senior staff in investigating and responding to raised compliance risk management issues and preparing routine correspondence.
  • Assisting in promoting the firm at various industry and promotional events or producing certain
  • Keeping abreast of relevant laws and
  • Commitment to continued learning, remaining well-informed regarding internal standards, and business goals/knowledge sharing.
  • Responsible for maintaining timesheets daily and are expected to meet certain targets on a weekly basis, as set by management.
  • Responsible for maintaining, keeping up-to-date, and accurate client

FAQs

What is the primary role of the Associate - Compliance Solutions at Waystone?

The primary role of the Associate - Compliance Solutions is to assist clients in navigating the complex regulatory environment by providing compliance and AML support, developing policies and procedures, managing client onboarding, and ensuring timely submission of regulatory returns.

What kind of experience is required for this position?

The position requires a minimum of 3 years’ experience in Compliance, AML, or at regulatory bodies, with a preference for candidates educated to degree standard or equivalent.

Is there a certification requirement for this role?

Yes, the Associate is expected to obtain an AML or Compliance certificate within 3 months of starting the role.

What skills are essential for the Associate - Compliance Solutions position?

Essential skills include strong attention to detail, excellent interpersonal and communication skills, analytical skills, relationship management, and commercial awareness.

What are the typical duties of the Associate in this role?

The duties include providing client support, drafting compliance monitoring programs, maintaining policies, conducting KYC processes, and being the first point of contact for suspicious activity reports.

How does Waystone support the professional development of its employees?

Waystone emphasizes a commitment to continued learning, requiring employees to meet minimum continuing professional development requirements in accordance with internal and external standards.

What type of work environment can be expected in this role?

The Associate is expected to work in a fast-paced environment, collaborating closely with team members and clients.

Are there any specific educational qualifications required for the Associate position?

Yes, candidates are required to have an internationally recognized third-level professional qualification.

What is the importance of maintaining timesheets in this role?

Maintaining accurate timesheets is important as the Associate is expected to meet certain productivity targets weekly as set by management.

Is experience in financial intelligence units or regulators advantageous for this position?

Yes, experience at regulators or financial intelligence units is preferred as it can enhance the candidate's qualifications for the role.

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Waystone

Providing certainty in your world

Finance
Industry
1001-5000
Employees
2000
Founded Year

Mission & Purpose

Waystone is a leading global provider of institutional governance, administration, risk and compliance services to the asset management industry. Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.