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Legal & Compliance Counsel

Robert Half

Job description / Role

The Company
Robert Half are working with a well-established Dubai entity in their search for a Legal & Compliance Counsel. This is a fantastic opportunity to work for a reputable, stable and growing business.

Key Responsibilities.
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 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
* Candidate

* Minimum of 5 years of post-qualified Experience
* English language is mandatory, Arabic is preferable.

Package

* 35,000aed per month DOE

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