Compliance Officer

Compliance Officer

The Compliance Department at Millennium serves to adopt, implement, and carry out a Compliance program, including policies and procedures, processes, systems, controls, surveillance, testing and reporting, which is designed to prevent or detect violations of applicable laws, rules and regulatory requirements and Firm policies. We are currently seeking a Compliance Officer to join our DIFC office.

Principal Responsibilities

• Provide on desk Compliance coverage for trading teams
• Timely and accurate investigation and disposition of market abuse and communications surveillance alerts and reports
• Identification and escalation of potentially suspicious order, trade and communications activity.
• Conducting ad hoc reviews and analysis of activity to identify potentially suspicious activity and/or patterns or repeated activity
• Monitor and analyse the impact of compliance and regulatory developments in the UAE, including the DIFC
• Assist in alert calibration testing for new and existing alert types, ensuring any proposed changes/enhancements to alerts are delivered as expected. These should be aligned with UAE rules, regulations and laws.
• Assist in the maintenance of the Firm’s compliance program
• Assist in the administration and review of compliance certifications, which may include sensitive information relating to conduct
• Assist in improving the accuracy and efficiency of Compliance processes
• Assist in maintenance of procedure manuals as and when required
• Conduct KYC on client files as needed
• Assist in the preparation of compliance trade reports and presentations for management
• Provide support for regulatory examinations, internal investigations, regulatory inquiries, and internal and external audits and inspections
• Assist in preparation and maintenance of compliance training
• Schedule and maintain Compliance logs and materials
• Participate in working groups and other projects as needed
• Keep current on recent compliance and regulatory issues, trends, and upcoming developments, including obtaining and making appropriate use of any findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions issued by the UAE government, any UAE government department, the FIU and any UAE enforcement agency, the Financial Action Task Force, the DFSA and the United Nations Security Council

Qualifications/Skills Required

• Experience at a regulatory authority or in the Compliance department of a financial services company
• Strong knowledge of trading in a variety of asset classes, including commodities
• Demonstrable experience working with trade and communication surveillance systems and alerts and investigating associated conduct issues
• Must be able to quickly grasp an understanding of alert triggers and trading behaviour
• Must be able to prioritize in a fast moving, high pressure, constantly changing environment, and high sense of urgency
• Ideally have experience in compliance monitoring
• Strong attention to detail and accuracy essential as well as organization skills
• Strong communication skills and outstanding verbal and written communication skills, with poise and confidence to interact with internal clients at all levels
• Good team player with a strong willingness to participate and help others in the Compliance team