June 23, 2004

Compliance Manager

Agency: Budge Recruitment
£50,000 - £60,000 pa Dubai, Worldwide
Type: Permanent Ref: 3311753

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Our client, a new global jurisdiction for global financial institutions in the Middle East is looking for an experienced Compliance Manager to join their supervision team in Dubai.

The Supervision team will regulate all financial service activities including banking, insurance, market trading activities and investment operations. It will also regulate, within a lighter regime, ancillary service providers. Supervision will be mainly reactive. A particular interest will, however, be taken in compliance with anti money laundering requirements.

Reporting to the Director, Supervision, the successful applicant will:

Supervise ancillary service providers registered in the Financial District, by:
- reviewing returns, including anti money laundering returns;
- dealing with, and evaluating the implications of, changes of control and other changes affecting the firm's business;
- becoming and remaining informed on the business conducted by ancillary service providers in the centre;
- responding to information received;
- conducting on-site visits as necessary;
- Develop supervisory processes and policy for ancillary service providers.

There may also be opportunities to becoming involved in the supervision of insurance brokers and managers.

Qualifications and Experience
The successful candidate is likely to have a relevant degree, with 5+ years experience in or related to financial services. Ideally this
would include some regulatory or compliance experience.

This is a fantastic opportunity to join a very exciting project in Dubai where you will pay no tax and the sun shines for 365 days a year. Visit the Budge Recruitment website for more information.

For the best Job Opportunities in the Middle East visit:
http://www.el-shella.com/jobs/

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