Analyst - Financial & Cyber Crime Prevention

The FSRA is the competent authority for administration of the legislation related to the prevention, detection and enforcement of financial crimes including in particular Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF) as well as cybercrime within the ADGM. The FSRA is also the responsible authority for tax matters that includes but not limited to FATCA and the OECD Common Reporting Standard.

The Financial & Cyber Crime Prevention Department (hereinafter referred to as the “Department”) sits within the FSRA and is responsible for the:

• Development and establishment of sound practices in AML-TFS and cybercrime prevention compliance which aims to protect ADGM from Money Laundering (ML), Terrorism Financing (TF), Proliferation Financing (PF) risks and cyber threats and crimes.
• Contribution towards the national AML-TFS, cybercrime prevention and international tax compliance agenda.
• Monitoring of domestic and international development in financial and cybercrime prevention as well as international tax reporting obligations to ensure the existence of a robust and effective prevention framework aligned with international best practice and UAE federal laws.
• Represent ADGM and FSRA at national and international forums, meetings and conferences related to financial and cyber-crime ▪ Management and handling all aspects related to ADGM’s international tax reporting obligations including FATCA and CRS.
• Oversight of all entities regulated by the FSRA to ensure they meet their obligations under the international tax compliance regimes.
• Increase of awareness within the ADGM community and fostering a deeper understanding of financial and cybercrime risks, as well as international tax compliance facilitating a culture of vigilance and adherence to regulations.

Strategic responsibilities:

• Assist in ensuring uniformity and coherence of AML, sanctions, international tax reporting requirements, cyber security, regulation, and supervision across ADGM.
• Assist in ensuring compliance with international best practices in relation to AML and Financial & Cyber Crime Prevention by contributing to the development of policies, frameworks, and supervisory approaches that reflect evolving global standards and regulatory expectations.
• Assist in the implementation of the National Action Agenda, including contributions to key initiatives such as the National AML/CFT Strategy, National Risk Assessment (NRA), and FATF Mutual Evaluation preparations.

Operational responsibilities:

• Assist Provide guidance on and support to ADGM teams e.g. including the supervision /authorisation/ registration in related to AML and financial crime prevention.
• Assist with developing guidelines notice in relation to financial crime risk.
• Assist in monitoring national and international policy developments around AML and international tax cooperation and propose courses of action for ADGM in accordance with these developments.
• Assist in monitoring all the sanctions alerts and notifications received from EOCN (e.g., draft and circulate email to all RP’s and publish notices).
• Support in the organisation and conduct of supervisory activities with respect to AML and Financial Crime Prevention, in cooperation with the supervision teams within the FSRA & RA.
• Manage the goAML registration process for ADGM licensed firms, including monitoring and updating the internal tracking log and coordinating with the relevant teams or firms to ensure timely follow-up and necessary action is taken.
• Assist with the design and produce written reports concerning financial & cyber-crime themed, and desk-based assessments and reviews.
• Assist in internal and external training and awareness sessions.
• Support FCCP with an implementation plan to roll out the FATCA and CRS compliance programme within ADGM.

Education

• Minimum bachelor’s degree in finance, Business, Economics or Law. A post graduate degree in a field relevant to financial crime would be seen as an advantage
• Relevant Professional Certifications (e.g. ACAMS, CFE, etc)

Work Experience

• Minimum 2 years of experience in the AML, compliance, and sanctions regulatory related matters.
• Good understanding of the UAE’s AML/CFT and tax transparency frameworks.

Essential

• Understanding of financial crime related matters.
• Experience in the regulation or supervision of financial crime for FIs, VASPs & DNFBPs.
• Knowledge of financial services, commercial or corporate laws and regulations.
• Familiarity with risk assessments and methodologies.
• Good stakeholder management skills, both internally and externally.
• Effective negotiation skills.
• Good communications skills both in writing and orally.
• Ability to work under pressure and meet tight deadlines.
• Proficient command of English.
• Aability to draft and deliver internal and external communications in English.
• Maintain the confidentiality, integrity, and availability of ADGM information at all times, both internally and externally.
• Understand, adopt, adhere and practice responsibilities or controls as per ADGM Code of Conduct, HR Policy, and any other internal ADGM policy or guidance as applicable.

Desirable

• Understanding of Arabic culture.