Compliance Officer & MLRO

About Wahed Invest Limited:

Wahed Invest Limited is authorized and regulated by the FSRA to conduct regulated activities in or from ADGM as an Islamic Finance Business with a 3C license, which includes:

Shari’a Compliant Regulated Activities

Managing Assets

Arranging Custody

• Take full responsibility for maintaining regulatory licenses and fulfilling compliance deliverables in the UAE concerning the investment business and 3C license, ensuring full adherence to FSRA and ADGM guidelines.
• Provide compliance advisory support to the business, ensuring adherence to regulatory requirements, permissible activities, and product development.
• Conduct comprehensive compliance risk assessments, monitoring, and testing to evaluate the effectiveness of internal policies, procedures, and guidelines.
• Report compliance risks and findings regularly to executive management and escalate material concerns to the Board of Directors when necessary.
• Act as the primary liaison with the FSRA on compliance-related matters.
• Develop, implement, and update compliance policies, procedures, and frameworks to prevent illegal, unethical, or improper conduct.
• Oversee the day-to-day implementation and operation of the compliance framework.
• Actively apprise local updates with the group compliance team.

• Identify and assess compliance risks associated with the Firm’s existing and future business activities, including new products, business relationships, and international expansion.
• Collaborate with Risk Management, Shariah and Legal teams to direct compliance issues to the appropriate channels for investigation and resolution.
• Develop written compliance guidelines for employees and service providers, ensuring clarity on the implementation of laws, regulations, rules, and standards.
• Maintain a centralized inventory of essential laws and regulations, ensuring accessibility and regulatory compliance for all staff.
• Establish and supervise compliance checks and internal controls.
• Address any compliance audit findings and lead remediation activities.
• Review and provide compliance approval for marketing material that goes out on various platformsFacilitating resolution of client complaints
• Assist the Risk officer for the quarterly risk committee meetings and ensure updates are provided on GRC tool Archer. 

• Act as the Money Laundering Reporting Officer (MLRO), overseeing all KYC/AML obligations in line with FSRA regulations.
• Ensure full compliance with AML/CFT requirements, including transaction monitoring, suspicious activity reporting, and regulatory obligations.
• Conduct and oversee customer due diligence (CDD), enhanced due diligence (EDD), and sanctions screening at the onboarding stage and ongoing monitoring.
• Ensure timely submission of all regulatory returns, statements, and reports.
• Centralize compliance-related information, including breaches of regulation, conflicts of interest, and internal violations.
• Develop and enforce a robust framework for handling regulatory violations and investigations.
• Promote a strong compliance culture within the firm through training and awareness programs.

• Oversee regulatory inspections ensuring timely resolution of findings and implementation of necessary corrective actions.
• Act as the Company Secretary for the firm and ensure effectiveness of the Board. Also, conduct Board meetings in a timely and efficient manner and ensuring that all significant aspects of business are apprised to the Board.

• 5-6 years of experience in Compliance within the financial services sector in the region.
• Minimum 2-3 years of experience in ADGM and FSRA regulatory compliance.
• Candidates with global compliance experience are preferred but not essential.
• Strong knowledge of FSRA regulations, AML/KYC frameworks, and investment business compliance.
• Ability to liaise with regulators, manage compliance risks, and implement effective compliance frameworks.
• Strong analytical, communication, and stakeholder management skills.