Description
Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.
- Majid Al Futtaim Holding is seeking a Business Ethics Director (BED) who will serve as Majid Al Futtaim’s internal control point for ethics, anti-money laundering (AML), improprieties, allegations, and conflicts of interest and will provide leadership and advice on ethics issues.
- The BED promotes a culture of ethics and compliance within the organization, and plays an integral part in development and implementation of compliance, business ethics, anti-money laundering, and whistleblowing programs as well as in overseeing the execution of these programs. The BED ensures that the organization is adopting proper ethical practices that are in compliance with rules, regulations and leading practices (e.g., UK Bribery Act, UK’s Combined Code) and, that the overall organization behaves in accordance with the established ethical standards. The BED will also serve as a channel of communication to receive serious concerns about danger or illegality and direct resources for investigation and resolution.
- This role serves as an expert advisor to senior management at both the Holding and the operating companies in the development, implementation, and maintenance of company-wide business ethics and the observance of the company’s business ethics and compliance program. The BED must be able to work with C-level executives across Majid Al Futtaim’s operating companies (OpCo).
Job Details – Key Responsibilities and Accountabilities:
Policy and Framework
- Develop, implement, and maintain Business Ethics policies, guidelines, and other relevant ethics-related documentation for the organization (including for example Code of Conduct, Conflict of Interest Policy, Whistleblowing Policy, AML Framework, KYC Framework)
- Develop, implement, and maintain a comprehensive whistleblowing program (including case substantiation, follow-up and Board of Directors reporting)
- Support the development, implementation, and maintenance of a comprehensive compliance program
- Maintain a working knowledge of relevant regulatory issues, of professional or industry substantive codes, and of applicable laws and regulations
- Maintain a working knowledge of relevant business ethics issues, of professional or industry ethics codes, and of ethics conflicts resolution techniques
- Identify, research, and make recommendations on policy and legislative issues for the Board of Directors’ consideration
- Advise the Board of Directors on issues / topics related to ethical matters of relevance to the organization (e.g., conflict of interest, gift rules, AML, and financial disclosure matters)
Report on Compliance Performance
- Establish and monitor controls and key performance indicators (KPIs) for an effective compliance program performance management
- Analyze and report on the compliance program performance (including awareness level)
- Carry-out compliance risk assessment and due diligence covering all areas of the Ethics policies (e.g., Code of Conduct, etc.)
Assessments and due diligences
- In conjunction with Internal Audit, conduct compliance and ethics risk assessments and due diligences covering all the areas of the Code of Conduct
- Conduct investigations and assessment of allegations of ethics violations and report cases to the Board of Directors as needed
Whistleblowing
- Develop, implement, and maintain proper channels for employees to raise serious concerns about danger or illegality (e.g., conduct which has failed, or is likely to fail, to comply with a law, policy, code of conduct; incorrect financial reporting; improprieties in the handling or reporting of money transactions; actions which endanger the health or safety of any individual; damage to the environment; theft or misuse of property or assets; unauthorized use of funds; possible fraud or corruption; discrimination or harassment; breach of fundamental internal control; and departure from professional standards, etc.)
- Develop and maintain confidential procedures for the handling and processing of serious concerns. Provide processes for the confidential hearing of employee
- Conduct investigations. Prepare written investigative reports as necessary
- Manage and coordinate activities of reporting of violations process, including substantiation, assistance, and dispatching of alleged violations
Ethics Culture, Training, and Communication Channels
- Create and maintain ethic culture and environment
- Integrate the corporate ethics message throughout the corporate culture
- Collaborate with business units, and departments (e.g. legal, procurement, internal audit, human resources, and communications) to raise awareness of the business ethics and compliance programs and ensure accountability for adherence to the programs
- Institute and maintain an effective compliance communication program for the organization, including promoting the use of the Compliance Hotline, enabling heightened awareness of Standards of Conduct, and understanding new and existing compliance issues and related policies and procedures
- Oversee the development and implementation of corporate ethics training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers
- Oversee the development and implementation of a compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers
- Develop, publish, and distribute ethics and compliance advisories, brochures, newsletters, notices, ethics pledges, posters, videos, and other media and maintain Majid Al Futtaim’s website informing senior management, employees, and the public about the Standards of Conduct and policies and the need to aspire to the highest standards of ethical behavior
Other Recent Jobs
Date: 17-Jan-2022
Location: Dubai, AE
Company: Majid Al Futtaim
