Economic Substance Coordinator

Industry:Management Consulting

Job Responsibilities:

– Economic Substance Coordinator must inform and educate the licensees about the Report filing requirements:

a) Prepare and issue newsletters / emails

b) Provide information and important updates in the Regulations

c) Prepare and Share Frequently Asked Questions (‘FAQ’)

d) Issuing e-mail reminders to all licensees

– Collect and verify ESR reports and supporting documentation

– Following up the missing ESR Reports and supporting materials from the licensees

– Store ESR Reports and supporting documentation

– Request and follow up with Licensees to update ESR Report and / or provide additional material required for verification

– Monitoring of the overall ESR report submission status

– Define, implement and maintain data verification

– Identify and report Licensees that did not pass the data verification process

– Decide final status of Licensees that did not pass the verification process

– Reporting for Licensees that did not submit the ESR Report or pass the verification process

– Maintain list of potential Licensees and perform ESR risk mitigation activities such as verifying the accuracy / completeness of the information, and carrying out risk assessments

– Handling ESR related queries either by emails, phone or walk-in client

– Perform risk assessment

– Correspondence with consultants, competent authorities when needed

– Keep up to date with the relevant laws and regulations

Job Requirements:

– Minimum bachelor’s degree

– Understanding of financial statements

– Have sufficient knowledge aboutESR Rules & Regulation

– Compliance experience is a plus.

–Native Arab preferred; excellent command English is mandatory