Assistant Manager - Regulatory Compliance

OVI; Sharjah; On-site; AED 223,000 - 279,000; Full time

Benefits offered by this job

Competitive salary

Leading UAE bank

Growth opportunities

Collaborative environment

Job summary

A leading UAE bank in Sharjah is seeking an Assistant Manager of Regulatory Compliance to oversee UAE regulatory requirements, change management, advisory, monitoring, and reporting. You will collaborate with Legal, Risk, and Internal Audit teams to ensure ongoing compliance.

The role requires at least 5 years in regulatory compliance within a UAE bank, strong knowledge of the CBUAE framework and AML/CFT, and experience in regulatory reporting.

Qualifications

• At least 5 years of regulatory compliance experience within a UAE bank.
• Strong knowledge of CBUAE framework, rulebook, notices and UAE AML/CFT laws.
• Proven experience in regulatory change management, gap analysis, and reporting.
• Experience in compliance monitoring or testing and handling regulators.
• Bachelor’s degree in Law, Finance, Banking, Business, or related field.
• Strong written and verbal communication, including report drafting.
• Good analytical skills and attention to detail.

Responsibilities

• Track and interpret UAE regulations, circulars, and guidance from the CBUAE.
• Conduct gap analyses, define remediation actions, and monitor progress.
• Provide regulatory advice to business and support functions.
• Develop, review, and update compliance policies and frameworks.
• Plan and perform compliance monitoring and testing, report findings.
• Prepare regulatory returns and respond to regulator queries.
• Support inspections and coordinate bank responses.
• Prepare compliance MI for leadership and boards.
• Maintain regulatory obligations register and risk assessments.
• Deliver training and awareness to staff.
• Mentor junior team members.

Skills

Regulatory Compliance

CBUAE Framework

Regulatory Reporting

Monitoring & Testing

AML/CFT

Stakeholder Communication

Education

Bachelor's degree in Law/Finance/Banking

Job description

Job Title: Assistant Manager - Banking - Full-time
Location: Sharjah, UAE
Employment type: Full-time
Environment: Banking Environment

About the Role

We are searching on behalf of our client for this role. This position is not with OVI. Join a leading UAE bank as an Assistant Manager of Regulatory Compliance, ensuring adherence to UAE regulatory requirements. This role involves regulatory change, advisory, monitoring, and reporting, working closely with business, Legal, Risk, and Internal Audit teams.

Key Responsibilities

• Track and interpret new and changing UAE regulations, circulars, and guidance from the CBUAE and other relevant authorities.
• Carry out gap analyses on new regulations, agree remediation actions with business owners, and monitor them to completion.
• Provide regulatory advice to business and support functions on products, processes, and new initiatives.
• Develop, review, and update compliance policies, procedures, and frameworks in line with regulatory requirements.
• Plan and carry out compliance monitoring and testing, report findings, and track remediation.
• Prepare and review regulatory returns and submissions to the CBUAE, and manage regulator queries and requests.
• Support regulatory inspections and examinations, including preparing documents and coordinating the bank’s responses.
• Prepare compliance reports and MI for senior management, the Compliance Committee, and the Board.
• Maintain the regulatory obligations register and compliance risk assessments.
• Deliver compliance training and awareness to staff.
• Support and guide junior team members as required.

Your Profile

• At least 5 years’ experience in regulatory compliance within a UAE bank.
• Strong working knowledge of the CBUAE regulatory framework, including its rulebook, notices, and regulations, and UAE AML/CFT legislation.
• Proven experience of regulatory change management, gap analysis, and regulatory reporting.
• Experience of compliance monitoring or testing and of dealing with regulators.
• Bachelor’s degree in Law, Finance, Banking, Business, or a related field.
• Strong written and verbal communication skills, including report and policy drafting.
• Good analytical skills and attention to detail.

What's Offered

• Competitive salary of AED 20k to 25k.
• Opportunity to work with a leading UAE bank.
• Professional growth and development opportunities.
• Collaborative and dynamic work environment.

Ideal Candidate

The ideal candidate will have a strong background in regulatory compliance within the UAE banking sector, with a deep understanding of the CBUAE framework. You will be a proactive problem solver with excellent communication skills, ready to take on challenges and support the bank in maintaining compliance excellence. Arabic language skills and professional compliance qualifications are a plus. When you apply to this role, AI may be used to help analyse and format your information so the hiring team can review it more easily.