Associate Director - Regulatory Compliance Manager

Emirates Investment Bank pjsc; Dubai; On-site; AED 330,000 - 441,000; Full time

Job summary

A leading banking institution in Dubai is seeking an Associate Director - Regulatory Compliance Manager to oversee compliance with UAE Central Bank and SCA regulations. The role includes managing consumer protection, outsourcing compliance, corporate governance, and licensing applications. Ideal candidates have experience in regulatory frameworks and a strong understanding of the banking industry. This is a full-time position at a mid-senior level.

Qualifications

• Experience in regulatory compliance as per UAE Central Bank and SCA regulations.
• Strong understanding of consumer protection and corporate governance requirements.

Responsibilities

• Oversee Regulatory Compliance with UAE Central Bank and SCA regulations.
• Ensure adherence to licensing and regulatory approvals.
• Monitor compliance frameworks and conduct periodic reviews.

Skills

Regulatory Compliance

Consumer Protection

Corporate Governance

Outsourcing Compliance

Client Classification

Job description

Overview

Associate Director - Regulatory Compliance Manager

The Regulatory Compliance Manager will oversee Regulatory Compliance in accordance with UAE Central Bank and UAE Securities and Commodities Authority (SCA) regulations. The role involves ensuring adherence to a number of Regulations, including consumer protection, outsourcing, corporate governance, licensing, client classification, suitability, and capital adequacy requirements. The Compliance Manager will be responsible for monitoring regulatory developments, implementing compliance frameworks, conducting compliance reviews, and engaging with regulators.

Key Accountabilities

1. UAE Central Bank Regulatory Compliance

• Consumer Protection Compliance: Ensure the firm complies with UAE Central Bank Consumer Protection Regulations. Oversee complaint-handling mechanisms and ensure fair treatment of customers. Conduct reviews of customer-facing policies, contracts, and disclosures to ensure compliance.
• Outsourcing Regulation Compliance: Ensure adherence to outsourcing regulations, including due diligence, contractual compliance, and risk assessment of service providers. Monitor the firm’s outsourcing arrangements and ensure regulatory reporting requirements are met.
• Corporate Governance & Employment Compliance: Oversee compliance with corporate governance requirements, ensuring board and management decisions align with regulatory expectations. Monitor adherence to employment regulations, including fit and proper requirements for senior management and staff. Conduct periodic training on corporate governance and compliance obligations.

1. UAE Securities and Commodities Authority (SCA) Compliance

• Licensing & Regulatory Approvals: Ensure the firm maintains valid SCA licenses and meets all regulatory obligations. Oversee licensing applications, renewals, and regulatory approvals for new business activities. Liaise with SCA on regulatory queries and ensure timely submission of required reports.
• Client Classification & Suitability: Ensure compliance with client classification regulations, including high-net-worth individual (CB UAE) and professional / ordinary investor (SCA). Monitor adherence to suitability and appropriateness assessments for investment products and financial services. Conduct periodic internal audits and controls to verify compliance with client categorization rules. Oversee compliance with capital adequacy requirements (as a LOD2 in collaboration with the Risks Management Team which holds primary technical compliance responsibility).

Seniority & Employment

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Other

Industry

Banking