Compliance and Regulatory Affairs Manager

HIKMA-SOLUTIONS; Dubai; On-site; AED 300,000 - 400,000; Full time

Job summary

A leading financial services provider in Dubai is seeking an experienced Compliance and Regulatory Affairs Manager to ensure adherence to UAE regulations. This role requires a minimum of 7 years of experience managing compliance programs within UAE financial institutions, particularly in payment services. The ideal candidate will hold a relevant Bachelor's degree and possess in-depth knowledge of compliance requirements. Fluency in Arabic and English is necessary to navigate cross-border payment products effectively.

Qualifications

• Minimum 7 years of experience in compliance within UAE financial institutions.
• In-depth knowledge of UAE payment services regulations.
• Proven track record in handling CBUAE compliance requirements.

Responsibilities

• Ensure compliance with Retail Payment Service license requirements.
• Prepare and submit regulatory reports accurately.
• Conduct regulatory gap analyses and risk assessments.
• Develop and implement compliance policies aligned with UAE regulations.
• Support the creation of a tailored risk management framework.

Skills

Compliance management

Risk assessment

Regulatory reporting

Transaction monitoring

Relationship building

Education

Bachelor's degree in technology, data, law, finance or related field

Compliance certification

Job description

At HikmaSolutions we put people at the heart of our recruitment approach. True to our core values we are seeking an ambitious and compassionate candidate to join our clients team in Dubai as a Compliance and Regulatory Affairs Manager. Together we will ensure you thrive in a stimulating and fulfilling work environment where your potential can truly flourish.

Step into the world of compliance within the UAEs financial sector!

In this pivotal role you will be the primary liaison with the Central Bank of the UAE (CBUAE) and other local regulators. Heres your mission:

Ensure compliance with Category II Retail Payment Service license requirements including adherence to policies and procedures.

Prepare and submit regulatory reports accurately and promptly.

Conduct regulatory gap analyses AML (AntiMoney Laundering) and sanctions risk assessments to identify and manage risks associated with payment services.

Develop and implement compliance policies and procedures aligned with UAE regulations.

Support the creation and of a tailored risk management framework for UAE operations.

Heres what were looking for:

You will ensure that customer due diligence (CDD/EDD) processes meet regulatory standards.

Implement and manage transaction monitoring systems for UAE operations reporting suspicious activities to the UAE Financial Intelligence Unit (FIU).

Your expertise is crucial in reviewing new products and services to ensure compliance with UAE regulatory and AML requirements.

Build strong relationships with local partners banks and thirdparty providers through thorough due diligence.

Collaborate with global compliance teams to ensure alignment with international standards for UAE operations.

Provide training to directors officers and employees on compliance policies and regulatory updates.

Why you

You hold a Bachelors degree in technology data law finance or a related field. A compliance certification is a valuable asset.

Your minimum 7 years of experience managing compliance programs within UAE financial institutions (payment services fintech or banking) speaks for itself. Experience in other MENA countries is a plus.

Your indepth knowledge of UAE payment services regulations is essential.

You have a proven track record in handling CBUAE compliance requirements especially for Category I/II payment licenses.

As a native Arabic speaker your English fluency is exceptional along with your understanding of crossborder payment products.

Your analytical prowess is renowned enabling you to navigate the intricate world of compliance with ease.

If youre ready to embrace this challenge and become a key player in the UAEs financial compliance landscape we eagerly await your application!