Compliance and Regulatory Affairs Manager

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 UAE's financial sector!

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

1. Ensure compliance with Category II Retail Payment Service license requirements including adherence to policies and procedures.
2. Prepare and submit regulatory reports accurately and promptly.
3. Conduct regulatory gap analyses, AML (Anti-Money Laundering) and sanctions risk assessments to identify and manage risks associated with payment services.
4. Develop and implement compliance policies and procedures aligned with UAE regulations.
5. Support the creation of a tailored risk management framework for UAE operations.
6. Ensure that customer due diligence (CDD/EDD) processes meet regulatory standards.
7. Implement and manage transaction monitoring systems for UAE operations reporting suspicious activities to the UAE Financial Intelligence Unit (FIU).
8. Your expertise is crucial in reviewing new products and services to ensure compliance with UAE regulatory and AML requirements.
9. Build strong relationships with local partners, banks, and third-party providers through thorough due diligence.
10. Collaborate with global compliance teams to ensure alignment with international standards for UAE operations.
11. Provide training to directors, officers, and employees on compliance policies and regulatory updates.

Why you:

1. You hold a Bachelor's degree in technology, data, law, finance, or a related field. A compliance certification is a valuable asset.
2. 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.
3. Your in-depth knowledge of UAE payment services regulations is essential.
4. You have a proven track record in handling CBUAE compliance requirements especially for Category I/II payment licenses.
5. As a native Arabic speaker, your English fluency is exceptional along with your understanding of cross-border payment products.
6. Your analytical prowess is renowned enabling you to navigate the intricate world of compliance with ease.

If you're ready to embrace this challenge and become a key player in the UAE's financial compliance landscape we eagerly await your application!