Compliance Officer

Confidential Company; Dubai; On-site; AED 90,000 - 130,000; Full time

Job summary

Confidential Company in Dubai seeks a Compliance Specialist to conduct and review KYC and AML procedures, verify customer identities, and monitor transactions for sanctions rules. You will prepare STRs, maintain AML/KYC records, and support audits while keeping information confidential and up-to-date with UAE regulations.

The role also involves training employees, producing management updates, and coordinating with multiple departments to identify and mitigate financial crime risks.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Law, Risk Management, or a related field.
• Professional certification in AML, Compliance, Risk Management, or Financial Crime is an advantage.
• Good knowledge of UAE AML/CFT regulations and money exchange business requirements.
• Knowledge of KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), sanctions screening, and transaction monitoring.

Responsibilities

• Conduct and review KYC (Know Your Customer) and customer due diligence procedures.
• Review customer identification documents and ensure proper verification and record keeping.
• Monitor transactions against internal compliance rules and applicable sanctions requirements.
• Investigate alerts and unusual transactions and elevate potential suspicious activities.
• Assist in preparing and submitting Suspicious Transaction Reports (STRs) and other required regulatory reports.
• Maintain proper AML/KYC records and ensure documents are updated and readily available for audits.
• Conduct periodic reviews of high-risk customers and transactions.
• Support the implementation and monitoring of the company's AML/CFT policies and procedures.
• Assist in identifying and assessing compliance and financial crime risks.
• Conduct regular compliance checks across branches and business operations.
• Identify compliance gaps and recommend corrective actions.
• Coordinate with internal departments regarding compliance-related matters.
• Assist with internal and external regulatory audits and inspections.
• Monitor changes in UAE laws, regulations, and Central Bank requirements and communicate relevant updates to management.
• Provide compliance training and awareness sessions to employees when required.
• Prepare periodic compliance reports and management updates.
• Maintain confidentiality of customer and company information.
• Perform other compliance-related duties assigned by management.

Skills

KYC knowledge

AML regulations

CDD/EDD

Sanctions screening

Transaction monitoring

Regulatory reporting

Education

Bachelor's degree in Finance, Accounting, Business Administration, Law, Risk Management, or related field

Job description

• Conduct and review KYC (Know Your Customer) and customer due diligence procedures.

• Review customer identification documents and ensure proper verification and record keeping.

• Monitor transactions against internal compliance rules and applicable sanctions requirements.

• Investigate alerts and unusual transactions and elevate potential suspicious activities.

• Assist in preparing and submitting Suspicious Transaction Reports (STRs) and other required regulatory reports.

• Maintain proper AML/KYC records and ensure documents are updated and readily available for audits.

• Conduct periodic reviews of high-risk customers and transactions.

• Support the implementation and monitoring of the company's AML/CFT policies and procedures.

• Assist in identifying and assessing compliance and financial crime risks.

• Conduct regular compliance checks across branches and business operations.

• Identify compliance gaps and recommend corrective actions.

• Coordinate with internal departments regarding compliance-related matters.

• Assist with internal and external regulatory audits and inspections.

• Monitor changes in UAE laws, regulations, and Central Bank requirements and communicate relevant updates to management.

• Provide compliance training and awareness sessions to employees when required.

• Prepare periodic compliance reports and management updates.

• Maintain confidentiality of customer and company information.

• Perform other compliance-related duties assigned by management.

Desired Candidate Profile

• Bachelor's degree in Finance, Accounting, Business Administration, Law, Risk Management, or a related field.

• Professional certification in AML, Compliance, Risk Management, or Financial Crime is an advantage.

• Good knowledge of UAE AML/CFT regulations and money exchange business requirements.

• Knowledge of KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), sanctions screening, and transaction monitoring.