Compliance Officer

TASC Outsourcing; Dubai; On-site; AED 120,000 - 150,000; Full time

Job summary

A leading outsourcing firm is seeking a skilled compliance professional with a Bachelor's degree and over 3 years of experience in transaction monitoring and sanction screening within the UAE banking industry. The candidate will ensure adherence to laws and regulations, collaborate with various stakeholders, and contribute to AML risk assessments. Strong inter-personal and problem-solving skills are essential for this role. Competitive compensation package and professional growth opportunities are provided.

Qualifications

• 3+ years’ experience in transaction monitoring & sanction screening in UAE banking.

Responsibilities

• Collaborate with stakeholders for regulatory compliance.
• Ensure adherence to FCC laws and regulations.
• Conduct AML Risk Assessment on new products/services.

Skills

Inter-personal skills

Communication skills

Planning and organizing skills

Problem solving

Education

Bachelor’s degree in relevant field

Certifications (ICA, ACAMS)

Job description

Key Responsibilities

• Collaborating with stakeholders to ensure adherence to laws and regulations specific to Transaction Monitoring, Sanctions, KYC/CDD and ABC.
• Ensures compliance with FCC laws and regulations
• Contribution to mitigate the risk of enforcement actions and regulatory fines
• Stays abreast with FCC regulatory developments to ensure that relevant changes are being monitored, assessed and embedded accordingly.
• Advisory of the Business and other stakeholders on FCC matters
• Contribution to conducting AML Risk Assessment on UAB new products/ services

Qualifications

• Bachelor’s degree in the relevant field
• Additional relevant Certifications (ICA, ACAMS) - desirable
• 3+ years’ experience in transaction monitoring & sanction screening relevant roles within UAE banking industry
• Good inter-personal and communication skills
• Planning and organizing skills
• Organizational awareness
• Problem solving and dispute settling and good understanding of protocols and procedures to be compliant with UAE regulations and requirements.