Compliance Officer

Bachelor of Business Administration (Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Key Responsibilities:

1. Act as the main point of contact for CBUAE (Central Bank of the UAE) and other local regulators.
2. Ensure compliance with the requirements of the Category II Retail Payment Service License, including adherence to policies and procedures.
3. Prepare and submit regulatory reports accurately and on time.
4. Conduct regulatory gap analyses, AML (anti-money laundering), and sanctions risk assessments to identify, assess, and mitigate risks associated with payment services.
5. Develop and implement compliance policies and procedures in line with UAE regulations.
6. Support the creation and execution of a comprehensive risk management framework tailored to UAE operations.
7. Ensure that customer due diligence (CDD/EDD) processes meet regulatory standards.
8. Implement and manage transaction monitoring systems for UAE operations and report suspicious transactions to the UAE Financial Intelligence Unit (FIU).
9. Review new products and services to ensure they align with UAE regulatory and AML requirements.
10. Conduct due diligence and build effective relationships with local partners, banks, and third-party providers.
11. Work closely with global compliance teams to ensure alignment of UAE operations with global compliance standards.
12. Provide training to directors, officers, and employees on compliance policies and regulatory updates.

Qualifications:

Education: Bachelor's degree in Technology, Data, Law, Finance, or a related field. A Master's degree or relevant compliance certification is preferred.

Experience: Minimum of 7 years' experience in managing compliance programs within UAE financial institutions (payment services, fintech, or banking). Experience in other Middle Eastern and North African (MENA) countries is a plus. In-depth knowledge of UAE laws and regulations related to payment services. Proven track record in managing compliance requirements for CBUAE.

Experience Level: 8 - 14 Years

Industry: Financial Services / Banking, Investments / Insurance / Stock Market / Loan

Qualification: Post Graduate Diploma, M.B.A/PGDM

Key Skills:

• Audit Compliance
• Statutory Compliance
• Compliance
• Central Bank of the UAE
• Retail Payment
• Payment Systems
• Anti Money Laundering
• UAE Regulations
• CDD
• EDD

Company Industry:

• Consulting
• Management Consulting
• Advisory Services

Department / Functional Area:

• Finance
• Treasury

Keywords:

• Compliance Officer