Compliance Officer - UAE National - International Bank (Associate Analyst level)

Swisslinx Middle East; Dubai; On-site; AED 223,000 - 402,000; Full time

Job summary

Swisslinx Middle East is seeking a compliance professional to participate in implementing the bank's compliance control organization, policies, procedures, systems and controls across multiple jurisdictions.

You will strengthen governance of the Compliance function, provide opinions on compliance risks, investigate alerts, perform controls, and guide staff performing first-level controls on transactions and KYC.

Qualifications

• 2–5 years of experience in wholesale/corporate/private banking within a major international bank, preferably with exposure to multiple jurisdictions, including at least 2 years in an independent compliance function.
• Experience in the Middle-East region is required.
• Fluency in Arabic and English (written and spoken).

Responsibilities

• Participate in the implementation of the bank’s compliance control organization (policies, procedures, systems & controls).
• Strengthen governance of the Compliance function, including regulatory watch and participation in local and global projects and innovation initiatives.

Skills

Analytical skills

Communication skills

Arabic language

English language

AML/Sanctions risk assessment

Tools

Regulatory knowledge

Job description

• Participate in the implementation of the bank’s compliance control organization (policies, procedures, systems & controls).
• Participate in the strengthening of the governance of the Compliance function, including but not limiting to regulatory watch and participation in local and global projects and innovation initiatives.
• Issue compliance and financial security opinions on compliance risks related to counterparties and transactions.
• Investigate alerts and make decisions on the dispensation of the alerts.
• Perform controls to assess effectiveness of the compliance risk management framework.
• Provide guidance and feedback to operational and middle office staff performing first level controls on transactions and KYC’s.
• Maintain close contact across internal departments in order to anticipate and proactively address compliance issues as well as disseminate compliance culture.
• Contribute to the staff training program in relation to compliance topics.
• Support the Compliance Manager to assess the compliance impact of new products and activities and issue compliance opinions.
• Maintain an updated knowledge of changing compliance policies and regulatory requirements and support the Compliance Manager to assess impact on policies and processes.
• Support the Compliance Manager in regulatory interactions, including reporting requirements and other correspondence.
• Organize the compliance committees including information packs, and represent the compliance function in other control committees as assigned.
• Provide back-up to other members of the team during absences

Qualifications

Experience

Between 2-5 years of experience in the wholesale / corporate / private banking segment within a major international bank preferably with exposure to multiple jurisdictions, including at least 2 years in an independent compliance function – though experience in compliance related positions or other control functions (e.g. Risk) may also be considered.

Experience in the Middle-East region is required.

Skills

Technical Skills

• Financial security (AML/Sanctions) risk assessment
• Knowledge of and experience in the main activities of investment and corporate banking services

General Skills

• Analytical and communication skills required as well as the ability to cooperate/work effectively across disciplines.

Language Skills

• Must be completely fluent in Arabic and English (written and spoken).