Compliance Officer UAE Retail Payment Services

Salve.Inno Consulting; Dubai; On-site; AED 70,000 - 90,000; Full time

Job summary

A leading FinTech firm in Dubai is looking for a diligent Compliance Officer specialized in UAE Retail Payment Services. This role involves managing compliance with regulatory frameworks and liaisons with the Central Bank of the UAE. The ideal candidate should have at least 7 years of experience in compliance within financial institutions and a strong understanding of UAE laws. The firm values diversity and offers professional development opportunities to foster growth within the company.

Benefits

Continuous professional development and training

Mentorship programs

Leadership development programs

Qualifications

• 7+ years of experience managing compliance programs in UAE financial institutions.
• Expertise in UAE laws and regulations governing payment services.
• Experience in compliance across other MENA countries is a plus.

Responsibilities

• Serve as the primary liaison with the Central Bank of the UAE.
• Ensure compliance with Category II Retail Payment Service license requirements.
• Prepare and submit regulatory reports accurately and on time.
• Conduct regulatory gap analyses and risk assessments.

Skills

Healthcare laws and regulations understanding

Expertise in compliance programs

Analytical skills

Fluency in English and Arabic

Education

Bachelor's degree in technology, law, finance or related field

Master's degree or compliance certification

Job description

Location: Dubai UAE
Employment Type: Fulltime
Compensation: Competitive base salary

Role Overview

We are seeking a diligent and detailoriented professional to join our team as a Compliance Officer for UAE Retail Payment Services. If you have a keen interest in regulatory frameworks a commitment to upholding compliance standards and the ability to navigate the complexities of retail payment services we are eager to hear from you.

Key Responsibilities

• Serve as the primary liaison with the Central Bank of the UAE (CBUAE) and other local regulators
• Ensure compliance with Category II Retail Payment Service license requirements policies and procedures
• Prepare and submit regulatory reports accurately and within deadlines
• Conduct regulatory gap analyses AML risk assessments and sanctions risk evaluations
• Develop and implement compliance policies in alignment with UAE regulatory frameworks
• Support the creation and of a risk management framework tailored to UAE operations
• Oversee customer due diligence (CDD/EDD) processes to ensure regulatory compliance
• Implement and manage transaction monitoring systems reporting suspicious activity to the UAE Financial Intelligence Unit (FIU)
• Assess new products and services for compliance with UAE AML and regulatory requirements
• Conduct due diligence on local partners banks and thirdparty providers
• Collaborate with global compliance teams to ensure regulatory alignment across operations
• Provide compliance training to directors officers and employees on policies and regulatory updates

Qualifications and Skills

• Bachelors degree in technology data law finance or a related field
• Masters degree or compliance certification (preferred)
• 7 years of experience managing compliance programs in UAE financial institutions (payment services fintech or banking)
• Expertise in UAE laws and regulations governing payment services
• Proven success in managing CBUAE compliance requirements particularly for Category I/II payment licenses
• Experience in compliance across other MENA countries (a plus)
• Native Arabic speaker with fluency in English
• Strong knowledge of crossborder payment products
• Exceptional analytical skills with a proactive approach to risk mitigation

Benefits and Development Opportunities

• Continuous professional development and training
• Mentorship and leadership development programs
• Opportunity to work with a growing FinTech company

Application Process for Compliance Enthusiasts

If you are ready to make a significant impact on our compliance framework and contribute to a culture of integrity and accountability we welcome your application. Submit your resume detailing your relevant experience and passion for enhancing compliance in retail payment services.

Our Commitment to Diversity and Inclusion

We are committed to creating an inclusive work environment that reflects the diversity of the communities we serve. We encourage applications from individuals of all genders ethnicities abilities and backgrounds to foster innovation and excellence in our compliance team.