Compliance Specialist

National Bank of Kuwait; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the UAE is seeking a Compliance Officer to assist in monitoring compliance with regulations and internal policies. The ideal candidate will have a university degree, 3-5 years of experience in compliance, and strong communication skills in both English and Arabic. Responsibilities include supporting the compliance manager, monitoring transactions, and maintaining compliance documentation. Preferred candidates have experience in the UAE banking sector.

Qualifications

• 3-5 years of professional experience in compliance or related field.
• Strong IT skills.
• Experience in UAE banking or financial services preferred.

Responsibilities

• Support the Compliance manager in compliance framework and awareness.
• Monitor transactions and address compliance queries.
• Assist in regulatory reporting and compliance testing.

Skills

Excellent communication skills in English and Arabic

Analytical skills

Leadership

Time management skills

Ability to work under pressure

Education

University degree

Tools

MS Office

Job description

Job Purpose

• Support the Compliance manager in planning, implementing and maintaining framework for the Regulatory Compliance.
• Support the Compliance manager in enhancing the awareness of the Regulatory Compliance and Anti-Money Laundering across the business areas.
• Support the Compliance manager in monitoring wire transfers against international blacklists.

Key Responsibilities & Accountabilities

1. Checking the side SafeWatch (i.e. regulatory/sanctions blacklist) for all payments alerts in the system and escalating all exact matches to the compliance manager for investigation and action.
2. Scanning the customer database against the regulatory/sanctions blacklist and escalating all the exact matches to the compliance manager for investigation and action.
3. Monitoring of transactions via alerts generated in the Oracle system.
4. Assist in addressing any staff queries regarding compliance functions, procedures & policies and raising any non-compliance issue to the compliance manager.
5. Assist in providing staff training.
6. Assist in performing surveillance and monitoring activities of internal practices and procedures to ensure compliance.
7. Support the development of policies and procedures in accordance with best practice and regulatory requirements for other departments within the branch.
8. Developing, updating and maintaining the Anti-Money Laundering (AML)/Combating Financing of Terrorism (CFT) policy and procedures in line with any changes made to existing laws.
9. Provide response (as Maker) to CBUAE queries via IEMS, goAML and CIR.
10. Assist in preparing reports to be submitted to regulatory / law enforcement authorities.
11. Provide support in maintaining and implementing procedures for detecting, monitoring and reporting suspicious transactions, and applies an intensified and ongoing scrutiny over any higher risk accounts in compliance with local laws and regulations as well as NBK Group standards.
12. Conduct independent compliance testing based on the RCM requirements and raise findings to the Compliance matters.
13. Provide support on the FATCA/CRS annual reporting.
14. Assist in updating NBK-UAE Compliance manual and code of conduct in accordance with guidelines issued by local and internal regulatory authorities.
15. Coordination with Internal and External auditors as required.
16. Support the development of the regulatory compliance matrix and checklists in accordance with the compliance policy.
17. Review the updates in the CBUAE regulations and update the RCM accordingly.
18. Coordinate with the respective business divisions on matters relating to CFT such as providing guidance on international sanctions, management policies relating to CFT and sensitive countries.
19. Performing any additional related duties of compliance.
20. To stay abreast of the latest regulations and updates issued by the regulatory authorities.

Qualifications & Experience

• University degree
• 3-5 years professional experience
• Excellent communication skills in written and spoken in English and Arabic
• MS Office skills

Skills

• Ability to work under pressure and without close supervision
• Strong Communication skills
• Strong IT skills
• Analytical skills
• Leadership
• Management reporting
• Eye for detail
• Time management skills / Organization skills

Preference is given to candidates in the UAE with UAE banking or financial services experience.

If you meet the above criteria, please send your application and CV to [e-mail] with the job title in the subject.

Due to a high volume of applications we receive, only shortlisted candidates will be contacted for an interview.