Head of Compliance

RTC1 Recruitment Services; United Arab Emirates; On-site; AED 260,000 - 450,000; Full time

Benefits offered by this job

Allowance for self

Family medical insurance

Annual air ticket for self and family

Job summary

RTC1 Recruitment Services is sourcing for a Head of Compliance – Islamic Bank in Dubai. This role leads the Bank's Compliance and AML/CFT function across UAE operations, serving as designated Compliance Officer and MLRO, coordinating with CBUAE and other regulators.

The ideal candidate will oversee the complete AML/CFT framework, advise senior management, manage inspections, and lead a team responsible for regulatory change, risk assessments, investigations, and Board reporting.

Qualifications

• Bachelor's or Master's degree, preferably in Finance, Accountancy, Law or Commerce.

Responsibilities

• Lead and provide overall oversight of the Bank's Compliance and AML/CFT function across UAE operations.
• Serve as the Bank's designated Compliance Officer and MLRO, liaising with regulator authorities.
• Oversee the AML/CFT framework including CDD/EDD, transaction monitoring, sanctions screening, and SAR/STR reporting.
• Advise Senior Management and the Board on regulatory developments and remediation; manage regulatory inspections.
• Lead the Compliance team and the annual compliance program including training and Board reporting.

Education

Bachelor's or Master's degree

Job description

Position Title: Head of Compliance – Islamic Bank

Employment Type: Full Time

Salary: depending on experience and qualifications

Benefits: Allowance for self, family medical insurance and annual air ticket for self and family.

Job Location: Dubai

About the Client

One of the leading global institutions with strong regional presence across the UAE & Bahrain, known for driving innovation in Islamic and corporate banking.

Job Description

• Lead and provide overall oversight of the Bank's Compliance and AML/CFT function across UAE operations, ensuring adherence to CBUAE regulations, UAE Federal Laws and international standards.
• Serve as the Bank's designated Compliance Officer and MLRO, acting as the primary liaison with CBUAE, FIU and other regulatory authorities.
• Oversee the complete AML/CFT framework, including CDD/EDD, transaction monitoring, sanctions screening, correspondent banking controls and SAR/STR reporting.
• Advise Senior Management and the Board on regulatory developments, emerging compliance risks and remediation, while managing regulatory inspections and maintaining relationships with regulators and auditors.
• Lead the Compliance team and overall compliance program, including regulatory change, investigations, QA/assurance, risk assessments, annual compliance planning, training and Board reporting.

Qualifications

• Bachelor's or Master's degree, preferably in Finance, Accountancy, Law or Commerce; With minimum 12 years experience in Banking Compliance and AML/CFT within a regulated financial institution.
• Must have strong expertise in CBUAE regulations, UAE AML/CFT requirements, sanctions, regulatory reporting and financial crime compliance, with proven regulatory engagement and inspection/remediation experience.
• With proven senior leadership experience managing Compliance teams and senior stakeholders, with the ability to engage effectively with regulators, Board members and Senior Management.
• ACAMS certification required; additional ICA, CFCS or other recognized compliance qualification is advantageous