Manager - Regulatory Compliance

IQEQ; Dubai; On-site; AED 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Manager for Client Compliance Services to lead a dedicated team in ensuring compliance with AML/CFT regulations. In this pivotal role, you will design and implement compliance frameworks, act as a Money Laundering Reporting Officer, and liaise with regulatory bodies to secure approvals for client companies. Your expertise will guide directors and staff through AML/CFT training, while your leadership will shape the capabilities of the compliance unit. This is an exciting opportunity to make a significant impact in a dynamic environment focused on compliance excellence.

Qualifications

• 8-10 years of experience in financial services, preferably in compliance.
• Experience as a DFSA/FSRA approved Compliance Officer.

Responsibilities

• Design and implement AML/CFT frameworks for clients.
• Act as MLRO for client companies and present compliance reports.
• Supervise and coach the Client Compliance Unit team.

Skills

Compliance Management

AML/CFT Framework Implementation

Risk Assessment

Client Liaison

Training Delivery

Education

Degree in Law

Degree in Finance

Degree in Financial Services

Tools

AML/CFT Software

Job description

The Client Compliance Services department is responsible for providing Outsourced Compliance Officer and Money Laundering Reporting Officer (MLRO) services. The department also assists client companies of IQ-EQ DIFC in structuring matters and fulfilling their compliance responsibilities.

In addition, the Manager - Client Compliance shall have supervisory responsibilities for the Client Compliance Unit team, monitor their daily tasks, and coach them.

Tasks

1. Contribute to designing and implementing the AML/CFT framework for specific clients;
2. Act as MLRO/Compliance Officer for IQ-EQ DIFC's client companies;
3. Attend board meetings to present MLRO/Compliance reports for IQ-EQ DIFC's client companies on at least an annual basis; receive, analyze, and report Suspicious Transaction Reports, as appropriate;
4. Perform client file reviews or conduct special investigations as required;
5. Liaise with DFSA, FSRA, and other regulatory bodies to assist clients in obtaining regulatory approvals and related matters;
6. Provide AML/CFT training to directors and staff of client companies, as appropriate;
7. Conduct AML/CFT risk assessments of all products, technology, and business practices of client companies, as appropriate;
8. Analyze and disseminate the latest AML/CFT regulatory information to clients;
9. Provide basic advice and guidance to the Onboarding Unit and Operational Compliance on specific compliance queries;
10. Provide management information to the Operational Risk Committee, GRACC, and the Board, as required;
11. Supervise and assess the work and assignments of the Client Compliance Unit team, and assist in building capabilities and allocating resources within the team;
12. Conduct staff appraisals and recommend career development plans to the Senior Executive Officer;
13. Ensure the protection of IQ-EQ DIFC's information assets and compliance with the ISMS in place at IQ-EQ DIFC.

Desired Candidate Profile

Qualifications

1. A degree from a reputable university, preferably in law, finance, financial services, or related compliance fields;
2. At least 8-10 years of experience in the financial services sector, with a preference for compliance experience.

Technical

1. Experience as a DFSA and/or FSRA approved Compliance Officer and Money Laundering Reporting Officer.

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