Senior Compliance Officer

Dicetek LLC; Sharjah; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in the UAE is seeking a Compliance Officer to enhance financial crime compliance efforts. Key responsibilities include transaction monitoring, risk assessment, and ensuring regulatory adherence. The ideal candidate will have over 5 years of experience in UAE banking, specializing in transaction monitoring and sanction screening, backed by relevant degrees and certifications. This role offers an opportunity to shape compliance culture and processes within the bank.

Qualifications

• 3+ years’ proven experience in transaction monitoring & sanction screening within UAE banking.
• 5+ years’ experience in related processing roles in the UAE banking industry.

Responsibilities

• Contribute to monitoring Bank's Financial Crime Compliance (FCC) risks.
• Support FCC-related objectives and strategic business compliance.
• Design FCC processes and ensure communication of policies to staff.
• Conduct AML Risk Assessment on new products/services.

Skills

Transaction monitoring

Sanction screening

Compliance risk management

Education

Bachelor’s degree in relevant field

Relevant Certifications (ICA, ACAMS)

Job description

Responsibilities

• To contribute to the processing & monitoring of the Bank`s Financial Crime Compliance (FCC) risks and controls and associated reporting matters.
• Support the relevant strategic and business compliance objectives of the Bank.
• Relevant contribution to Transaction Monitoring, Client Acceptance Advisory, Sanctions activities with the aim of developing and promoting a culture of compliance in UAB in line with regulatory expectations and best market practices.

Key Performance Indicators

• Ensures compliance with FCC laws and regulations
• Contribution to mitigate the risk of enforcement actions and regulatory fines
• Contribution to designing processes and structures across the Bank ensuring FCC regulations and policies are clearly communicated to the management and all staff
• Stays abreast with FCC regulatory developments to ensure that relevant changes are being monitored, assessed and embedded accordingly.
• Contribution to maintaining fit for purpose FCC policies and procedures
• Contribution to conducting AML Risk Assessment on new products/services
• Contribution to support engagement and activities related KYC/CDD lifecycle management across all line of Businesses and relationships
• Contribution to managing the relevant elements of the Annual Compliance Plan, EWRA and any FCC regulatory submission and reports.
• Contribution to supporting the Management on FCC related regulatory engagement matters
• Provides FCC comprehensive and adequate input and information to MI, Governance forums, specific FCC related meetings with any stakeholders
• Provides relevant FCC input to any reports and submissions

Experience

• 3+ years’ proven experience in transaction monitoring & sanction screening relevant roles within UAE banking, including compliance risk management
• 5+ years’ experience in transaction monitoring & sanction screening processing roles within UAE banking industry

Bachelor’s degree in the relevant field

• Additional relevant Certifications (ICA, ACAMS) – is a must