Senior Compliance Officer – Quality Assurance

National Bank of Ras Al-Khaimah PJSC; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in the UAE seeks a Compliance Assurance professional to enhance financial crime compliance through effective quality assurance. This role involves leading testing processes, reporting findings, and ensuring adherence to regulatory standards. The ideal candidate must possess a Bachelor's degree, ACAMS certification, and a minimum of 2 years experience in the banking sector. Comprehensive benefits and career development opportunities are offered.

Benefits

Competitive performance-linked compensation

Medical coverage for family

Comprehensive life insurance

Inclusive workplace culture

Career development opportunities

Qualifications

• 2+ years of experience in banking or financial services.
• Familiarity with AML, CTF, and Sanctions policies.

Responsibilities

• Lead Quality Assurance testing of compliance activities.
• Report findings and provide actionable feedback.
• Monitor and assess compliance controls.

Skills

Quality Assurance testing

Process risk identification

Regulatory compliance

Education

Bachelor's degree

ACAMS certification

Job description

AtRAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

About the role

In this role, you will be responsible toprovide assurance with respect to implementation of the Financial Crimes Compliance framework by identifying any potential weaknesses and/or deficiencies in existing AML/CFT and Sanctions policies, processes, data and controls in order to initiate remedial actions to improve the overall FCC framework and meet regulatory expectations.In this role you will be reporting toSenior Vice President & Head of Compliance Assurance & Monitoring.

What You’ll Be Doing:

• Lead Quality Assurance (QA) testing of daily compliance activities across the bank.
• Report findings and provide actionable feedback to management on process and control effectiveness.
• Identify and escalate process risks, recommending targeted improvements to enhance operational quality.
• Support the development and execution of a holistic framework for AML, CTF, and Sanctions compliance.
• Aid in compiling structured management information for reporting and governance purposes.
• Monitor ineffective controls and conformance testing outcomes, assessing risk and ensuring remedial actions are taken.
• Integrate "lessons learnt" insights into ongoing training, policies, and procedure development.
• Conduct QA reviews of compliance tasks within both the Compliance unit and First Line of Defense especially for low/medium-risk client assessments.
• Maintain and regularly publish periodic compliance reports.
• Track and support the resolution of identified control gaps, liaising closely with the first line.
• Ensure the Risk Register is up to date and accurately reflects current assessments and actions.
• Ensure full adherence to internal policies, procedures, and regulatory/statutory frameworks.
• Remain well-informed of relevant Central Bank of UAE regulations and international best practices in Financial Crime Compliance.

What We’re Looking For:

• Education:Bachelor's degree or equivalent experience.ACAMS certification required
• Experience:Minimum of 2 years’ experience in banking or financial services
• Industry Exposure: Banking and Finance

What’s In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.