Job Description

A leading is actively recruiting a Compliance Officer for their Umm Al Quwain office.
Please note that you must meet all the criteria set out below for your application to be considered. Suitable candidates will be contacted within 5 working days. If you are not contacted by us within that time, please consider your application unsuccessful on this occasion.
The main responsibilities will include but not limited to:

• Implement comprehensive compliance policies and procedures that align with local and international regulations.
• Conduct regular compliance audits and risk assessments to identify areas of non-compliance and recommend corrective actions.
• Investigate and resolve compliance issues, incidents, or breaches, and implement measures to prevent their recurrence.
• Analyse customer transactions and identify unusual patterns of transactions which are suspected of potential money laundering and terrorist financing.
• Update all MIS tracking sheets accurately and completely.
• Conduct periodic compliance risk assessments and assist in the development and execution of compliance monitoring programs.
• Stay up to date with regulatory changes and industry developments and proactively communicate updates to relevant stakeholders.

To be successful you will need to meet the following:

• Proven experience in transaction monitoring/ sanctions screening & payments processing and/or regulatory compliance within the Banking Industry in the UAE. Local bank experience is a plus.
• In-depth knowledge of regulatory requirements and frameworks covering financial crime compliance, FATCA, CRS, and regulatory compliance.
• Knowledge of AML, and sanctions compliance regulations.
• Excellent analytical and problem-solving skills with meticulous attention to detail.
• Applicants should be available for face-to-face interviews in the location mentioned above.

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