Job Description

This position will focus on ensuring the company adheres to regulatory, AML, and sanctions compliance requirements, while managing operational and enterprise risks.

Key responsibilities include:

Developing, implementing, and monitoring compliance frameworks and procedures related to Regulatory, AML, and Sanctions Compliance. Identifying compliance risks, designing and executing policies, procedures, and controls to mitigate them. Promoting a compliance culture through risk-based training and awareness programs. Conducting customer due diligence, reviewing KYC documentation, and ensuring timely reviews in line with regulatory requirements. Performing reviews of key compliance systems, including transaction monitoring and client screening. Investigating system-generated AML alerts, addressing suspicious activities, and compiling case files as needed. Identifying continuous improvement opportunities and implementing risk mitigation strategies. Preparing and delivering detailed risk analysis reports, as well as managing fraud prevention and detection processes. Administering the AML reporting network across the business and preparing reports for stakeholders and regulatory bodies.

Requirements

Academic, Vocational Qualification:

Bachelor degree from an accredited college or university in accounting, finance, business administration or related fields Compliance qualification from an internationally recognized body is desirable like ACAMS, international Compliance Association certifications, etc.

Work Experience:

Compliance experience in the financial services industry or private banking in a recognized market in UAE. Good knowledge and understanding of regulatory rules and legislation about Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT), Central Bank regulations and sanctions. Experience of external and internal audit and ability to conduct financial statements review, evaluating controls is preferred.

Benefits

Monthly Salary will be discussed after the interview Nafis monthly allowance as per nafis policy Medical Insurance Coverage Yearly Ticket allowance * Schooling Allowance as per the existing policy