Legal and Compliance Officer
Job description / Role
Job TypeFull Time
Job Location
Dubai, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Legal
Company Industry
Banking - Corporate
Your role
Do you enjoy advising and supporting front office colleagues to ensure compliance? Are you excited to be part of strategic projects within the UBS group?
We are looking for a senior compliance and operational risk officer to:
- Support the business in remaining compliant within the regulatory environment and managing their risk.
- Prepare compliance input for UBS Saudi Arabia Riyadh Branch governance meetings and relevant risk and control forums.
- Work on customer due diligence checks (KYC) on new clients as per SAMA Account Opening Rules (AOR) requirements and in accordance with firm-wide AML standards.
- Effectively manage an open and co-operative relationship with SAMA and other local authorities, including responding to regulatory enquiries (such as via Samanet, Tanfeeth, AML & CTF requests) and attend regulatory committees and meetings.
- Keep up to date on any regulatory changes and drive remediation of any gaps with processes and policies.
- Participate in reviewing new business initiatives and transactions to support pre-approval by C&ORC.
- Perform compliance risk assessment, implement the compliance action plan and monitoring programs established for UBS Saudi Arabia Riyadh Branch.
- Provide training to business to ensure compliance with regulatory requirements.
- Help in investigating actual or potential breaches of law, regulation, policy and procedures in accordance with the disciplinary policy. Align with central SMEs, discuss with team leaders and report accordingly.
Your team
You'll be working in the Compliance and Operational Risk Control (C&ORC) team in UBS Saudi Arabia Riyadh Branch in the position of Associate Director or Director. We support the Global Wealth Management business by partnering with them to effectively manage regulatory risk in an environment of collaboration and constructive challenge.In collaboration with colleagues in other locations, you'll play an important role in helping us develop risk mitigating measures, controls and adequate remediation plans are in place.
Your expertise- Proven financial services compliance or risk advisory experience of at least 8 to 10 years.
- Strong communication skills in English.
- Any professional compliance certifications will be beneficial (e.g. ACAMs, Certified Compliance Officer).
- Good working knowledge of the local regulatory environment (SAMA).
- Reliable and resilient (challenging situations and conversations don't sway you).
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
We have a presence in all major financial centers in more than 50 countries.
Join us
At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible.Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves.
We're committed to disability inclusion and if you need reasonable accommodation or adjustments throughout our recruitment process, you can always contact us.
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