Compliance Officer- UAE

Job Description

We are looking for a Compliance Officer in the UAE to join our global team. This role will play a crucial role in banking relationships as well as with internal reports.

This role is open to the whole of UAE

• KYC Onboarding:
• Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in UAE
• Ensure compliance with local and international regulatory requirements related to customer identification and verification
• Transaction Monitoring:
• Implement and enhance transaction monitoring systems to detect and report suspicious activities within the UAE context
• Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes
• AML/CFT Compliance:
• Serve as the primary point of contact for AML/CFT matters in UAE
• Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in UAE
• Develop and enforce AML/CFT policies and procedures tailored to the UAE regulatory environment
• Regulatory Compliance:
• Stay abreast of the regulatory landscape governing the payments industry in UAE
• Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation
• Establish and maintain strong relationships with regulators in UAE
• Remittance Compliance:
• Develop and implement compliance procedures specific to remittances and cross-border payments in UAE
• Ensure adherence to regulatory requirements governing remittance services in the UAE market
• Risk Assessments:
• Conduct regular risk assessments to identify and mitigate potential compliance risks within the UAE context
• Collaborate with other departments to implement risk mitigation strategies
• Reporting:
• Report findings and other compliance matters related to AML/CFT to different stakeholders in UAE in a clear and understandable manner
• Ensure timely and accurate reporting to internal and external stakeholders as required by UAE regulations
• Training and Awareness:
• Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the UAE market
• Foster a culture of compliance awareness within the organisation

• Bachelor&aposs degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must
• 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector
• Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances
• Hands-on experience in building or implementing compliance-related automations (e.g., workflows, alerts, reporting systems)
• In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in UAE
• Familiarity with UAE regulatory frameworks for the payments industry
• Experience in engaging with regulators in UAE and maintaining positive relationships
• Strong analytical and problem-solving skills