Monitor changes/developments in Central Bank of UAE regulation and cascade to business departments and senior management and to coordinate lobbying/thought leadership efforts with the DFSA.
Find regulatory solutions to regulatory challenges on a timely basis.
Act as the money laundering reporting officer in terms of establishing client due diligence practices, AML/KYC training on a regular basis, processes for reporting suspicious activity, producing an annual report to the Central Bank of UAE Audit Committee.
Build an effective and collaborative working relationship with the DFSA and act as a central point of contact for and manage any DFSA examinations.
Keeping compliance documentation up-to-date, including the compliance manual and all related policies and procedures.
Act as a control for the businesses departments.
Provide timely local regulatory advice and recommendations to the business departments and senior management on DFSA regulatory matters and proactively monitors business specific regulatory developments.
Deal with non-routine correspondence to the DFSA (e.g. product approvals, notifications, license applications/variations).
Qualification: Bachelor’s degree in Business, Finance or Law from a reputed university
Experience: 5+ years of experience in a Regulatory Compliance and/or Financial Crime with top tier international bank. The candidate must be having knowledge of local and international financial regulations i.e. Central Bank of UAE, DFSA, SEC, FSA etc.