Compliance Officer- UAE
dLocal -
Dubai, United Arab Emirates
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Job Description
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
What skills and qualifications do I need?
Bachelor's 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
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
What skills and qualifications do I need?
Bachelor's 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
Job Requirements
Candidates should have a Bachelor's degree and 4-6 years of experience in compliance within the financial services industry.
Additional certifications in AML and knowledge of UAE regulations are essential.
Additional certifications in AML and knowledge of UAE regulations are essential.