Compliance Officer- UAE

dLocal


Date: 3 weeks ago
City: Abu Dhabi
Contract type: Full time
Remote
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

What I will be doing ?

  • 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

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