Compliance Officer- UAE
dLocal
Date: 4 hours 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 ?
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
- 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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