Compliance Officer (UAE National)

Job Description

As the Compliance Officer, you will be responsible for supporting the reporting line manager and team in the timely review of all new accounts being on-boarded. Assist in all the periodic reviews of existing accounts, maintaining different reports for MI purposes, follow up on any client documentation issues, support in collating information for updating policies and guidelines and for maintaining files for record keeping. Ensure prompt reporting on reviews is done. Management of various MI reports and monthly reports, administration of the KYC and documentation remediation project. Collate key required information for reporting purposes and ensure timely and accurate submission. Transaction monitoring back-up when the designated person is out of office. Provide support during all audits.

The overall responsibility of the role includes the following:

• Effective handling of high-risk accounts and ensuring that all accounts are reviewed within agreed turnaround time (TAT).
• Review/Approval of PEP Relationships and Annual Reviews as per policy.
• Relationship Management Approvals (RMAs) and Account Opening Requests from IIB
• Assessing WorldCheck matches
• Provide accurate MI to the AML Manager at the end of each week.
• All tasks assigned by the Line Manager are to be completed within the prescribed deadlines.
• Investment related Applications (Bond/Insurance etc).
  
  

To be successful in this role, you will need the following skills and experience:

• Bachelor’s degree
• Prior experience of 2 years in an AML/ Compliance role or a Risk function in a bank or other financial services/ regulatory body.
• ACAMS or Professional certifications in AML, Compliance or Risk.
• Hands-on experience handling high-risk accounts.
• Understanding of UAE Central Bank regulations related to AML and Compliance.
• Knowledge and understanding of account opening documents and company formation documents.
  
  

What we offer you:

• Competitive salary package
• Market-leading incentives
• Strong emphasis on work-life balance and wellbeing across the bank
• Preferential banking facilities for employees
• Generous annual leave entitlement and Private Healthcare
• World-class Learning & Development platform and career development