Compliance Officer - Wealth Management - UAE

Compliance Officer UAE

Full Time

Location: UAE

A Compliance Officer is required by a prestigious financial wealth management firm to play a crucial role in ensuring compliance with regulatory standards and industry best practices within the UAE. This individual will collaborate closely with the firms senior management financial advisors and various key stakeholders to foster a culture of compliance and integrity across the organization. The responsibilities of this position include the development implementation and oversight of compliance programs as well as delivering regulatory guidance and training to staff.

Responsibilities:

Develop and enforce comprehensive compliance policies procedures and controls tailored to wealth management aligned with UAEs legal regulatory and industry standards.

Perform routine compliance risk assessments and audits identifying and mitigating potential noncompliance issues.

Stay updated on regulatory changes and industry trends ensuring the firms compliance framework remains current and effective.

Offer regulatory guidance and training to staff focusing on antimoney laundering (AML) know your customer (KYC) and suitability protocols.

Ensure client onboarding processes comply with KYC and AML regulations conducting thorough due diligence as required.

Manage the process for identifying and reporting suspicious transactions in line with AML/CFT regulations.

Work collaboratively with legal risk management and operations teams to resolve compliance issues respond to regulatory inquiries and implement necessary corrective measures.

Act as the main contact for regulatory examinations audits and inquiries facilitating prompt and accurate communication.

Maintain comprehensive records of compliance activities including audits training and regulatory correspondence ensuring accuracy and completeness.

Keep abreast of regulatory developments industry best practices and emerging compliance challenges advising on program enhancements as needed.

Qualifications:

Bachelors degree in business administration law or related field.

Relevant professional certifications (e.g. CAMS CFE CRCM).

Demonstrated experience in compliance within the financial services sector with a strong focus on regulatory compliance and risk management.

Extensive knowledge of the UAEs financial services regulatory framework including regulations from the Securities and Commodities Authority (SCA) and the Central Bank of the UAE.

Deep understanding of AML/CFT regulations KYC procedures and suitability criteria for wealth management clients.

Exceptional communication and interpersonal skills capable of engaging effectively with all organizational levels.

Analytical skills with the capability to navigate complex regulatory requirements and devise practical compliance solutions.

Ability to manage multiple tasks and priorities in a fastpaced environment with meticulous attention to detail and accuracy.

A strong sense of integrity professionalism and dedication to ethical standards and regulatory compliance.

Remote Work :

No