Senior Compliance Assurance Specialist

The Role

The Senior Compliance Assurance Specialist within the Risk & Compliance Department and reporting to the Director of Risk & Compliance / MLRO is responsible for executing the Compliance Assurance Program and providing independent second-line oversight over the effectiveness of the Companys Compliance AML/CFT Sanctions Fraud Prevention Consumer Protection and Market Conduct frameworks .

The role conducts compliance monitoring thematic reviews quality assurance testing and regulatory assessments to evaluate adherence to applicable regulations internal policies and industry best practices. It identifies control weaknesses assesses regulatory and conduct risks recommends remediation validates closure of findings and supports continuous enhancement of the Compliance framework.

Duties and Responsibilities

• Execute the annual Compliance Assurance and Compliance Monitoring Plan .
• Conduct independent compliance reviews control testing thematic reviews deep-dive assessments and quality assurance activities across business units.
• Evaluate policies procedures systems processes and controls against applicable regulatory requirements.
• Assess compliance with AML/CFT Sanctions Fraud Prevention Consumer Protection and Market Conduct obligations.
• Document findings observations root causes risk assessments control gaps and recommendations.
• Prepare clear assurance reports for Management Executive Management and relevant Governance Committees.
• Track remediation actions and independently validate closure of findings.
• Conduct customer outcome and fair-treatment assessments covering customer journeys products communications disclosures complaints vulnerable customers and conduct risk.
• Monitor implementation of Consumer Protection and Market Conduct requirements identify gaps and prepare related management reporting.
• Conduct financial-crime assurance reviews covering AML/CFT sanctions screening transaction monitoring CDD EDD and suspicious activity reporting .
• Assess adherence to UAE AML requirements internal policies and regulatory expectations and evaluate the effectiveness of financial-crime controls.
• Validate remediation arising from compliance reviews audits regulatory examinations and other assurance activities.
• Support regulatory submissions management information reporting inspections examinations and regulatory information requests.
• Maintain compliance monitoring methodologies testing programs assurance documentation dashboards and management information reports.
• Maintain complete records of assurance activities findings risk assessments remediation actions and closure validation.
• Provide insights and recommendations to strengthen compliance controls and frameworks.
• Liaise with Operations Product Technology Risk Fraud Legal and other business functions during reviews and investigations.
• Promote a strong compliance and ethical culture and provide compliance guidance and awareness sessions when required.
• Monitor regulatory trends and assess their impact on the business and Compliance framework.
• Deliver assurance reviews within agreed timelines and support continuous improvement of compliance processes and controls.
• Promote fair customer outcomes and adherence to Consumer Protection requirements.
• Identify and appropriately escalate regulatory conduct compliance and financial-crime risks.
• Communicate findings and recommendations effectively to senior stakeholders.
• Provide guidance coaching and support to junior team members where applicable.
• Maintain high standards of accuracy documentation quality professional judgment and attention to detail.
• Support delivery of key performance measures covering:
  • Completion of the annual Compliance Assurance Plan.
  • Timely completion of monitoring reviews.
  • Quality and effectiveness of assurance reports.
  • Remediation closure rates.
  • Regulatory compliance adherence.
  • Consumer Protection and Market Conduct outcomes.
  • Support of regulatory examinations and audits.
  • Management and stakeholder satisfaction.

Requirements

• Bachelors Degree in Finance Law Compliance Risk Management Business Administration Accounting or a related discipline.
• CAMS certification is mandatory.
• ICA Advanced Certificate CFE CRCM or similar compliance or risk certifications are preferred.
• Minimum 6 years of experience in Compliance Financial Crime Compliance Compliance Monitoring Compliance Assurance Internal Audit Risk Management or Regulatory Compliance.
• Experience within FinTech Digital Banking Payment Services Exchange Houses or regulated financial institutions is preferred.
• Demonstrated experience in:
  • Compliance Assurance and Monitoring Programs.
  • Regulatory compliance testing.
  • AML/CFT and sanctions reviews.
  • Consumer Protection and Market Conduct oversight.
  • Regulatory reporting.
  • Root-cause analysis and remediation management.
  • Audit and assurance activities.
• Strong knowledge of UAE regulatory requirements including CBUAE regulations and guidance .
• Strong understanding of AML/CFT sanctions fraud prevention and financial-crime compliance frameworks .
• Knowledge of Consumer Protection and Market Conduct requirements.
• Experience with compliance monitoring methodologies and assurance testing.
• Strong analytical investigative problem-solving stakeholder-management and communication skills.
• Excellent report-writing and presentation capabilities.
• Proficiency in Microsoft Excel PowerPoint and reporting tools .
• Ability to work independently manage multiple priorities and deadlines and exercise sound professional judgment.
• Ability to communicate and influence senior stakeholders and support junior team members where applicable.
• Required competency levels:
  • Strategic Thinking Level 4
  • Achieving Results Level 5
  • Leading Change Level 3
  • Customer Focus Level 2
  • Team Leadership Level 3
  • Risk Awareness Level 5
  • Communication & Influencing Level 4
  • Attention to Detail Level 5

Gross Salary: 12000 - 15000 AED

Benefits: Company provided visa health insurance yearly airfare

Employment Type : Full Time
Experience: years
Vacancy: 1
Monthly Salary Salary: 12000 - 15000