Compliance Officer - UAE National - International Bank (Associate Analyst level)

Company not disclosed

Dubai, United Arab Emirates
Salary not specified
Posted
Full-time
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Job Description

International Bank in DIFC: Key Responsibilities - Participate in the implementation of the bank’s compliance control organization (policies, procedures, systems & controls). - Participate in the strengthening of the governance of the Compliance function, including but not limiting to regulatory watch and participation in local and global projects and innovation initiatives. - Issue compliance and financial security opinions on compliance risks related to counterparties and transactions. - Investigate alerts and make decisions on the dispensation of the alerts. - Perform controls to assess effectiveness of the compliance risk management framework. - Provide guidance and feedback to operational and middle office staff performing first level controls on transactions and KYC’s. - Maintain close contact across internal departments in order to anticipate and proactively address compliance issues as well as disseminate compliance culture. - Contribute to the staff training program in relation to compliance topics. - Support the Compliance Manager to assess the compliance impact of new products and activities and issue compliance opinions. - Maintain an updated knowledge of changing compliance policies and regulatory requirements and support the Compliance Manager to assess impact on policies and processes. - Support the Compliance Manager in regulatory interactions, including reporting requirements and other correspondence. - Organize the compliance committees including information packs, and represent the compliance function in other control committees as assigned. - Provide back-up to other members of the team during absences Qualifications Bachelor’s degree minimum. Experience Between 2-5 years of experience in the wholesale / corporate / private banking segment within a major international bank preferably with exposure to multiple jurisdictions, including at least 2 years in an independent compliance function – though experience in compliance related positions or other control functions (e.g. Risk) may also be considered. Experience in the Middle-East region is required. Skills Technical Skills - Financial security (AML/Sanctions) risk assessment - Knowledge of and experience in the main activities of investment and corporate banking services General Skills - Analytical and communication skills required as well as the ability to cooperate/work effectively across disciplines. Language Skills - Must be completely fluent in Arabic and English (written and spoken).

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