Assistant Compliance Manager - Wealth Management

About the Role

The Wealth Management Compliance Unit plays a critical role in ensuring that all wealth management products, services, and activities adhere strictly to relevant regulatory standards, internal policies, and globally recognized best practices. This unit protects the bank from financial, regulatory, and reputational risks by enforcing compliance with UAE Central Bank, SCA, and other pertinent regulations. It serves as a compliance advisory body, conducts ongoing monitoring and reporting, evaluates new business initiatives, and guarantees timely application of regulatory changes. The unit promotes a culture of compliance that supports controlled business expansion and robust governance.

Key Responsibilities

• Perform compliance assessments and reviews for wealth management offerings to confirm conformity with regulatory mandates and internal guidelines.
• Evaluate new product launches, proposals, contracts, and business ventures to provide expedited compliance approvals and advisory services.
• Track and analyze regulatory updates from UAE Central Bank, SCA, and others, ensuring their effective integration within wealth management operations.
• Compile and sustain precise compliance documentation, management information reports, and regulatory filings; promptly escalate critical issues to senior leadership.
• Assist in audits, regulatory examinations, and internal investigations, ensuring thorough recordkeeping, corrective actions, and issue resolution.

Candidate Requirements

• Possess a bachelor's degree in finance, business administration, law, or related fields.
• Have between three to five years experience in compliance, wealth management, or retail banking in a regulated financial environment.
• Demonstrate strong familiarity with UAE’s regulatory structures such as the Central Bank and SCA along with investment compliance obligations.
• Exhibit excellent analytical capabilities, attention to detail, and proficiency in reporting and problem resolution.
• Possess effective communication skills and the ability to manage stakeholders at various organizational levels confidently.