Compliance Officer

Job Overview

The Compliance Officer role involves developing and updating compliance frameworks to ensure full alignment with DFSA regulatory requirements. The incumbent will manage the AML/CTF systems, leading customer due diligence processes and sanctions screening, while acting as the key liaison with regulatory bodies.

Key Responsibilities

• Design, revise, and sustain compliance policies, procedures, and internal controls in adherence to Dubai Financial Services Authority standards.
• Implement and oversee AML/CTF programs, conducting risk assessments and carrying out sanction checks and enhanced due diligence reviews.
• Serve as the primary regulatory contact, addressing inquiries, coordinating regulatory inspections, and managing ongoing supervision efforts.
• Advise senior management and client-facing teams on regulatory risks, ethical standards, client classification, financial advertisement compliance, and market conduct rules.
• Facilitate training programs on regulatory requirements and anti-money laundering practices for front-line and support staff as mandated by the DFSA.
• Conduct investigations, document findings, and report any compliance violations or suspicious activities to the DFSA regulatory authority.

Qualifications and Experience

• Possession of a bachelor’s degree or higher in law, finance, accounting, risk management, or related field.
• Minimum of 5 years in compliance roles within financial services, ideally with exposure to securities brokerage or investment firms regulated by DFSA.
• Professional qualifications such as CAMS or ICA Diploma are desirable; adherence to DFSA’s continuing professional development criteria is required.
• In-depth knowledge of DFSA regulations (including GEN, COB, AML, PIB) and UAE anti-money laundering laws; excellent drafting, communication, and interdepartmental coordination capabilities.
• Proficient in English, both verbal and written; Arabic language skills considered beneficial.