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Compliance Manager

Location: Dubai
Salary: AED 12,000 – 15,000
Job Code: 267/001/679
Industry: Money Exchange
Working Days: 6 days a week
Working Hours: 9 AM - 7 PM

Job Brief:
We are seeking a Compliance Manager with extensive experience in the Money Exchange industry. The ideal candidate must possess in-depth knowledge of compliance regulations, risk management, and regulatory reporting requirements in the UAE. This role requires a proactive leader who can develop, implement, and oversee compliance frameworks while ensuring adherence to local and international regulatory standards.

Job Responsibilities:
  • Develop, implement, and monitor compliance policies and procedures in line with UAE regulatory requirements.
  • Ensure adherence to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations.
  • Conduct risk assessments to identify compliance vulnerabilities and implement corrective actions.
  • Monitor transactions to detect and investigate suspicious activities.
  • Ensure company-wide compliance with Central Bank of UAE (CBUAE) regulations.
  • Train employees on compliance policies, AML/CFT regulations, and ethical business practices.
  • Liaise with regulatory authorities and represent the company in audits and compliance inspections.
  • Stay updated with regulatory changes and ensure timely implementation of new requirements.
  • Review customer due diligence (CDD) and enhanced due diligence (EDD) procedures.
  • Manage internal and external audits related to compliance matters.
  • Develop and maintain strong relationships with key stakeholders, including regulatory bodies and financial institutions.
  • Lead and mentor the compliance team, fostering a culture of integrity and regulatory excellence.

Manage regulatory reporting requirements, including:
  • Suspicious Transaction Report (STR)
  • Suspicious Activity Report (SAR)
  • PNMR Report
  • IEMS Compliance
  • Prohibition of Transfer Regulations
  • RFI CBUAE Report
  • Market Conduct Report
  • Examinations CBUAE Report
  • Internal Audit Compliance
  • Money Laundering Reporting Officer (MLRO) Report
  • Biannual and Semi-Annual Compliance Reports
  • Gaps and Unresolved Items Report
  • Money Laundering/Terrorist Financing (ML/TF) Report
  • Typologies Reports (including Risk Assessment, etc.)
  • Compliance Policies (e.g., Customer Onboarding Policy, Governance, etc.)
  • AML/CFT Policy Reports
Job Requirements:
  • Minimum 10 years of compliance experience within the Money Exchange industry.
  • Bachelor’s degree in Finance, Business Administration, Law, or a related field (a Master’s degree or compliance-related certification is an advantage).
  • Professional compliance certifications such as CAMS, ICA, or equivalent are preferred.
  • Strong understanding of UAE compliance regulations, including AML, CFT, and Central Bank of UAE (CBUAE) guidelines.
  • Proven ability to lead and manage compliance teams, ensuring regulatory adherence across the organization.
  • Strong expertise in identifying, assessing, and mitigating compliance risks.
  • Excellent verbal and written communication skills in English; proficiency in Arabic is an advantage.
  • Ability to analyze complex regulatory frameworks and provide strategic compliance solutions.
  • High level of accuracy in regulatory reporting and risk assessment.
  • Male candidates are preferred for the role.
  • Age: Under 40 years

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