Compliance Specialist

Job Description

Position: Compliance Specialist

Date posted: 2024-12-04

Industry: financial services

Employment type: Full Time

Experience: 2 year

Qualification: Bachelor’s Degree holder

Salary: AED 8500

Location: Dubai, United Arab Emirates

Company: Confidential

Description:

We are hiring for one of our clients. a leading financial services provider dedicated to delivering innovative solutions is looking for a Compliance Specialist to join their highly motivated team in Dubai.

Job Description:

The Compliance Specialist is responsible for ensuring that the company complies with local laws, regulations, and guidelines related to KYC, AML, CFT, and other compliance areas.

Conduct KYC, AML, CFT, CDD, and EDD procedures for new and existing clients (individual and corporate customers) and clearing any issues relating to onboarding of new customers.

Monitor and review client transactions for suspicious or fraudulent activities and prepare Suspicious Activity Reports (SAR) and Suspicious Transaction Reports (STR) as required and assist for timely submissions.

Ensure compliance with local regulations, such as FIU & Central Bank of UAE, as well as international regulations, such as FATF Recommendations.

Qualification:

• A minimum of a bachelor’s degree in finance, Business, Law or a related field. (A master’s degree in law will be an advantage).
• Certified Anti-Money Laundering Specialist (CAMS) or similar certification is preferred.
• Strong knowledge of the UAE’s legal and regulatory framework, CBUAE’s regulations, guidelines.

Experience:

• A minimum of 2 years of relevant experience in a bank, regulated financial institution, or Exchange house or banks in UAE.

Salary: Up to AED 8500

Location: DSO , Dubai.