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Compliance Specialist for Private Banking

2 months ago


Dubai, Dubai, United Arab Emirates TAAHEED Full time
Job Title: Compliance Officer, Private Banking

TAAHEED is partnering with a leading Banking group to attract top talent for their Global Wealth area. We are seeking a high-calibre Compliance professional to support the Head of Compliance in ensuring the activities of Private Banking are conducted in accordance with regulatory requirements.

Key Responsibilities:
  1. Provide decision support and assist in the development, implementation, and compliance-related administration of Private Banking activities.
  2. Conduct desktop monitoring activities to ensure compliance with regulatory requirements.
  3. Upload quality assurance requirements on cases submitted by Relationship Managers.
  4. Offer advice on the implementation of new and/or amended regulations and policies from regulators.
  5. Perform daily transaction monitoring and raise queries/reports on suspicious activity.
  6. Collaborate with the Manager to ensure fulfillment of all regulatory requirements and adherence to standards set by the Central Bank of UAE.
  7. Prepare and issue the weekly Compliance Bulletin summary.
Requirements:
  1. University graduate with relevant qualifications.
  2. Experience and awareness in compliance, auditing operations, and administration procedures in the financial services industry, with circa 4 years.
  3. Sound knowledge of the wealth management and compliance industries, stemming from a financial institutions background.
  4. Preference will be given to candidates from the Private Banking/Wealth Management industry.
  5. Relevant experience in Anti Money Laundering and Compliance Monitoring.
  6. Local market knowledge of the UAE/GCC, preferably also international centres.
  7. Good verbal and written communication skills.
  8. Bilingual – In English and Arabic (preferred).
About TAAHEED:

TAAHEED delivers pioneering recruitment solutions and consultancy services to MENA organizations that believe human capital is the major driver in building a 'best-in-class' team or company.