Compliance Manager – Retail Compliance

This is a fully remote position, open to applicants in United Arab Emirates (UAE).

📋 Description

• Lead the MGN Business Banking team and manage squad operations within Business Banking Compliance.

• Act as the RBG Compliance contact for digitization and automation projects in collaboration with Business, Compliance Digital Studio, and Innovation.

• Perform quality checks on key deliverables across compliance squads in the Retail Banking Group.

• Ensure squad activities comply with regulatory standards and internal policies.

• Provide strategic direction, lead designated teams, and propel digital transformation initiatives.

• Keep abreast of relevant regulatory guidelines.

• Assist with assigned RBG Compliance projects.

• Execute quality checks for auto discounting and alerts related to high-risk nationalities.

• Centralize and oversee RBG incidents requiring CPR Standards evaluation and escalation for CBUAE reporting.

• Stay informed about regulatory expectations, bank policies, and standards.

• Ensure departmental procedures are in line with regulations and bank policies.

• Deliver compliance training to relevant stakeholders.

• Provide advice on name-screening matches and enhanced due diligence for high-risk business accounts.

• Prepare compliance report analyses concerning high-risk reviews and name screening for senior management.

• Address audit inquiries and represent compliance in ad hoc projects.

• Perform quality assurance checks for the Retail Compliance team.

• Lead and manage the compliance team, including mentoring and overseeing performance.

• Propel digital transformation initiatives involving automation, AI integration, and dashboard development.

• Represent compliance in strategic cross-functional meetings and projects.

• Identify and escalate high-risk nationality alerts that may not adhere to discounting guidelines.

• Ensure compliance with Consumer Protection Regulation in incident reporting to CBUAE.

• Maintain documentation and audit trails of incidents, evaluations, and regulatory communications.

• Assess high-risk referrals and PEP relationships.

• Participate in product, system, and policy development.

• Recognize and escalate deviations to management.

• Identify and address challenges related to automation and digitization initiatives.

• Evaluate compliance risks and recommend mitigation strategies.

• Make decisions on high-risk and name-screening referrals for onboarding and KYC processes.

• Contribute to product development, system enhancements, policies, and procedures.

• Identify and report issues to facilitate timely resolution.

• Support management with process improvements for onboarding, KYC, and advisory.

⛳️ Requirements

• Bachelor’s degree with 7–10 years of experience in banking, particularly KYC/EDD for business and corporate clients.

• Excellent communication skills.

• Understanding of UAE regulations.

• Proficient in Excel, presentation skills, and AI tools.

• Strong logical problem-solving and decision-making skills.

• Experience in coordinating and supporting compliance processes and system solutions.

• Demonstrated leadership and team management experience.

• Proven experience in implementing digital transformation initiatives within compliance.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Opportunities for professional development and career advancement.

• Comprehensive health and wellness programs.

• Flexible working arrangements and work-life balance support.