Senior Officer - Regulatory Compliance

1. POSITION PURPOSE:

To support the Regulatory Compliance function in designing, overseeing and monitoring the implementation of applicable regulatory requirements, regulatory compliance framework and annual compliance plan.

B. ESSENTIAL FUNCTIONS AND BASIC DUTIES:

• Assist in performing gap assessment of existing and new regulations across all relevant regulators which are applicable to the Group’s businesses
• Constantly monitor the progress of remediation action plans and follow up with respective stakeholders for timely and satisfactory closure
• Collaborate with various internal stakeholders to provide timely solutions for maintaining adherence to regulatory requirements
• Conduct compliance monitoring activities across the Group on a monthly basis
• Escalate all observations of non-compliance to the line manager in a timely manner
• Continuously track regulatory developments, monitor evolving regulatory environment, and support in identifying and implementing necessary changes within the Group’s internal policies and procedures to ensure alignment with the applicable regulations
• Any additional tasks as required by the immediate line of authority

C. WHAT WE ARE LOOKING FOR:

• Bachelor's or Master's degree in Business Management, Administration, Risk Management, Finance, or a related field.
• Minimum of 5 years of experience in the banking or financial services industry, ideally in compliance, audit, or governance-related functions.
• Strong understanding of regulatory requirements, particularly those from the Central Bank of the UAE and other relevant regulatory bodies (e.g., Securities & Commodities Authority, Department of Economy & Tourism).
• Excellent analytical, research, and problem-solving skills.
• Exceptional time management and organizational skills, with the ability to meet tight deadlines.
• Strong business acumen and the ability to understand the impact of regulatory changes on the business.
• Ability to adapt to changing business requirements and work under pressure.
• Strong communication and interpersonal skills, with a professional approach to both internal and external stakeholders.