Compliance Manager

Job Description

Job SummaryThe Compliance Manager is responsible for leading, developing, and overseeing the company's compliance framework to ensure full adherence to UAE regulations governing precious metals trading, Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) requirements, sanctions compliance, and internal governance policies. The role is responsible for fostering a strong compliance culture, mitigating regulatory and operational risks, and serving as the primary point of contact with regulatory authorities and external auditors.Key Responsibilities Develop, implement, and continuously enhance the company's compliance and AML/CFT framework in line with UAE laws, regulatory requirements, and industry best practices. Ensure full compliance with all applicable UAE regulations governing gold and precious metals trading. Lead the implementation and periodic review of AML/CFT, sanctions, KYC, CDD, and EDD policies and procedures. Oversee Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) processes, ensuring compliance with regulatory standards. Monitor customer transactions and business activities to identify suspicious transactions, unusual patterns, or potential regulatory breaches. Review, approve, and submit Suspicious Transaction Reports (STRs) and other regulatory filings within prescribed timelines. Oversee sanctions screening of customers, suppliers, beneficial owners, and business partners against applicable sanctions and watchlists. Conduct enterprise-wide compliance risk assessments and develop mitigation strategies to address identified risks. Establish and monitor key compliance controls, policies, and procedures to minimize regulatory exposure. Maintain comprehensive compliance records, registers, documentation, and audit trails in accordance with regulatory retention requirements. Monitor changes in UAE laws, regulations, and guidance, and ensure timely implementation of required policy and procedural updates. Lead internal compliance reviews and support regulatory examinations, external audits, and inspections. Develop and implement corrective action plans arising from compliance reviews, audits, or regulatory findings. Prepare regular compliance reports, dashboards, and Key Risk Indicators (KRIs) for senior management and executive leadership. Design, deliver, and oversee compliance awareness and AML training programs for all employees. Provide compliance advice to management and business units on new products, customers, transactions, and operational matters. Liaise with regulators, law enforcement agencies, auditors, financial institutions, and other external stakeholders on compliance-related matters. Promote a culture of ethics, integrity, and regulatory compliance across the organization. Supervise and mentor Compliance Officers or other compliance personnel where applicable.Qualifications Bachelor's degree in Law, Finance, Business Administration, Accounting, Risk Management, or a related field. Professional certification such as Certified Anti-Money Laundering Specialist (CAMS), International Compliance Association (ICA), or equivalent is strongly preferred. Minimum 5?8 years of compliance experience, including at least 2 years in a supervisory or management role, preferably within gold trading, precious metals, banking, financial services, or another regulated industry. Strong knowledge of UAE AML/CFT regulations, sanctions compliance, KYC/CDD/EDD requirements, and regulatory reporting obligations. Thorough understanding of UAE regulatory requirements applicable to precious metals dealers and designated non-financial businesses and professions (DNFBPs). Experience interacting with regulators, auditors, and external stakeholders.Skills & Competencies Strong leadership and people management skills. Excellent analytical, investigative, and problem-solving abilities. Strong understanding of compliance risk management and internal controls. Excellent communication, presentation, and report-writing skills. High ethical standards, integrity, and professional judgment. Ability to manage multiple priorities in a fast-paced regulatory environment. Strong decision-making and stakeholder management skills. Proficiency in Microsoft Office, particularly Excel, Word, and PowerPoint. Experience with AML monitoring, sanctions screening, and compliance management systems is an advantage.Key Performance Indicators (KPIs) Regulatory compliance with zero or minimal significant findings during audits and inspections. Timely completion and quality of KYC, CDD, and EDD reviews. Accurate and timely submission of STRs and all regulatory reports. Effective implementation of compliance policies and regulatory changes. Reduction in compliance incidents, policy breaches, and regulatory risks. Successful completion of internal and external compliance audits. Employee compliance and AML training completion rates. Timely resolution of compliance issues and audit observations. Quality and timeliness of compliance reporting to senior management. Continuous improvement of the organization's compliance framework and risk management processes.Skills In-depth knowledge of UAE AML/CFT regulations, sanctions compliance, and KYC/CDD/EDD requirements. Strong understanding of regulatory obligations applicable to precious metals dealers and designated non-financial businesses and professions (DNFBPs). Proven leadership and team management abilities. Excellent analytical, investigative, and risk assessment skills. Strong knowledge of compliance monitoring, transaction monitoring, and sanctions screening systems. Ability to identify, assess, and mitigate regulatory and operational risks. Excellent verbal and written communication, report writing, and presentation skills. Strong problem-solving and decision-making capabilities. Ability to interpret and apply complex regulatory requirements to business operations. High level of integrity, professionalism, and ethical judgment. Strong organizational and project management skills with the ability to manage multiple priorities. Experience in regulatory reporting, including Suspicious Transaction Reports (STRs) and compliance documentation. Ability to conduct compliance training and promote a strong compliance culture across the organization. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, and Outlook). Experience working with compliance management systems, AML software, and sanctions screening tools. Strong stakeholder management skills with the ability to liaise effectively with regulators, auditors, financial institutions, and senior management. Ability to work independently while collaborating effectively across departments. Commitment to continuous learning and staying current with evolving regulatory requirements and industry best practices.

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