Organization Unit Purpose
The Wealth Management Compliance Unit is responsible for ensuring that all Wealth Management activities, products, and services operate in full compliance with applicable regulatory requirements, internal policies, and international best practices. The unit safeguards the Bank against regulatory, financial, and reputational risks by overseeing adherence to UAE Central Bank, SCA, and other relevant regulatory frameworks. It provides advisory support to the Wealth Management business, conducts compliance monitoring and reporting, reviews new products and services, and ensures timely implementation of regulatory updates. Through proactive oversight, structured monitoring, and effective stakeholder engagement, the unit aims to foster a strong compliance culture while enabling business growth within a controlled and well-governed environment.
Main Responsibilities
- Conduct compliance monitoring reviews of Wealth Management products, services, and investment activities to ensure alignment with regulatory requirements and internal policies.
- Review and assess new products, proposals, agreements, and business initiatives, providing timely compliance approvals and advisory support.
- Monitor regulatory updates (UAE Central Bank, SCA, etc.), assess their impact, and ensure proper implementation within the Wealth Management business.
- Prepare and maintain accurate compliance reports, MI, and regulatory submissions, escalating key findings and issues to senior management.
- Support audits, regulatory inspections, and internal investigations, ensuring proper documentation, follow-up, and remediation of identified gaps.
Main Requirements
- Bachelor's degree in Finance, Business Administration, Law, or a related discipline.
- 1-3 years of experience in Compliance, Wealth Management, or Retail Banking within a regulated financial institution.
- Strong knowledge of UAE regulatory frameworks (UAE Central Bank, SCA) and investment compliance requirements.
- Excellent analytical, reporting, and problem-solving skills with high attention to details.
- Strong communication and stakeholder management skills with the ability to interact confidently at all levels of management.
