Compliance Manager (CBDFS)

Join to apply for the Compliance Manager (CBDFS) role at Commercial Bank of Dubai Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services. CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022. As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile. You will assist in achieving CBDFS strategic and performance objectives by complying with regulatory requirements, promoting a compliance culture and environment within CBDFS. You will ensure CBDFS adheres to applicable legal standards and CBD Group policies and Procedures. You will embed compliance into CBDFS core values, ensuring adherence at all levels of business, and provide guidance on compliance matters. Responsibilities & Duties: Lead the CBDFS Financial Crime Compliance Function to identify, mitigate, and prevent Financial Crime risks. Review new policies and procedures for the CBDFS departments, including operations, brokerage, and customer services. Identify weaknesses and threats to implement necessary corrections, ensuring compliance with SCA Regulations and UAE Financial Markets rules. Develop and implement Anti-Money Laundering, Counter-Terrorist Financing, Sanctions, KYC, and AB&C policies and procedures. Conduct regular gap assessments to evaluate the effectiveness of CBDFS compliance frameworks and remediate gaps. Manage SCA inspections, develop inspection matrices, set timelines, and coordinate with stakeholders. Provide compliance advice and opinions across all departments, ensuring regulatory requirements are met. Report deviations from policies and incorporate them into policy reviews. Report issues related to reputational, credit, market, and operational risks, along with mitigation strategies. Implement and monitor the Compliance Self Risk Assessment (CRSA) process. Manage governance functions related to Margin Trading Clients. Support policy development to ensure compliance with SCA Rules and Regulations. Conduct sanctions compliance training and maintain records. Collaborate across departments to resolve compliance issues. Ensure activities comply with sanctions laws and international lists, preventing sanctions breaches. Review and investigate breaches and irregular activities, recommending corrective actions. Maintain the integrity of sanctions lists and screening systems. Requirements: Qualifications: Bachelor’s degree or equivalent in Finance & Administration. Professional certification in AML and Compliance. Experience in compliance planning, risk management, banking, or related fields; audit and legal background is a plus. Strong knowledge of SCA, DFSA, Nasdaq Dubai, ADX & DFM regulations. Understanding of international compliance standards and brokerage products. Excellent communication, presentation, and training skills. Proficiency in Microsoft Office. Fluent in English and Arabic. Experience: Minimum 10 years in banking or financial services, especially in compliance, risk management, or governance. Good understanding of banking concepts and operations. Skills & Competencies: Effective communication and initiative-taking. Achievement orientation and stress management. Strong planning, organizational, and analytical skills. Additional Details: Seniority level: Director Employment type: Full-time Job function: Legal Industry: Banking #J-18808-Ljbffr