Responsibilities
- Lead the creation and deployment of a scalable AML/CFT compliance strategy for UAE-regulated payment and stored value operations, aligned with global risk objectives and enhanced through AI, automation, and data analytics, with regular reporting to senior leadership and boards.
- Maintain and improve the organization's AML/CFT framework to combat financial crime, including money laundering and terrorist financing, in accordance with UAE laws such as Federal Decree-Law No. 20 of 2018, Cabinet Decision No. 10 of 2019, and regulatory standards from the CBUAE.
- Ensure continuous compliance with all relevant CBUAE licensing terms, payment regulations, and UAE financial legislation across both payment service and stored value entities, tracking changes and implementing necessary updates through a structured compliance assurance system.
- Act as the main liaison with the Central Bank of the UAE and the UAE Financial Intelligence Unit for audits, regulatory requests, and examinations, managing all suspicious transaction reports and required filings via the goAML platform.
- Oversee compliance with sanctions regimes by ensuring screening against the UAE’s national terrorist list, UN sanctions list, and international lists including OFAC, EU, and UK designations across both regulated entities.
- Develop and manage risk-based AML/CFT frameworks specific to the operational profiles of payment services and stored value facilities, addressing risks such as high-volume transactions, e-wallet misuse, prepaid instrument layering, and anonymous funding.
- Provide expert compliance advice to internal teams on product development and market expansion initiatives, and represent the organization in regulatory discussions and industry groups within the UAE and GCC region.
- Promote a culture of compliance by overseeing the delivery of targeted training programs that address regulatory requirements and risks specific to payment services and stored value products in the UAE.
Work Arrangement
Hybrid — Dubai
Other
- Fluency in English is required for effective communication.
- Proficiency in Arabic is beneficial but not mandatory.
- This is a hybrid role based in Dubai, requiring a combination of office and remote work.
