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Director of Risks and Compliance
- Permanent
- Dubai, United Arab Emirates
- Experience 10 - 15 yrs
Job expiry date: 09/12/2026
Job overview
Date posted
25/10/2026
Location
Dubai, United Arab Emirates
Salary
AED 40,000 - 50,000 per month
Compensation
Comprehensive package + relocation
Experience
10 - 15 yrs
Seniority
Director
Qualification
Bachelors degree
Expiration date
09/12/2026
Job description
Central Bank of the UAE (CBUAE) rules on SVF, RPSCS and consumer protection, alongside international standards such as GDPR, set the frame for this Director of Risks and Compliance in EITC's financial services business. Risk, compliance, AML and fraud policy all sit under you, along with establishing and supervising the Risk & Compliance functions. The risk strategy and risk appetite are yours to shape, together with the Enterprise Risk Management Policy and the limits and tolerances that go to the BRCC for approval. Material risks on existing and new products are assessed and reviewed, and breaches of risk appetite limits need clear corrective action plans. Board and BRCC reporting is regular, as is direct contact with the CBUAE on behalf of the company. On the AML side, you assess money laundering risk, oversee systems, controls and training, and report suspected cases to the UAE Financial Intelligence Unit (FIU). Thematic reviews and complaint data analysis keep consumer protection and the code of conduct under watch. Candidates need at least 12 years in Risks and Compliance teams within fintech or banking, previous Board-level reporting experience and a good understanding of payments, e-money or wallet products.
Required skills
Key responsibilities
- Manage the company's risk, control and fraud policy and ensure regulatory compliance
- Establish and supervise the Risk & Compliance functions
- Ensure implementation of the BRCC-approved Risk Management Policy and related procedures
- Oversee development of the Enterprise Risk Management Policy and risk management initiatives
- Define the risk strategy and risk appetite
- Review the assessment of material risks for existing and new products and activities
- Liaise with the Board and BRCC on approval of risk policies, procedures and frameworks
- Endorse risk parameters, limits and tolerances for BRCC approval
- Monitor the company's risk profile and adherence to risk appetite limits
- Evaluate corrective action and risk mitigation plans for risk issues and limit breaches
- Recommend risk management reports for presentation to the Board and BRCC
- Assess the effectiveness of governance, systems and controls and advise the CEO and Board on remediation priorities
- Conduct thematic reviews and complaint data analysis to monitor consumer protection and code of conduct adherence
- Identify money laundering risk and oversee AML systems, controls and training
- Report suspected money laundering to the UAE Financial Intelligence Unit (FIU)
- Verify that internal controls are properly developed and implemented
- Represent the company with regulators and supervisors on risk management matters
- File required reporting with the Central Bank of the UAE
- Brief the Board on relevant information and updates from the CBUAE
Experience & skills
- Hold a degree in Risks, Audit, Law or a related field
- Bring at least 12 years of experience within Risks and Compliance teams
- Demonstrate experience in the fintech or banking industry
- Show direct experience dealing with the Central Bank
- Offer previous Board-level experience or a proven ability to report directly to the Board
- Know UAE regulations, particularly Customer Protection, SVF and RPSCS
- Understand international best practice such as GDPR
- Possess a good understanding of payments, e-money or wallet products, banking functions or merchant processing
- Influence others and implement changes that reduce risk and strengthen compliance
- Communicate regulatory updates to the Board promptly and clearly