RAKBANK
Associate Vice President – Compliance Assurance & Monitoring
- Permanent
- Ras Al Khaimah, United Arab Emirates
- Experience 5 - 10 yrs
Job overview
Date posted
06/08/2025
Location
Ras Al Khaimah, United Arab Emirates
Salary
AED 30,000 - 40,000 per month
Compensation
Comprehensive package + relocation
Experience
5 - 10 yrs
Seniority
VP/Executive
Qualification
Bachelors degree
Expiration date
20/09/2025
Job description
In this role, you will be responsible to lead the Compliance & Monitoring function, ensuring the organization adheres to all relevant regulatory requirements and internal policies with respect to Financial Crimes Compliance. The role involves developing and implementing compliance monitoring programs, conducting regular assessments, and providing strategic guidance to mitigate compliance risks. The Associate Vice President will support the Head of Compliance Assurance & Monitoring in maintaining a robust FCC compliance framework and promoting a culture of compliance and ethical behaviour across the organization.
Required skills
Key responsibilities
- Develop and continuously improve a structured compliance monitoring framework aligned with regulatory expectations and internal risk appetite.
- Lead thematic reviews, targeted audits, and deep dives to evaluate control effectiveness across high-risk areas.
- Oversee the identification, documentation, and escalation of compliance breaches, ensuring timely remediation and transparency.
- Manage a robust tracking system for compliance issues, corrective actions, and reporting across business units.
- Review and approve updates to compliance policies and procedures, ensuring uniform application of standards across the organization.
- Act as a subject matter expert on complex compliance topics, supporting control design and implementation.
- Provide strategic guidance to compliance monitoring, aligning with the bank’s vision and risk strategy.
- Champion a proactive compliance culture, embedding ethical conduct and risk awareness in operational practices.
- Monitor and integrate regulatory changes (e.g., CBUAE, FATF) into the compliance framework and ensure timely submission of related reports.
- Serve as a liaison with regulatory authorities during inspections and audits, ensuring accurate representation and responses.
- Lead, mentor, and coach the compliance monitoring team, reviewing outputs and enhancing performance through ongoing feedback.
- Collaborate with control functions and business units to drive compliance awareness and reinforce shared accountability.
Experience & skills
- Bachelor’s or Master’s degree in Finance, Law, Business Administration, or a related field.
- Relevant professional certifications such as CAMS, CCEP, or equivalent preferred.
- Minimum of 7 years of experience in compliance, risk management, or a related field.
- Strong understanding of regulatory requirements and industry best practices.
- Ability to interpret and apply complex regulatory frameworks such as CBUAE and FATF.
- Demonstrated leadership capabilities in managing compliance teams.
- Experience working in the banking and finance industry.