Compliance Associate - Quality Assurance & Monitoring

RAKBANK
Dubai
Workplace: OnsiteFull timeFunction: QA, Test & Release EngineeringExperience: 3+ yearsEducation: bachelorsSkills: ["Analytical thinking","Problem-solving","Stakeholder management","Attention to detail","Written and verbal communication"]

Assess the effectiveness of the bank’s AML/CFT framework by performing quality assurance reviews, identifying control gaps, and recommending corrective and remediation actions. Conduct AML/CFT risk assessments for emerging financial crime risks, monitor adherence to internal policies and regulatory obligations, and support policy governance and stakeholder reporting. Contribute to continuous improvement initiatives and deliver AML/CFT awareness and training across the organization.

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FursaFursa
RAKBANK
RAKBANK
2 days ago

Compliance Associate - Quality Assurance & Monitoring

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Last checked: 21 minutes agoStatus: Live

Job Summary

Assess the effectiveness of the bank’s AML/CFT framework by performing quality assurance reviews, identifying control gaps, and recommending corrective and remediation actions. Conduct AML/CFT risk assessments for emerging financial crime risks, monitor adherence to internal policies and regulatory obligations, and support policy governance and stakeholder reporting. Contribute to continuous improvement initiatives and deliver AML/CFT awareness and training across the organization.
Location: Dubai
Workplace: Onsite
Employment Type: Full time
Job Function: QA, Test & Release Engineering
Seniority: Mid level

Key Responsibilities

  • •Implement and maintain the AML/CFT framework in line with regulatory requirements and industry best practices.
  • •Conduct quality assurance reviews to assess AML/CFT policies, procedures, controls, and monitoring programs.
  • •Identify AML/CFT weaknesses and control gaps, recommend corrective actions, and develop/execute remediation plans.
  • •Perform AML/CFT risk assessments for emerging financial crime risks and support risk mitigation strategies.
  • •Monitor compliance with internal AML/CFT policies and regulatory obligations, support policy governance, and escalate/report suspicious activities as required.

Key Requirements

  • •Bachelor’s degree in Finance, Business Administration, Law, Compliance, Risk Management, or a related discipline.
  • •Minimum 3 years of experience in Compliance, AML, Financial Crime, or Risk Management.
  • •Experience in AML, KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Transaction Monitoring, or Financial Crime Compliance.
  • •Professional certifications in AML, Compliance, Risk Management, or related disciplines are an added advantage.
  • •Strong English communication and computer literacy skills.
Experience:3+ yearsAMLKYCFinancial crime complianceTransaction monitoringRisk management
Education:Bachelor's
Skills:Analytical thinkingProblem-solvingStakeholder managementAttention to detailWritten and verbal communication
Certifications:AMLComplianceRisk Management
Languages:English

Company Brief

RAKBANK
RAKBANK is a United Arab Emirates-based bank offering personal, business, and commercial banking services, including accounts, cards, loans, deposits, and digital banking products. It serves retail customers and SMEs across the UAE.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Ras Al Khaimah, United Arab Emirates
Founded: 1976
WebsiteLinkedIn