Job Title: Compliance Associate

Location: Dubai, UAE

Department: Risk & Compliance

Reports To: MLRO and Compliance Officer

Position Type: Full-Time

 

 

Position Summary:

The Compliance Associate will play a crucial role in supporting the Risk & Compliance department at CSC Dubai, a regulated CSP (Corporate Service Provider) Supervised by ADGM and DFSA frameworks. This position is ideal for an individual with at least 2 years of UAE experience in a compliance-related role within the financial services or corporate sector. The successful candidate will assist in ensuring adherence to regulatory requirements, conducting compliance monitoring activities, and providing support to the MLRO and Compliance Officer in day-to-day operations.

 

Some of the things you’ll be doing:

 

Regulatory Compliance Support:

 

Assist in ensuring compliance with relevant laws, regulations, and internal policies (FSRA, ADGM, DFSA). Support the Risk & Compliance team in implementing and maintaining compliance programs and processes. Conduct regular checks and reviews of compliance documentation to ensure they meet regulatory standards.

 

Client Onboarding and Due Diligence:

Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of clients to assess risks and ensure regulatory compliance. Maintain and update client records in line with the company's Know Your Customer (KYC) policies and regulatory obligations.

 

Sanctions Screening:

Perform sanctions screening of new and existing clients against global sanctions lists (OFAC, UN, EU, etc.), identifying and reporting any matches in line with company procedures. Ensure all transactions are screened for sanctions risks, and escalate any potential hits to the MLRO for further investigation. Maintain accurate records of sanctions screenings and report any potential violations to the relevant authorities.

 

Monitoring and Reporting:

Assist in monitoring ongoing compliance and regulatory risks within the organization. Prepare and maintain reports on compliance activities, ensuring timely submission to senior management and regulatory authorities as needed.

 

Compliance Audits and Reviews:

 

Support internal audits and compliance reviews to assess the effectiveness of the company's policies, procedures, and controls. Follow up on audit recommendations and ensure compliance gaps are addressed promptly.

 

Training and Awareness:

Assist in the development and delivery of compliance training programs for employees on regulatory updates, internal procedures, sanctions compliance, and anti-money laundering (AML) measures. Promote a culture of compliance within the organization by encouraging awareness of policies and regulatory changes.

 

Regulatory Communication:

Assist in preparing responses to regulatory queries, investigations, and submissions. Support the MLRO and Compliance Officer in liaising with regulators and external auditors.

 

 

 

What technical skills, experience, and qualifications do you need?

Bachelor’s degree in Business, Finance, Law, or a related field. Additional certifications in compliance (e.g., CAMS, ICA, or equivalent) are advantageous. Minimum of 2 years of experience in a compliance or regulatory role, ideally within the financial services, corporate services, or legal sector. Strong understanding of regulatory frameworks (FSRA, ADGM, DFSA). Familiarity with Anti-Money Laundering (AML) regulations and the associated reporting requirements. Knowledge of Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. Understanding of financial crime risk management, including fraud, sanctions, and market abuse. Experience in sanctions screening and familiarity with global sanctions lists and regulations. Proficiency in MS Office (Excel, Word, PowerPoint). Experience with compliance software or systems is a plus. Strong written and verbal communication skills, with the ability to draft clear reports and communicate effectively with senior management, clients, and regulators.