Manager - Regulatory Compliance (UAE National Only)

Job Purpose

• Consumer Protection Compliance

• Ensure the firm complies with UAE Central Bank Consumer Protection Regulations.
• Oversee complaint-handling mechanisms and ensure fair treatment of customers.
• Conduct reviews of customer-facing policies, contracts, and disclosures to ensure compliance.

• Outsourcing Regulation Compliance

• Ensure adherence to outsourcing regulations, including due diligence, contractual compliance, and risk assessment of service providers.
• Monitor the firm’s outsourcing arrangements and ensure regulatory reporting requirements are met.

• Corporate Governance & Employment Compliance

• Oversee compliance with corporate governance requirements, ensuring board and management decisions align with regulatory expectations.
• Monitor adherence to employment regulations, including fit and proper requirements for senior management and staff.
• Conduct periodic training on corporate governance and compliance obligations.
• 2.
• UAE Securities and Commodities Authority (SCA) Compliance

• Licensing & Regulatory Approvals

• Ensure the firm maintains valid SCA licenses and meets all regulatory obligations.
• Oversee licensing applications, renewals, and regulatory approvals for new business activities.
• Liaise with SCA on regulatory queries and ensure timely submission of required reports.

• Client Classification & Suitability

• Ensure compliance with client classification regulations, including high-net-worth individual (CB UAE) and professional/ordinary investor (SCA)
• Monitor adherence to suitability and appropriateness assessments for investment products and financial services.
• Conduct periodic internal audits and controls to verify compliance with client categorization rules.

• Capital Adequacy & Financial Requirements

• Oversee compliance with capital adequacy requirements (as a LOD2 in collaboration with the Risks Management Team which holds primary technical compliance responsibility

• Regulatory Monitoring & Implementation

• Stay updated on new regulations, circulars, and guidance from UAE regulators and assess their impact on the firm.
• Implement policies and procedures to ensure compliance with evolving regulatory requirements.
• Conduct internal compliance reviews and risk assessments to identify and address regulatory gaps.

• Training & Awareness

• Develop and conduct training programs for staff on regulatory compliance requirements.
• Promote a culture of compliance within the firm through regular engagement with business units.

• Regulatory Engagement & Reporting

• Act as the primary liaison with UAE regulators, responding to regulatory inquiries and coordinating audits or inspections.
• Ensure timely submission of regulatory reports to the UAE Central Bank and SCA.
• Prepare compliance reports for senior management and the Board, highlighting key risks and regulatory developments.