Associate Vice President - Compliance Assurance & Monitoring

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance. 

About the role

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.

What You’ll Be Doing:

• 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.

What We’re Looking For:

• Education: Bachelor’s or master’s degree in finance, Law, Business Administration, or a related field. Relevant professional certifications (e.g., Certified Anti-Money Laundering Specialist (CAMS), Certified Compliance & Ethics Professional (CCEP), or equivalent) are preferred.
• Experience: Minimum of 7 years of experience in compliance, risk management, or a related field.
• Industry Exposure: Banking and Finance

What’s In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.

• Strong understanding of regulatory requirements and industry best practices.
• Works co-operatively and productively with others; openly exchanging information and supporting colleagues from around the organization to achieve business goals.
• Ensures that information is correctly processed, and that work complies with relevant internal/external rules, procedures, and regulatory requirements.
• Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Plan and prioritize work to meet commitments aligned with organizational goals.
• Agile and growth mindset towards dynamic regulatory and banking environment.