Senior Compliance Officer – Quality Assurance

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 provide assurance with respect to implementation of the Financial Crimes Compliance framework by identifying any potential weaknesses and/or deficiencies in existing AML/CFT and Sanctions policies, processes, data and controls in order to initiate remedial actions to improve the overall FCC framework and meet regulatory expectations.  In this role you will be reporting to Senior Vice President & Head of Compliance Assurance & Monitoring.

What You’ll Be Doing:

• Lead Quality Assurance (QA) testing of daily compliance activities across the bank.
• Report findings and provide actionable feedback to management on process and control effectiveness.
• Identify and escalate process risks, recommending targeted improvements to enhance operational quality.
• Support the development and execution of a holistic framework for AML, CTF, and Sanctions compliance.
• Aid in compiling structured management information for reporting and governance purposes.
• Monitor ineffective controls and conformance testing outcomes, assessing risk and ensuring remedial actions are taken.
• Integrate "lessons learnt" insights into ongoing training, policies, and procedure development.
• Conduct QA reviews of compliance tasks within both the Compliance unit and First Line of Defense especially for low/medium-risk client assessments.
• Maintain and regularly publish periodic compliance reports.
• Track and support the resolution of identified control gaps, liaising closely with the first line.
• Ensure the Risk Register is up to date and accurately reflects current assessments and actions.
• Ensure full adherence to internal policies, procedures, and regulatory/statutory frameworks.
• Remain well-informed of relevant Central Bank of UAE regulations and international best practices in Financial Crime Compliance.

What We’re Looking For:

• Education: Bachelor's degree or equivalent experience. ACAMS certification required
• Experience: Minimum of 2 years’ experience in banking or financial services
• 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.

• Strategic mindset, critical thinking and analytical skills
• Highly motivated, self-driven individual who can think strategically, operate independently, and take accountability
• Multi-tasking in a fast-paced environment while prioritising focus on most impactful activities to meet deadlines
• Ability to work under pressure and accomplish tasks assigned within tight deadline
• Works co-operatively and productively with others, openly exchanging information and supporting colleagues from around the organization to achieve business goals
• Effective communication skills, verbal and written
• Understanding of AML/CFT and Sanctions risks
• Being up to date with current laws, regulations, policies and procedures
• Strong understanding of the Banking Operations, products/services
• Ability to understand and navigate a complex technological and operational environment