Emirates Investment Bank PJSC (EIBank) is a leading private bank based in Dubai, providing a broad range of banking and investment services. Founded in 1976 by prominent UAE business families, EIBank offers bespoke wealth management solutions, catering to a select group of clients. The bank is committed to building long-term relationships, providing personalized services, and ensuring excellence in client solutions.

Job Overview:
The Regulatory Compliance Manager will be responsible for overseeing and ensuring compliance with the UAE Central Bank and UAE Securities and Commodities Authority (SCA) regulations. This position includes managing a wide range of regulatory matters, including consumer protection, outsourcing, corporate governance, licensing, client classification, and capital adequacy requirements.

Key Responsibilities:

1. UAE Central Bank Regulatory Compliance:

   • Ensure adherence to Consumer Protection Regulations and manage complaint-handling mechanisms.

   • Oversee outsourcing regulation compliance, including due diligence, risk assessments, and reporting.

   • Monitor corporate governance and employment regulations, ensuring senior management meets the fit and proper requirements.

   • Conduct periodic training on governance and compliance obligations.

2. UAE Securities and Commodities Authority (SCA) Compliance:

   • Ensure the firm maintains valid SCA licenses and meets all regulatory obligations.

   • Oversee the licensing process, including applications, renewals, and regulatory approvals for new business activities.

   • Monitor client classification and suitability assessments, ensuring adherence to SCA regulations for high-net-worth individuals and professional/ordinary investors.

   • Conduct internal audits and controls to verify compliance with client categorization rules.

3. Capital Adequacy & Financial Requirements:

   • Oversee compliance with capital adequacy requirements in collaboration with the Risk Management Team.

   • Conduct periodic reviews to ensure financial and regulatory requirements are met.

Skills and Qualifications:

• Bachelor’s degree in Law, Finance, Business, or a related field.

• Minimum of 5 years of experience in a regulatory compliance role, preferably within a financial institution.

• In-depth knowledge of UAE Central Bank regulations, SCA regulations, and other relevant financial regulations.

• Strong analytical skills and attention to detail.

• Excellent communication skills, with the ability to engage with senior management and regulators.

• Ability to work independently and as part of a team.

Why Join Emirates Investment Bank PJSC?

• Work in a reputable, relationship-driven bank with a commitment to excellence.

• Opportunity to contribute to regulatory compliance efforts in a high-impact role.

• Be part of a professional and dynamic team in the heart of Dubai’s financial sector.