Senior Basel Compliance Specialist

🏗 We're Hiring: Senior Basel Compliance Specialist

📍 Location: United Arab Emirates (Remote)

🕒 Employment Type: Full-Time

💼 Experience Level: Mid-Level to Senior

🌐 Work Arrangement: Fully Remote

About Us

We are a construction-focused organization committed to strong governance, financial integrity, regulatory compliance, and effective risk management. Our multidisciplinary teams collaborate across Project Management, Construction, Engineering, Procurement, Commercial, Legal, Finance, Human Resources, Design, Quality, HSE, Consultants, Contractors, Suppliers, Logistics, Administration, Information Technology, and Executive Leadership to support complex projects and maintain reliable business operations.

We value professionals who demonstrate analytical rigor, sound judgment, technical expertise, and a commitment to compliance. Through structured risk management, transparent reporting, and effective internal controls, we aim to strengthen organizational resilience and support responsible financial and operational decision-making.

The Role

We are seeking an experienced Senior Basel Compliance Specialist to support the interpretation, implementation, monitoring, and assessment of applicable Basel regulatory standards and related prudential requirements. The ideal candidate will have a strong understanding of Basel capital adequacy frameworks, risk-weighted assets, capital ratios, credit risk, market risk, operational risk, leverage requirements, and regulatory reporting.

The successful candidate will work closely with Finance, Risk Management, Treasury, Compliance, Legal, Internal Audit, and Information Technology teams to assess regulatory obligations, monitor compliance, strengthen reporting controls, and coordinate remediation activities. The role will focus on requirements relevant to the organization's regulated activities and applicable UAE regulatory framework.

Key Responsibilities

• Monitor applicable Basel Committee standards and relevant prudential regulatory requirements.
• Assess the impact of new or amended Basel standards and local regulatory requirements on existing policies, processes, systems, and controls.
• Support the implementation and ongoing maintenance of Basel-related compliance frameworks.
• Interpret regulatory guidance and translate technical requirements into practical implementation plans and control procedures.
• Coordinate with Finance and Risk Management teams to monitor capital adequacy and applicable regulatory capital requirements.
• Support the calculation, validation, and reporting of risk-weighted assets (RWA) in accordance with approved methodologies.
• Review capital components, regulatory deductions, adjustments, and relevant capital ratios where applicable.
• Support compliance assessments covering credit risk, market risk, operational risk, and other relevant risk categories.
• Monitor applicable leverage requirements, exposure measures, and large-exposure limits.
• Assist with liquidity and funding-related prudential requirements, including applicable liquidity and stable funding ratios where relevant.
• Review regulatory reporting methodologies, data sources, calculation processes, and submission controls.
• Reconcile Basel-related reporting figures against financial statements, general ledger balances, risk systems, and supporting schedules.
• Investigate discrepancies in capital calculations, exposure classifications, risk weights, and regulatory reporting data.
• Maintain comprehensive documentation of regulatory interpretations, calculation methodologies, assumptions, and compliance assessments.
• Conduct gap assessments to identify differences between current practices and applicable Basel or local regulatory requirements.
• Develop and monitor action plans to address identified compliance gaps and control weaknesses.
• Coordinate with business units to ensure regulatory obligations are understood and implemented consistently.
• Support the development and maintenance of Basel compliance policies, procedures, standards, and internal control frameworks.
• Review internal policies and operating procedures to ensure alignment with relevant regulatory requirements.
• Monitor regulatory developments and maintain an updated register of applicable requirements, implementation deadlines, and accountable stakeholders.
• Work with Legal and Compliance teams to interpret regulatory expectations and resolve complex compliance questions.
• Support risk governance processes by preparing compliance assessments, management reports, and regulatory impact analyses.
• Identify potential regulatory breaches, reporting inconsistencies, and control deficiencies and escalate them through established channels.
• Recommend corrective and preventive actions to improve compliance effectiveness and reduce regulatory risk.
• Support the implementation of appropriate governance arrangements, control ownership, and accountability for Basel-related obligations.
• Coordinate with Information Technology and data teams to improve regulatory data quality, traceability, and reporting automation.
• Participate in system enhancements, methodology changes, user acceptance testing, and implementation projects involving Basel calculations and reporting.
• Review data lineage and controls across source systems, risk engines, reporting platforms, and financial systems.
• Support stress testing, scenario analysis, and capital planning activities where required by the applicable framework.
• Assist with assessments of model governance, risk parameter methodologies, and model-related controls where relevant.
• Coordinate with Internal Audit and Risk Management to assess the effectiveness of Basel compliance controls.
• Prepare evidence for internal audits, external audits, regulatory examinations, and supervisory reviews.
• Respond to regulatory information requests and coordinate supporting documentation with relevant departments.
• Track regulatory findings, audit observations, and remediation commitments through to completion.
• Prepare periodic reports covering compliance status, regulatory changes, implementation progress, and outstanding issues.
• Explain technical Basel requirements and compliance implications clearly to management and relevant stakeholders.
• Maintain accurate records of regulatory submissions, compliance reviews, approvals, and remediation activities.
• Ensure confidential financial, risk, and regulatory information is handled in accordance with applicable data protection and information security requirements.
• Provide technical guidance to junior compliance analysts and colleagues involved in prudential compliance activities.
• Maintain professional knowledge of Basel standards, prudential regulation, financial risk management, and regulatory reporting practices.
• Perform other Basel compliance, regulatory risk, prudential reporting, and governance duties as assigned by management.

Qualifications and Experience

• Bachelor's degree in Finance, Accounting, Economics, Banking, Risk Management, or a related discipline.
• A master's degree or relevant professional qualification is an advantage.
• Typically 5–8 years of experience in Basel compliance, prudential regulation, regulatory reporting, financial risk management, or banking compliance.
• Strong understanding of Basel capital frameworks and their relationship to capital adequacy, risk-weighted assets, and regulatory reporting.
• Knowledge of credit risk, market risk, operational risk, and relevant capital calculation methodologies.
• Familiarity with applicable UAE regulatory requirements and the expectations of relevant supervisory authorities, where appropriate to the organization's activities.
• Experience conducting regulatory gap assessments, compliance reviews, impact assessments, and remediation tracking.
• Understanding of prudential reporting processes, financial reconciliations, and regulatory data controls.
• Proficiency in Microsoft Excel and financial data analysis.
• Experience with risk management systems, regulatory reporting platforms, capital calculation tools, or business intelligence solutions is an advantage.
• Familiarity with SQL, data validation, or reporting automation is beneficial.
• Strong analytical, numerical, and problem-solving skills.
• Ability to interpret complex regulatory material and communicate requirements clearly.
• Excellent documentation, stakeholder management, and report-writing skills.
• High standards of integrity, confidentiality, professional judgment, and attention to detail.
• Ability to manage multiple deadlines and work independently in a fully remote environment.

Preferred Certifications

• Financial Risk Manager (FRM).
• Professional Risk Manager (PRM).
• Association of Chartered Certified Accountants (ACCA).
• Chartered Accountant (CA).
• Certified Public Accountant (CPA).
• Chartered Financial Analyst (CFA).
• Relevant Basel, prudential regulation, regulatory compliance, or financial risk management certifications.

Key Performance Indicators (KPIs)

• Timeliness of Basel-related regulatory assessments and implementation activities.
• Accuracy and completeness of regulatory capital and prudential reporting data.
• Number and severity of identified compliance gaps and control deficiencies.
• Timeliness of regulatory change assessments and impact analyses.
• Completion rate of corrective actions and remediation commitments.
• Compliance with applicable capital, leverage, and liquidity requirements.
• Accuracy and traceability of risk-weighted asset calculations and supporting documentation.
• Timeliness of responses to regulatory requests and audit findings.
• Reduction in recurring reporting errors and control weaknesses.
• Effectiveness of Basel compliance monitoring and governance processes.