Praxis is an independent, leading provider of bespoke private wealth, corporate administration and yacht services to companies, individuals and families across the world. Our expertise and experience is driven by recruiting and retaining the brightest and best, and creating a culture that allows people to thrive. Our independence encourages an open culture where every voice is valued. We care about creating an environment that hears, supports and shares openly with all our people. Teamwork and collaboration are at the heart of our approach, and we nurture an environment of openness and respect where everyone feels valued. Be heard. Be part of the Praxis Group. Our private wealth and corporate services teams work with our clients and their advisers, delivering an efficient, informed and personal service. We operate a fast-paced and rewarding environment with opportunities to service a variety of international clients across all asset classes.

Job summary:

Compliance Officer (‘CO’)

• Initiate, develop, maintain, and revise policies and procedures of the compliance framework and its related activities to prevent illegal, unethical, or improper conduct;

• Oversee the day-to-day implementation and operation of the compliance framework;

• Identify and asses the compliance risk associated with the Firm’s current and proposed future business activities, including new products, new business relationships and any extension of operations or network on an international level;

• Establish written guidelines to staff and service providers on the appropriate implementation of the laws, regulation, rules and standards through policies and procedures;

• Identify and keep an inventory available to all staff of essential laws and regulation pertinent to the Firm; provide advice with regards to the legislation;

• Assess the appropriateness of internal policies, procedures and guidelines by performing regular and comprehensive compliance risk assessment, monitoring and testing; report the result on a regular basis and promptly where deemed necessary to SEO and Board;

• Establish and/or supervise appropriate compliance checks and controls;

• Complete, check, verify clients’ due diligence and complete sanction screening at client on-boarding;

• Provide guidance to the business on permissible activities, new products and programs;

• Address any compliance audit remediation activities;

• Liaise with the FSRA or DFSA on compliance matters;

• Centralise all information on compliance-related issues (breach of regulation, conflict of interest etc.);

• Respond to alleged violations of rules, regulations, and policies, procedures by evaluating or recommending the initiation of investigative procedures.

• Develop and oversee a system for uniform handling of such violations; exercise any specific legal responsibilities such as reporting suspicions transactions related to money laundering and the fight against terrorism financing;

• Maintain an effective compliance communication program for the organization, including promoting understanding of new and existing compliance issues and related policies and procedures.

• Acting as a point of contact to receive Internal Suspicious Activity Reports (“Internal SAR”) from employees;

• Taking appropriate action following the receipt of an Internal SAR;

• Responding promptly to any request for information made by competent UAE authorities, the FSRA or DFSA;

• Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions; and

• Establishing and maintaining an appropriate AML training program and adequate awareness arrangements.

Money Laundering Reporting Officer (‘MLRO’)

• Day-to-day operations for compliance by the Firm with its AML policies, procedures, systems and controls;

• Acting as the point of contact to receive notifications from the Firm's Employees

• Taking appropriate action under following the receipt of a notification from an Employee ;

• Making Suspicious Activity Reports in accordance with Federal AML legislation;

• Acting as the point of contact within the Firm for competent UAE authorities and the FSRA regarding money laundering issues;

• Responding promptly to any request for information made by competent UAE authorities, the FSRA or DFSA;

• Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions received from the FSRA;

• Establishing and maintaining an appropriate money laundering training programme and adequate awareness arrangements.

Job accountabilities

Regulatory Compliance Delivery

• Provide ongoing compliance and AML support to clients.

• Draft, implement, and manage compliance and AML frameworks.

• Ensure adherence to local and international regulatory requirements.

Audit & Monitoring

• Coordinate internal and external audits.

• Conduct compliance reviews and spot checks.

• Identify and remediate control weaknesses.

Training & Awareness

• Deliver training on compliance, AML, and governance topics.

• Build client awareness of emerging regulations and risks.

Business Development & Brand Representation

> Support the senior team in executing client mandates, help originate new business, and represent the firm at industry and promotional events.

Leadership & Communication

• Communicate compliance risks and obligations to senior management.

• Foster relationships with stakeholders, auditors, regulators, and clients.

• Represent the consultancy professionally.

Continuous Improvement

• Stay updated on regulatory developments.

• Refine compliance/AML systems, processes, and training.

• Implement best practices.

Team & Culture Contribution

• Promote Praxis culture and brand.

• Support talent attraction and retention.

• Coach and mentor junior team members.

Minimum education and experience

• CAMS, CISI, ICA Diploma or equivalent preferred

• Minimum 8 years of relevant experience in AML and regulatory compliance roles

• Significant demonstratable experience dealing with regulatory authorities within the region

• Prior exposure to DIFC or ADGM-regulated firms (banking, asset management, payments, or fintech)

• Familiarity with DFSA or FSRA/ADGM regulatory frameworks

Required skills

• High attention to detail with strong organisational and record-keeping skills.

• Proficient in Microsoft Excel; experience with accounting software is beneficial.

• Clear written and verbal communication skills in English; Arabic is an advantage.

• Ability to manage routine tasks independently and escalate issues appropriately.

• Comfortable working in a compliance-first, process-driven environment.

• Integrity, discretion, and the ability to handle confidential client information.

Additional information

In addition, all our team members are expected to be committed to our core values:

• We inspire

• We listen

• We trust

• We succeed together