Head of Compliance / MLRO (SVF)
Job Location:
Monthly Salary:
Posted on:
30+ days ago
Posted on:
Vacancies:
1 Vacancy
Vacancies:
Job Summary
is seeking a dynamic experienced compliance professional to serve asHead of Compliance & MLROfor its new UAE-based regulated entity. As expands its product suite into digital wallets prepaid cards and peer-to-peer payments under the CBUAEsStored Value Facilities (SVF)framework this dual-role function is central to ensuring regulatory integrity operational resilience and sustainable growth.
The CCO/MLRO will act as thenamed individualresponsible for all compliance and financial crime obligations under CBUAE regulation overseeing the compliance framework across AML/CFT consumer protection safeguarding conduct risk and data privacy.
Regulatory Compliance & Licensing
- Lead the design and implementation of acompliance frameworktailored to CBUAE SVF requirements RPSCS overlaps and relevant UAE laws.
- Serve as theprimary regulatory liaisonwith the CBUAE supporting license application ongoing supervision and inspections.
- Ensure compliance withconsumer protection e-money safeguarding outsourcing data privacy and cybersecurity standards applicable to SVF entities.
- Review marketing and financial promotions to ensure AML compliance.
- Act as the lead contact for internal and external audits relating to AML/CTF and Compliance matters.
- Perform periodic gap analysis and evaluation of systems and controls.
- Coordinate responses to audit findings and track the implementation of remediation plans.
- Collaborate with tech teams to calibrate and improve AML monitoring tools sanctions screening systems and case management platforms.
- Stay abreast of technological solutions (e.g. blockchain analytics transaction monitoring systems eKYC platforms) and recommend enhancements.
- Investigate client complaints with potential regulatory reputational or AML implications.
- Maintain and regularly update all compliance registers.
- Maintain a comprehensive compliance calendar tracking all reporting obligations license requirements audit timelines and key regulatory deadlines.
- Ensure all regulatory reports returns and notifications are prepared reviewed and submitted on time (e.g. STRs AML returns).
- Lead the preparation and ongoing maintenance of the Business-Wide Risk Assessment (BWRA) identifying and assessing inherent and residual risks related to money laundering terrorist financing and other financial crimes across the business.
- Oversee the execution of periodic Risk and Control Self-Assessments (RCSA) across compliance and business units to evaluate the design and effectiveness of internal controls.
AML/CFT & Financial Crime:
- Lead the design implementation maintenance and ongoing enhancement of the organisations Anti-Money Laundering (AML) and Financial Crime Compliance framework.
- Establish and maintain clear standards for customer identification and verification processes in line with AML requirements and onboarding procedures.
- Perform Transaction Monitoring and oversee the end-to-end Suspicious Activity Reporting (SAR) lifecycle including internal reviews and external regulatory submissions.
- Ensuring sanctions screening PEP monitoring and transaction surveillance are robust and fit for purpose.
- Provide guidance and training to internal teams to ensure awareness and adherence to AML obligations and company policies designed to detect financial crime.
- Act as the primary point of contact for law enforcement inquiries and ensure prompt appropriate responses to information requests.
- Maintain relationships with domestic regulatory bodies and manage reporting obligations to the local Financial Intelligence Unit (FIU).
- Collaborate cross-functionally with internal compliance and risk teams to propose actionable steps that address emerging regulatory risks and ensure ongoing compliance.
- Support product development and business initiatives by advising on regulatory implications and ensuring new services meet AML and compliance requirements.
- Define and enforce standards for Customer Due Diligence (CDD) Enhanced Due Diligence (EDD) Know Your Customer (KYC) and Ongoing Monitoring.
- Oversee periodic reviews of client risk ratings
- Promote a strong compliance culture across the organization by ensuring all employees understand their obligations.
- Prepare and present periodic AML/CTF and financial crime reports to the Board of Directors and senior management including updates on STRs risk trends and program effectiveness.
- Maintain records of compliance meetings decisions and actions taken.
- Advise product sales and operations teams on AML/CTF considerations when launching new products services or markets.
- Deliverannual AML reportsto the board and coordinate independent audits where required.
Governance & Risk Oversight
- Serve as amember of the senior management team actively contributing to product risk assessment outsourcing governance and new service launches (e.g. cross-border transfers joint accounts).
- Chair or participate inRisk & Compliance Committees maintaining independence from revenue-generating functions.
- Monitor regulatory change and update policies accordingly.
Operational Compliance Integration
- Assist internal teams -includingProduct Technology Operations Customer Support and Finance -in embedding compliance requirements into business processes system designs and customer journeys.
- Review and advise on new features customer flows and vendor integrations from a compliance and conduct-risk perspective.
- Ensure implementation of appropriate controls acrossonboarding transaction processing record-keeping and customer communication.
- Support the design and ongoing calibration ofautomated monitoring screening and fraud detection tools.
- Provide compliance input during product development and change management cycles to ensure alignment with regulatory expectations.
Training & Culture
- Deliver mandatory AML/compliance training to all UAE employees and maintain training logs.
- Foster aculture of compliance and ethical conduct aligned with global standards.
Requirements
- Bachelors degree (minimum); preferred fields includeLaw Finance Business Administration Risk Management or Economics.
- Professional certifications such asCAMS ICA Diploma in AML/Compliance CFE or equivalentarestrongly preferred.
- Postgraduate qualifications (e.g. MBA LLM) are a plus.
- 812 yearsof relevant experience incompliance AML/CFT or regulatory affairs ideally within: Fintech (neo-banking e-wallets stored value providers) orPayment institutions regulated underCBUAE DFSA ADGM or equivalent international frameworks.
- Prior designation asCCO MLRO or Compliance Officerwith a UAE-regulated financial institution (ideally named to the regulator).
- Demonstrable track record of leading compliance frameworks throughinitial licence applicationsand regulatory inspections and building or scaling compliance functions instart-up or high-growth environments.
- Engaging constructively withregulators auditors and board-level stakeholders.
- Business level proficiency in English or above (equivalent to B2 or above inCEFR).
Skills & Competencies
- Deep understanding of UAE regulatory landscape including:CBUAE SVF and RPSCS RegulationsUAE AML/CFT Rulebook FATF Recommendations and FIU reporting protocols Consumer protection data privacy outsourcing governance and conduct risk.
- Strong analytical risk assessment and policy drafting skills.
- Experience withRegTech systemsfor onboarding screening and transaction monitoring (e.g. ComplyAdvantage NameScan Actimize).
- Excellent communication skills with the ability totrain teams handle cross-border stakeholders and influence executive decisions.
- Comfortable working infast-paced cross-functional teamswith high accountability.
Other Requirements
- Must bephysically based in the UAEand available to liaise with CBUAE when required.
- Able to serve as thenamed MLRO and CCO subject to regulatory approval.
- High ethical standards and commitment tofostering a culture of compliance and transparency.
What you will get in return:
- Competitive Salary:We believe great work deserves great pay! Your skills and talents will be rewarded with a salary that makes you feel valued and motivated.
- Work-Life Harmony:Join a company that genuinely cares aboutyoubecause your life outside of work matters just as much as your time on the clock.
- Annual Performance Bonus:Your hard work doesnt go unnoticed! Celebrate your achievements with a well-deserved annual bonus tied to your performance.
- Generous Time Off:Need a breather Our annual leave policy lets you recharge and enjoy life outside of work without a worry.
- Employee Referral Program:Love working here Share the love! Bring your talented friends on board and get rewarded for growing our awesome team.
- Comprehensive Health & Pension Benefits:From medical insurance to pension plans weve got your back. Plus location-specific benefits andperks!
- Workation Wonderland:Live your digital nomad dreams with 30 extra days to work remotely from anywhere in the world (some restrictions apply). Adventure awaits!
- Volunteer Days:Make a difference! Take two additional paid days each year to support causes you care about and give back to the community.
Be a key player at the forefront of the digital assets movement propelling your career to new heights!Join a dynamic and rapidly expanding company that values and rewards talent initiative and alongside one of the most brilliant teams in the industry.
Required Experience:
Director
Key Skills
- Marketing & Promotions
- Attorney At Law
- Jni
- Airlines
- Art
About Company
Enjoy online trading like never before. With Capital.com’s app, you can discover investment opportunities on leading financial markets. Access the latest trading insights at the touch of a button, as well as in-depth educational features, comprehensive financial analysis and the day’s ... View more
