Assistant Manager - Regulatory Compliance

About us:

Established in 2022, Astra Tech has rapidly expanded its influence by strategically acquiring and developing key platforms such as PayBy, Rizek, Quantix, and Botim. These acquisitions have culminated in the creation of the world's first Ultra App, Botim, which seamlessly integrates fintech, e-commerce, AI-powered tech solutions, and communication services into one intuitive and user-friendly experience. This powerful combination allows users to manage their finances, shop, and stay connected all within a single, cohesive platform.

With over 150 million users across 155 countries, Astra Tech is more than just a tech company; it is a movement committed to enhancing lives through innovation. As a visionary leader in tech development and investment, our mission is clear: to revolutionize technology solutions for consumers and businesses, harnessing the power of AI to elevate digital experiences to unprecedented heights globally.

About the role:

We are seeking a proactive and detail-oriented Assistant Manager - Regulatory Compliance to support the Group Chief Compliance Officer and Director of Compliance Operations in fulfilling all regulatory requirements mandated by the Central Bank of the UAE (CBUAE) and ensuring full regulatory compliance and data protection laws.

The candidate will be instrumental in implementing regulatory frameworks, maintaining internal controls, ensuring legal compliance, managing data privacy programs, and supporting audit readiness, specifically for licensed entities (SVF/RSPSC / Finance company).

Key Responsibilities:

Regulatory Compliance (CBUAE):

1. Monitor and interpret all CBUAE circulars, regulations, and updates, ensuring timely implementation.
2. Prepare and manage regulatory reporting obligations to the CBUAE and other UAE authorities.
3. Support license obligations for SVF, RSPSC, Finance company and other regulatory requirements. Assist in developing and implementing internal compliance policies and procedures.
4. Maintain regulatory compliance calendars and ensure timely submissions and reviews.
5. Coordinate with internal departments to ensure compliance across all business functions.
6. Review and assess all contracts, partnership agreements, and third-party arrangements to ensure alignment with applicable CBUAE regulatory requirements, including those related to SVF and RSPSC licenses and finance company.
7. Ensure all agreements incorporate safeguards for personal and sensitive data in accordance with UAE Data Protection Law and CBUAE Consumer Protection Regulations (where applicable).
8. Collaborate with Legal and Procurement teams to provide compliance input during contract negotiation and renewal phases.
9. Maintain a tracking log of all reviewed agreements, noting compliance risk level and follow-up actions required.

Internal Data Protection (DPO Responsibilities):

1. Ensure organization-wide adherence to UAE data protection regulations and CBUAE Consumer Protection Regulation.
2. Develop and enforce privacy policies, data retention schedules, and breach response protocols.
3. Monitor data processing activities and ensure legal compliance with cross-border data transfers.
4. Manage Data Subject Access Requests (DSARs) and liaise with legal teams on data privacy matters.
5. Identify, draft, and recommend appropriate compliance clauses, including those addressing:

• Data protection and privacy obligations
• Cross-border data transfers
• Data sharing, confidentiality, and retention
• Breach notification and liability provisions

Governance & Risk Management:

1. Identify compliance risks and propose mitigations.
2. Prepare reports for the Group Chief Compliance Officer and Director of Compliance Operations.
3. Assist with internal audits, regulatory inspections, and remediation activities.
4. Promote a culture of compliance across the organization through training and awareness sessions.

Requirements:

1. Bachelor's or master's degree in law, Finance, or related discipline.
2. Minimum 7 years of experience in a regulatory compliance or DPO role, preferably in the financial services sector.
3. Strong knowledge of CBUAE regulations, data protection laws, and governance practices.
4. Experience working with licensed entities under the CBUAE (SVF/RSPSC / Finance company).
5. Strong written and verbal communication skills in English.
6. Certified Data Protection Officer (preferred).
7. UAE experience is a must.