Associate Director, Financial Crime and Compliance

myZoi; Dubai; On-site; AED 180,000 - 240,000; Full time

Job summary

myZoi in the United Arab Emirates is seeking a vigilant CFCC and regulatory risk professional to strengthen our second-line controls. You will support the CFCC framework, advise on risk tolerance, and partner with business units to ensure fair client outcomes while monitoring for financial crime indicators.

This role involves drafting and maintaining CFCC policies, delivering ongoing compliance training, escalating issues to the Chief Compliance Officer, and coordinating regulatory changes to

Qualifications

• Experience in financial crime compliance and regulatory risk management.
• Ability to develop and deliver CFCC training programs.
• Ability to provide nuanced regulatory advice and challenge business stakeholders.

Responsibilities

• Support the CFCC framework and risk controls for the Group.
• Assist in regulatory reporting processes and investigations as required.
• Escalate compliance and conduct breaches to the Chief Compliance Officer with timely remediation actions.
• Draft, implement and maintain CFCC policies, standards, and procedures.
• Promote a culture of openness, risk awareness and organizational compliance.

Skills

CFCC compliance

Regulatory risk management

Financial crime compliance

Regulatory reporting

Training programs

Governance

Job description

Business

Support the business by providing guidance on applicable laws regulations policies and compliance requirements Assist in the implementation and maintenance of a risk-based CFCC framework including monitoring and assurance activities Support the identification assessment and escalation of compliance risks and issues in line with established risk tolerances Work with business and functional teams to promote compliance with CFCC requirements and support fair customer outcomes Assist with Conduct investigations into suspicious activity and support regulatory reporting processes where required Support the assessment of reputational and regulatory risks and the preparation of recommendations for management consideration Challenge business stakeholders where activities exceed risk tolerance escalating as needed Support and challenge myZoi s businesses and functions to maintain appropriate conduct comply with CFCC requirements and achieve fair outcomes for clients

Processes

As an independent second-line risk control function execute the relevant aspects of the Compliance including Financial Crime and Enterprise risk framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature scale and complexity of the Group s business Implement and conduct regular CFCC training programs on an ongoing basis to educate staff on the relevant regulatory developments CFCC policies and standards Assist in setting control standards and advise on developing appropriate controls to mitigate regulatory risks

Risk Management

Escalate to Chief Compliance Officer compliance and conduct breaches and ensure effective management of issues identified including comprehensive and timely actions for complete remediation Analyse and advise on the holistic impact of complex Regulatory Compliance matters on myZoi s business and operations Oversee identification assessment management monitoring mitigation and reporting of compliance including regulatory conduct and financial crime risks Contribute to formulating CFCC policies and standards for approval by the relevant governing body as necessary under myZoi l s governance framework Contribute to developing controls for risk categories where Compliance has been defined as Risk Owner as set out in the relevant Risk Management Frameworks Collaborate with other CFCC teams within the Group and SCV to anticipate horizon risks and support the development of effective strategies to mitigate them including global standards for business conduct

Governance

Draft implement and maintain CFCC policies standards department operating instructions and process notes Promote and embed a culture of openness trust risk awareness and organizational compliance assisting with implementing and tracking regulatory and financial crime policies and standards Manage the remediation process for any CFCC risk issues and breaches Support the Chief Compliance Officer and myZoi with horizon scanning staying updated on regulatory changes and breaches relevant to myZoi s business model Design implement and manage an effective regulatory change management approach for myZoi in a rapidly evolving regulatory landscape

Skills

Display exemplary conduct and adhere to the Group s Values and Code of Conduct taking personal responsibility for embedding the highest standards of ethics regulatory and business conduct across myZoi Possess a strong understanding of the financial services sector demonstrating sound judgment on business practices within a digital environment regulatory frameworks corporate governance best practices and CFCC risk management Thrive in a creative fast-paced agile environment ensuring fair outcomes for clients and financial crime compliance Ability to produce nuanced and robust advice by seeing things from multiple perspectives and fully unpacking problem statements Excellent business acumen encompassing industry trends and regulatory considerations Bring over hands-on experience in financial crime compliance and regulatory risk management Display exemplary conduct and adhere to the Group's Values and Code of Conduct, taking personal responsibility for embedding the highest standards of ethics, regulatory, and business conduct across myZoi.Possess a strong understanding of the financial services sector, demonstrating sound judgment on business practices within a digital environment, regulatory frameworks, corporate governance best practices, and CFCC risk management.Thrive in a creative, fast-paced, agile environment, ensuring fair outcomes for clients and financial crime compliance.Ability to produce nuanced and robust advice by seeing things from multiple perspectives and fully unpacking problem statements.Excellent business acumen encompassing industry trends and regulatory considerations.Bring over hands-on experience in financial crime, compliance, and regulatory risk management.