Head of Regulatory Compliance- Financial Services

Transguard Workforce Solutions; Abu Dhabi Emirate; On-site; AED 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Head of Regulatory Compliance to oversee adherence to UAE regulations in the money exchange sector. This pivotal role involves safeguarding the organization from legal and operational risks through effective compliance strategies and risk management frameworks. The ideal candidate will have extensive experience in financial services, a strong understanding of AML/KYC regulations, and proven leadership skills. Join a forward-thinking company that values compliance and integrity, and make a significant impact in a dynamic environment.

Qualifications

• 8-10 years of compliance experience in financial services or money exchange sectors.
• Proven leadership in managing compliance teams and risk processes.

Responsibilities

• Lead and manage the regulatory compliance strategy to ensure adherence to relevant laws.
• Develop and monitor compliance policies, procedures, and controls to mitigate risks.

Skills

Regulatory Compliance

Risk Management

AML/KYC Regulations

Leadership

Financial Services Knowledge

Education

Bachelor's degree in Law

Professional certifications such as CRCM

Job description

Head of Regulatory Compliance - Financial Services

Transguard Workforce Solutions is the UAE’s leading provider of innovative HR solutions. With extensive regional experience, we offer fully integrated HR services.

We are recruiting a Head of Regulatory Compliance for our client, based in Abu Dhabi.

Purpose

The Head of Regulatory Compliance will oversee the organization’s adherence to UAE regulations in the money exchange industry. This role involves safeguarding the organization from legal, financial, and operational risks by leading compliance efforts, establishing risk management frameworks, and ensuring compliance with regulatory updates and best practices.

Responsibilities

1. Lead and manage the regulatory compliance strategy to ensure adherence to relevant laws, regulations, and standards.
2. Stay updated on global regulatory developments in financial services and money exchange sectors.
3. Advise senior management on compliance issues and implications.
4. Develop and monitor compliance policies, procedures, and controls to mitigate risks.
5. Ensure effectiveness of compliance programs, audits, and risk management systems.
6. Establish and maintain risk management frameworks, identifying and mitigating potential risks.
7. Lead investigations into regulatory breaches and implement corrective actions.
8. Coordinate internal and external audits, addressing findings promptly.
9. Engage with auditors, regulatory bodies, and law enforcement during audits or investigations.
10. Provide training to staff on compliance issues.
11. Promote a culture of compliance across the organization.
12. Prepare and submit compliance and risk reports to management and authorities.
13. Maintain documentation of compliance activities and interactions.
14. Build relationships with regulatory bodies and industry stakeholders.
15. Serve as the primary contact for compliance inquiries from regulators and auditors.

Skills and Qualifications

• Bachelor's degree in Law or related field.
• Professional certifications such as CRCM preferred.
• 8-10 years of compliance experience in financial services or money exchange sectors.
• Proven leadership in managing compliance teams and risk processes.
• Deep understanding of AML/KYC regulations and industry standards.

Additional Details

• Seniority Level: Mid-Senior
• Employment Type: Full-time
• Job Function: Other
• Industry: Staffing and Recruiting