Vice President, Financial Crime Prevention

The General Commercial Gaming Regulatory Authority; United Arab Emirates; On-site; AED 200,000 - 300,000; Full time

Job summary

A regulatory authority in the UAE is seeking a VP, Financial Crime Prevention to oversee and manage all aspects of financial crime prevention within the gaming industry. Your role will involve developing and implementing comprehensive strategies to combat money laundering and fraud, ensuring compliance with regulatory requirements, and fostering a strong culture of compliance across all sectors. Ideal candidates will have substantial experience in this field and hold a relevant degree. This position offers a unique opportunity to shape the security and integrity of the gaming sector in a rapidly evolving environment.

Qualifications

• Extensive experience in financial crime prevention or related roles within the gaming industry or a regulatory agency.
• In-depth knowledge of anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks.
• Bachelor's or Master's degree in finance, law, or criminology.

Responsibilities

• Develop and implement a comprehensive financial crime prevention strategy.
• Establish policies to prevent money laundering, fraud, and other financial crimes.
• Ensure compliance with AML and CTF regulations.
• Monitor and evaluate AML/CTF controls and recommend enhancements.

Job description

United Arab Emirates

Trending

Job Description

As the VP, Financial Crime Prevention in GCGRA, your primary responsibility is to oversee and manage all aspects of financial crime prevention within the gaming industry. You will play a critical role in safeguarding the integrity of the gaming sector by implementing robust anti-money laundering (AML), counter-terrorist financing (CTF), and other financial crime prevention measures. Your expertise in financial crime prevention, regulatory compliance, and risk management will be essential in maintaining a secure and transparent gaming environment.

Responsibilities

• Develop and implement a comprehensive financial crime prevention strategy aligned with the regulatory objectives and priorities.
• Establish policies, procedures, and controls to prevent money laundering, fraud, and other financial crimes within the gaming industry.
• Ensure compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations and requirements.
• Develop and maintain robust AML/CTF programs specific to the gaming industry, including customer due diligence (CDD), transaction monitoring, and suspicious activity reporting (SAR) processes.
• Implement risk management strategies and controls to mitigate identified risks effectively and conduct risk assessments to identify vulnerabilities.
• Prepare comprehensive reports, maintain accurate records and documentation on financial crime prevention activities, including risk assessments, compliance findings, and recommendations for improvements.
• Monitor and evaluate the effectiveness of AML/CTF controls and recommend enhancements as necessary.
• Stay updated on emerging financial crime trends, typologies, and regulatory developments to proactively address potential threats.
• Develop and deliver training programs to enhance the awareness and knowledge of financial crime prevention among gaming operators, licensees, and regulatory staff, and promote a strong culture of compliance and ethics within GCGRA and across the industry.
• Provide guidance and support to gaming operators and licensees regarding their AML/CTF obligations and best practices.
• Develop guidance to the bylaws – keeping up to date on federal and international laws.
• Work alongside other functions providing technical expertise and support where required.
• Have multiple reporting requirements into various national committees and government entities.

Qualifications

• Extensive experience in financial crime prevention, regulatory compliance, or related roles within the gaming industry or a regulatory agency. In-depth knowledge of anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks, regulations, and industry best practices
• Bachelor's or Master's degree in a relevant field such as finance, law, or criminology.
• Familiarity with risk assessment methodologies, control frameworks, and financial crime prevention technologies.
• Excellent analytical, problem-solving, and decision-making skills.
• Effective leadership and team management abilities.
• Exceptional communication and interpersonal skills to engage with diverse stakeholders.
• Professional certifications related to AML/CTF or financial crime prevention (e.g., CAMS, CFCS) are desirable.

About Us

The General Commercial Gaming Regulatory Authority (GCGRA) is the federal executive agency responsible for regulating and overseeing commercial gaming in the United Arab Emirates. We aim to drive sustainable growth by cultivating world-class commercial gaming operations and implementing efficient regulation, grounded in the principles of integrity, innovation, and responsible practices.

Established by Federal Law by Decree and headquartered in Abu Dhabi, the GCGRA is the executive authority that holds exclusive jurisdiction to regulate, license, and supervise all commercial gaming activities and facilities in the UAE.