Vice President, Financial Crime Prevention General Commercial Gaming Regulatory Authority - GCGRA

Vacancies; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a VP of Financial Crime Prevention to oversee and manage all aspects of financial crime prevention within the gaming sector. This pivotal role involves developing comprehensive strategies to combat money laundering and fraud, ensuring compliance with regulatory standards, and implementing effective risk management practices. The ideal candidate will possess extensive experience in financial crime prevention, exceptional analytical skills, and the ability to lead and engage diverse stakeholders. Join a forward-thinking organization dedicated to promoting integrity and responsibility in the gaming industry.

Qualifications

• Extensive experience in financial crime prevention within the gaming industry.
• In-depth knowledge of AML and CTF frameworks and regulations.
• Professional certifications such as CAMS or CFCS are desirable.

Responsibilities

• Develop and implement financial crime prevention strategies aligned with regulations.
• Ensure compliance with AML and CTF regulations and requirements.
• Monitor and evaluate the effectiveness of AML/CTF controls.

Skills

Financial Crime Prevention

Regulatory Compliance

Risk Management

Analytical Skills

Leadership

Interpersonal Skills

Education

Bachelor's Degree in Finance

Master's Degree in Law

Degree in Criminology

Tools

AML Technologies

Risk Assessment Methodologies

Job description

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

1. Develop and implement a comprehensive financial crime prevention strategy aligned with regulatory objectives and priorities.
2. Establish policies, procedures, and controls to prevent money laundering, fraud, and other financial crimes within the gaming industry.
3. Ensure compliance with AML and CTF regulations and requirements.
4. Develop and maintain AML/CTF programs specific to the gaming industry, including customer due diligence (CDD), transaction monitoring, and suspicious activity reporting (SAR).
5. Implement risk management strategies and controls to mitigate risks and conduct risk assessments to identify vulnerabilities.
6. Prepare reports, maintain records, and document activities related to financial crime prevention, including risk assessments and compliance findings.
7. Monitor and evaluate the effectiveness of AML/CTF controls and recommend improvements.
8. Stay updated on emerging financial crime trends, typologies, and regulatory developments.
9. Develop and deliver training programs to raise awareness and knowledge of financial crime prevention among gaming operators, licensees, and regulatory staff.
10. Provide guidance to gaming operators and licensees regarding AML/CTF obligations and best practices.
11. Develop guidance related to bylaws, keeping abreast of federal and international laws.
12. Collaborate with other functions, providing technical expertise and support as needed.
13. Report to various national committees and government entities as required.

Qualifications

• Extensive experience in financial crime prevention, regulatory compliance, or related roles within the gaming industry or a regulatory agency, with in-depth knowledge of AML and CTF frameworks, regulations, and best practices.
• Bachelor’s or Master’s degree in finance, law, criminology, or a related field.
• 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 for engaging with diverse stakeholders.
• Professional certifications such as CAMS or CFCS are desirable.

About Us

The General Commercial Gaming Regulatory Authority (GCGRA) is the federal agency responsible for regulating and overseeing commercial gaming in the UAE. We aim to promote sustainable growth by fostering world-class gaming operations and implementing efficient regulation based on principles of integrity, innovation, and responsibility.

Headquartered in Abu Dhabi and established by Federal Law by Decree, GCGRA holds exclusive jurisdiction to regulate, license, and supervise all commercial gaming activities and facilities in the UAE.