Senior Manager, Compliance

Tabby | تابي; Kuwait; On-site; KWD 90,000 - 140,000; Full time

Job summary

Tabby is expanding its Kuwait team as a founding member of the Compliance function. You will be the principal contact with the Central Bank of Kuwait (CBK) and shape the regulatory framework for a growing fintech platform in the region.

Lead the CBK registration/licensing programme, design policies and monitoring plans, and act as MLRO for AML/CFT, including STR filing, CDD, sanctions screening and transaction monitoring.

Qualifications

• 5+ years in compliance, AML/CFT or regulatory advisory within a CBK-regulated business
• Direct experience dealing with the CBK, including inspections and regulatory submissions
• Knowledge of the CBK e-payment regime and Kuwait's AML/CFT framework
• Track record of building compliance frameworks, not just administering them
• Professional Arabic and English, including drafting regulatory correspondence in Arabic

Responsibilities

• Own the CBK relationship - correspondence, inspections, information requests and supervisory dialogue
• Lead the compliance workstream of our CBK registration and licensing programme
• Build the Kuwait compliance framework from scratch: policies, controls, monitoring plan and risk assessments
• Act as MLRO - own the AML/CFT programme, including STR filing, CDD, sanctions screening and transaction monitoring
• Maintain the BNPL consumer protection framework covering dispute resolution, fee transparency and complaint handling
• Track regulatory change, assess business impact and drive implementation with the relevant owners
• Prepare compliance reporting for CBK and papers for the audit and risk committees
• Conduct regular compliance assessments and audits, proactively identifying potential areas of non-compliance and recommending corrective actions to mitigate risks and ensure adherence to regulatory standards
• Provide strategic guidance and support to various departments within the organization on compliance-related matters, including regulatory changes and updates
• Design and roll out efficient and effective compliance processes, leveraging technology and innovative solutions to streamline compliance workflows and enhance operational efficiency
• Collaborate with internal stakeholders, including senior management, to integrate compliance considerations into all aspects of business operations, including product development, marketing, and customer service

Skills

Regulatory affairs

AML/CFT

Stakeholder management

Arabic and English

Education

Bachelor's degree in Finance/Law

Tools

AML software

Job description

About Tabby

Tabby is the GCC's leading shopping and payments platform, giving millions of people across Saudi Arabia and the UAE more control in the way they spend, save and earn. Headquartered in Riyadh, we've grown into one of the largest fintech companies to come out of the Arab world, working with +65,000 sellers, from global names like Apple, IKEA, Adidas and Shein to the region's leading retail groups.

Department

Compliance

Employment Type

Full Time

Location

Kuwait

About The Role

Tabby is the leading shopping and financial services app in the Middle East - 25M+ users, 65,000+ merchants across Saudi Arabia, the UAE and Kuwait. We're now building our Kuwait team.

This is a founding role. You'll support building the compliance function in Kiwait rather than inherit one, and act as our principal contact with the Central Bank of Kuwait.

Key Responsibilities

• Own the CBK relationship - correspondence, inspections, information requests and supervisory dialogue
• Lead the compliance workstream of our CBK registration and licensing programme
• Build the Kuwait compliance framework from scratch: policies, controls, monitoring plan and risk assessments
• Act as MLRO - own the AML/CFT programme, including STR filing, CDD, sanctions screening and transaction monitoring
• Maintain the BNPL consumer protection framework covering dispute resolution, fee transparency and complaint handling
• Track regulatory change, assess business impact and drive implementation with the relevant owners
• Prepare compliance reporting for CBK and papers for the audit and risk committees
• Conduct regular compliance assessments and audits, proactively identifying potential areas of non-compliance and recommending corrective actions to mitigate risks and ensure adherence to regulatory standards.
• Provide strategic guidance and support to various departments within the organization on compliance-related matters, including regulatory changes and updates, ensuring that all business activities are conducted in a compliant manner.
• Design and roll out efficient and effective compliance processes, leveraging technology and innovative solutions to streamline compliance workflows and enhance operational efficiency.
• Collaborate with internal stakeholders, including senior management, to integrate compliance considerations into all aspects of business operations, including product development, marketing, and customer service.

Skills, Knowledge and Expertise

• 5+ years in compliance, AML/CFT or regulatory advisory within a CBK-regulated business - a Kuwaiti bank, finance company, exchange house, or registered e-payment or e-money provider
• Direct experience dealing with the CBK, including inspections and regulatory submissions
• Working knowledge of the CBK e-payment of funds regime and Kuwait's AML/CFT framework
• A track record of building frameworks, not only administering them
• Professional Arabic and English, including drafting regulatory correspondence in Arabic