Risk and Compliance Lead (UAE National Only)

Key Accountabilities:

• Risk Framework Oversight
  • Oversee the risk function, maintain, and address any deficiencies in the company’s risk management framework.
  • Maintain all risk policies and procedures.
  • Perform regular documented risk assessments and coordinate the risk and control self-assessments across 1 and 2 LOD of Defense
  • Foster, develop and enhance a strong risk management culture, across all categories of risk, throughout the fintech.
  • Manage and continually develop and enhance the fintech’s Enterprise Risk Management Framework and day-to-day risk management processes.
  • Monitor changes in fintech’s activities and ensure that risks arising from any significant changes are considered within the Risk Management Program.
  • Build and maintain risk register
  • Risk and Compliance owner of the Business Continuity Planning and Execution
  • Provide training and guidance as needed to team members
• Incident Management, Governance and Reporting
  • Oversee incident management and ensure monthly and quarterly reporting on incidents
  • Be the main owner of the Group Risk Management Tooling – perform user acceptance testing, maintain the data, train 1 LOD on tool usage, prepare reporting from the tooling
  • Provide reports on the risk management program to Head of Compliance and CEO that will be shared with the Risk Committee and/relevant Board
  • Perform analysis of risk data to identify insights, trends and emerging risks
  • Coordinate all governance activities related to the Risk Management Program, including preparation of materials, scheduling and taking minutes for the Business Risk and Compliance Committee
  • Support with materials preparation for the Board Risk and Compliance Committee and the Board meeting
  • Create regulatory reports in line with regulatory requirements
• Compliance management
  • Create regulatory reports in line with regulatory requirements
  • Oversee fraud management and case resolution within 2 LOD
  • Review new product initiatives and provide feedback to tech, product and commercial teams on risk and compliance requirements
  • Liaises with the Legal and Compliance Division on customer complaints, litigation, and other subjects when requested
  • Review new proposed contracts from a risk and compliance perspective as required
• Audit & Findings Management
  • Supports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
  • Maintain a tracker of all open risk and compliance related audit and/or monitoring and testing findings and ensure these are proactively remediated

Qualifications, experience and skills:

Qualifications:

• Bachelor’s degree or equivalent level of work experience

Experience:

• 10+ years’ experience as a Risk/Compliance professional at a payment/e-money institution, fin-tech and/or financial regulatory agency.
• Experience in and understanding of payments, e-money or wallet products/services, banking functions, MSBs and merchant processing

Skills

• Strong leadership and communication skills, with the ability to effectively manage and guide a team.
• In-depth knowledge of risk and compliance
• Familiarity with mobile money platforms and a passion for delivering exceptional customer experiences in a dynamic and fast-paced environment.
• Ability to promote the company culture, values and behaviors and to ensure standards of performance are accepted and understood.
• Ability to be proactive in terms of identifying and addressing risk and management issues that are arising.
• Ability to coordinate completion of multiple tasks and meet aggressive time frames.
• Ability to take initiative and work independently with minimal supervision in a structured environment.
• Demonstrate thought leadership and market presence relating to best practice and innovation.
• Good understanding of the payment technology industry.
• Advanced Microsoft Office (Word, Excel, and Outlook) skills.
• SQL, SAS, or similar database experience a plus