Head of Compliance & MLRO - Dubai

Job Description

Head of Compliance & MLRO Digital Assets, Dubai

**Role is paying 40k AED - 55k AED a month - must be a UAE resident**

A self-funded and HNW backed start-up in Dubai is looking for a Head of Compliance & MLRO to be the spearhead in obtaining the Broker Dealer VARA license. You will be working with one of the MENA regions top consultancies during the application process which will then progress onto a Crypto Exchange licensing strategy.

This is an excellent opportunity to work with a newly established entity, led by entrepreneurs with a proven track record of building and scaling, you will be pivotal in overseeing all aspects of regulatory compliance and AML activities. As the Head of Compliance & MLRO, you will play a critical role in ensuring the start-ups adherence to regulatory frameworks this role will demand a strategic leader who can manage compliance risks, develop and implement effective compliance programs and foster a culture of integrity and accountability.

Responsibilities for the Head of Compliance & MLRO Digital Asset role:

• Operate as the epicentre for all Compliance, Licensing, AML Reporting and Risk requirements.
• Work closely with a top MENA recognised consultancy during the Broker Dealer application process with VARA.
• Develop and implement compliance policies and procedures, including a Business Continuity and Disaster Recovery Plan, oversee the implementation of the ABC policy whilst monitoring its effectiveness.
• Assess, plan and solve emerging issues and risks within the business.
• Report on critical compliance activities and audits to the board.
• Serve as the Money Laundering Reporting Officer (MLRO) for the company, ensuring compliance with all AML laws and regulations.
• Oversee the implementation and maintenance of Know Your Customer (KYC) procedures, ensuring thorough due diligence is conducted on all clients.
• Monitor and report suspicious activities in line with regulatory requirements, and liaise with relevant authorities as needed.
• Identify, assess, and mitigate compliance risks associated with the company&aposs operations, particularly in relation to cryptocurrency transactions.
• Develop and implement internal controls to minimize the risk of non-compliance and financial crime.
• Conduct regular risk assessments and audits to ensure ongoing compliance with regulatory requirements.

To be considered for the Head of Compliance & MLRO Digital Asset role you must have:

• Extensive experience in a compliance management role, with at least 3-5 years in a senior leadership position.
• Strong experience in the financial services sector, with a focus on Broker Dealer and Crypto Exchanges.
• Track record of engaging with MENA region regulators (ideally VARA) as well as leading Crypto / Exchange registration / applications
• Proven track record of developing and implementing compliance programs in a fast-paced, entrepreneurial and regulated environment.
• Strong analytical skills and the ability to interpret complex regulatory requirements.
• Excellent communication and interpersonal skills, with the ability to influence at all levels of the organization.
• You MUST be a UAE resident in order to be considered for this role.

If you are a hands-on Compliance leader with a passion for revolutionizing the regulatory landscape across the Crypto industry then please apply now with your latest CV.