About myZoi

myZoi is an exciting fintech start-up aiming to promote financial inclusion globally. Our vision is to provide a level playing field to the unbanked and the underbanked in accessing essential financial services in an affordable, convenient, and transparent fashion. We are looking for smart, ambitious, and purpose driven individuals to join us in this journey.

This is an opportunity to join myZoi as a Manager for Compliance & Financial Crime Advisory. The role will be based in the UAE.

The Role Responsibilities

Strategy

• Support in building a sustainable compliance framework (including regulatory and financial crime) that places regulatory and compliance best practice standards, and a culture of appropriate conduct at the forefront of the Company\xe2\x80\x99s agenda.
• Support the implementation of the vision, strategy, and direction for the Company.
• Support high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the Company\xe2\x80\x99s business goals.
• As an independent second line risk control function, execute the relevant aspects of the Compliance (including Financial Crime and Enterprise) risk framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group\xe2\x80\x99s business.
• Promote the culture and practice of adherence to compliance standards (including conducting business within regulatory requirements, and to high ethical standards) and the Code of Conduct within the Company.
• Support in the delivery of appropriate regulatory guidance, and the establishment of an integrated programme to identify, manage, monitor, and report Compliance (including regulatory, conduct and financial crime) risk within the Company
• Be guided by and aligned to the Group\xe2\x80\x99s and SCV\xe2\x80\x99s Compliance framework; and ensure Group and SCV compliance risk framework owners receive necessary updates, reports and escalations in a timely manner.

Business

• Be a \xe2\x80\x98trusted advisor\xe2\x80\x99 to the Business and provide timely advice to ensure compliance with all relevant laws and regulations.
• Support the development of risk-based CFCC frameworks and a programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive regulatory and financial crime compliance and conduct risk mitigation.
• Provide timely and relevant guidance to stakeholders on the application and interpretation of legislation, regulatory guidelines and policies, especially data management related regulations and industry standards relevant to the business.
• Support regulatory consultations and demonstrate judgement on the areas to engage, so as to maximise the Company\xe2\x80\x99s value to thought leadership with regulators and policy makers.
• Provide robust challenge to relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.
• Proactively support and challenge the Company\xe2\x80\x99s businesses and functions to exhibit appropriate conduct, comply with compliance policy and standards and regulatory and financial crime compliance requirements and strive to achieve fair outcome for the Company\xe2\x80\x99s clients.
• Provide regulatory advice, analysis (and challenge when appropriate) for new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations.

Processes

• Continuously review and look for ways to streamline BAU processes to ensure efficient and sustainable ways of working within the Company.
• Apply best practice and identify areas to improve process and develop more efficient ways of working.
• Support the development and maintenance of effective processes (including training, advice and support) to ensure that policies and standards to address compliance risks, including financial crime risks are effectively implemented across the Company.
• Provide support and challenge to Business and other Functions, where applicable, to ensure that they establish and monitor appropriate processes for compliance with compliance policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Support the evaluation of the effectiveness of the Company\xe2\x80\x99s CFCC efforts.
• Support the effective management of CFCC matters, and in collaboration with the Group and SCV CFCC teams, effectively manage regulatory issues that have a significant impact on the Company.

People and Talent

• Maintain constructive and effective relationships with the business and functional teams and assist relevant the CFCC head and CRO to interface with and support all key business stakeholders.
• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic and tactical objectives.
• Build strong relationships with the wider Group and SCV teams and encouraging team collaboration.
• Lead by example and support the development of appropriate culture and values. Set appropriate tone and expectations and work in collaboration with other risk and control partners.
• Support the development and delivery of the relevant CFCC training programs.

Risk Management

• Identify, assess, manage, monitor, mitigate and report compliance (including regulatory, conduct and financial crime) risks.
• Support the formulation of compliance policies and standards for approval by the relevant governing body (as necessary) under the Company\xe2\x80\x99s governance framework.
• Support the development of controls for the Company in respect of risk categories where Compliance has been defined as Risk Owner as set out in the relevant Risk Management Frameworks.
• As an independent second line risk control function, execute the relevant aspects of the Compliance (including regulatory and financial crime) framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Company\xe2\x80\x99s business.
• Support a programme for CFCC monitoring, surveillance and assurance for the Company.
• Maintain independence, deliver timely responses, and timely escalation of risks and issues where it is felt that risk tolerance of the firm is exceeded.
• Support the management of the regulatory relationships with each of the regulators, whose rules the Company is subject to.
• Collaborate with other CFCC teams within the Group and SCV to anticipate horizon risks that may have a significant impact on the Company and support the development of effective strategies to mitigate such horizon risks, including global standards for conduct of business.

Governance

• Promote the culture and practice of organisational compliance with compliance (including regulatory and financial crime) policies and standards.
• Ensure swift remediation of any regulatory breaches.
• Escalate to management\xe2\x80\x99s attention serious regulatory breaches, or where risk tolerances have been breached, for notifying regulators as appropriate.
• Disseminate regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
• Insofar as they relate to regulatory and financial crime compliance, provide details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to the CFCC Head.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Venture CFCC team to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Central Bank of the UAE (CBUAE)

Key Stakeholders

• Chief Compliance Officer
• SCV CFCC
• CEO
• CRO
• COO
• CPO
• Regulator(s)

Other Responsibilities

• Support projects and initiatives relevant to the CFCC team.
• Support the creation of an environment where forward planning, prioritisation and deadline management lead to efficient work practices and streamlined functional activities and processes.

Our Ideal Candidate

• Working experience in risk management (preferably in compliance and regulatory risk management).
• 8 years\' working experience in or supporting the financial services industry (preferably in the banking industry)
• Knowledge of practices, behaviors, applicable laws, rules, and regulations governing proper business conduct; ability to demonstrate ethical behavior in diverse situations.
• Knowledge of the processes, customs, policies, and rules affecting the way the organization is administered and controlled; ability to ensure compliance with the same
• Knowledge of processes, tools and techniques for assessing and controlling an organization\'s exposure to risks of various kinds; ability to apply this knowledge appropriately to diverse situations.
• Understanding of best practice risk management techniques and frameworks
• Knowledge of and ability to help an organisation adapt to applicable legislation and company-specific regulations, policies, and guidelines affecting business practices.
• Understanding of the key features of relevant laws and regulations relevant to the Group.
• Knowledge of concept, methods, and processes of internal control; ability to create, implement, evaluate and enhance processes in internal controls.

Skills and characteristics

• Imaginative and creative approach to how we do work
• Curiosity about new technologies, workflows, and products
• Ability to see things from multiple perspectives, as well as ask the question \xe2\x80\x9cwhy\xe2\x80\x9d continuously
• Tireless work ethic and enthusiasm to execute and get things done
• Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the Company\'s business; ability to apply this knowledge appropriately to diverse situations
• Good business acumen (including ability to assess risk and appropriate levels of return)
• Knowledge of the organization\'s industry group, trends, directions, major issues, regulatory considerations, and trendsetters; ability to apply this knowledge appropriately to diverse situations.
• Ability to understand geographically dispersed and highly varied customer and segment base
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours.
• Knowledge of major responsibilities and tasks of CFCC function and its day to day management.

Standard Chartered