Job Description

Head of Regulatory Compliance- Financial Services

Transguard Workforce Solutions is the UAEaEUR(TM)s leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution. We are currently recruiting for a Head of Regulatory Compliance for our client to be based out of their Abu Dhabi office. Purpose- The Head of Regulatory Compliance will oversee and ensure the organizationaEUR(TM)s adherence to UAEaEUR(TM)s regulatory requirements applicable to the money exchange industry. This role will focus on safeguarding the organization from legal, financial, and operational risks by providing leadership in compliance, establishing frameworks for risk management, and ensuring continuous alignment with regulatory changes and best practices. Responsibility- Lead and manage the organizationaEUR(TM)s regulatory compliance strategy and framework to ensure compliance with all relevant laws, regulations, and industry standards. Stay up to date with regulatory developments within the money exchange and financial services sector globally, ensuring the organizationaEUR(TM)s practices are always compliant. Advise senior management on legal and regulatory compliance issues and implications. Develop, implement, and monitor compliance policies, procedures, and controls to mitigate regulatory and financial risks. Ensure that the organization's compliance programs, internal audits, and risk management systems are effective, efficient, and aligned with industry best practices. Establish and maintain an effective risk management framework, identifying potential risks and working with relevant departments to mitigate them. Lead investigations of potential violations or regulatory breaches, conducting thorough risk assessments, and implementing corrective actions as necessary. Oversee and coordinate internal and external compliance audits, ensuring that findings are addressed promptly and effectively. Liaise with external auditors, regulatory bodies, and law enforcement agencies during audits or investigations. Provide ongoing training and guidance to employees across the organization on regulatory compliance-related issues. Foster a culture of compliance throughout the organization, ensuring that all staff understand and adhere to internal controls and regulatory standards. Prepare and submit accurate, timely reports on compliance and risk management activities to senior management and regulatory authorities. Ensure proper documentation of compliance efforts and regulatory interactions. Build and maintain positive working relationships with regulatory bodies, industry groups, and stakeholders to stay informed about compliance trends and regulatory changes. Act as the primary point of contact for all compliance-related inquiries from regulators, law enforcement, and external auditors. Skills- A bachelor's degree in Law. Professional certifications such as Certified Regulatory Compliance Manager (CRCM). At least 8-10 years of experience in regulatory compliance within the financial services or money exchange industry. Proven experience in managing compliance teams, risk management processes, and regulatory reporting. In-depth knowledge of regulatory requirements for money exchange organizations, including AML/KYC guidelines. Seniority level

Mid-Senior level Employment type

Full-time Job function

Other Industries

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