Vice President Regulatory Compliance
Dubai, United Arab Emirates
Job Description
About the Role
The Vice President of Regulatory Compliance plays a pivotal role in enhancing the state of compliance against regulatory requirements and in promoting a culture of compliance with internal policies. Key Accountabilities:
An attractive remuneration package is on offer to the successful candidate including tax-free salary, medical cover, tuition fee concessions, annual leave, and end-of-service benefits.
The Vice President of Regulatory Compliance plays a pivotal role in enhancing the state of compliance against regulatory requirements and in promoting a culture of compliance with internal policies. Key Accountabilities:
- Establish the approach and mechanisms (collectively referred to as \xe2\x80\x98framework\xe2\x80\x99) for managing the Group\xe2\x80\x99s level of regulatory and operational compliance against regulatory and internal requirements;
- Establish the mechanisms for highlighting instances of non-compliance and working with relevant functions to develop action plans to address non-compliance; monitor and report instances of non-compliance.
- Design and maintain a fit-for-purpose compliance framework for GEMS Group covering all aspects that are relevant for in-scope jurisdictions and businesses.
- The compliance framework must identify:
- Principles and approach to managing compliance against regulatory and internal requirements
- Role and responsibilities within the Group with respect to ensuring compliance
- Governance structure for management of regulatory and operational compliance; and
- Escalation route for any breaches.
- Roll out the compliance program (including but not limited to framework, policies, and templates) to Corporate Offices (SSC) and Schools;
- Maintain an exhaustive list of regulatory bodies/authorities and regulations under each regulatory body that are relevant to GEMS businesses.
- Development and ongoing maintenance of GEMS Education regulatory environment and legislative register.
- Work with relevant functions/teams to design mechanisms for establishing the state of compliance across the group, specifically identifying instances of partial or non-compliance.
- Partner with relevant functions within GEMS to drive advocacy around regulatory matters
- Maintain oversight of the state of compliance within GEMS services businesses, working in collaboration with relevant teams within the Corporate Office and the individual businesses.
- Ensure that all operational and regulatory non-compliance matters are adequately monitored and reported as per the approved governance structure; develop and circulate a monthly compliance report.
- Own internal compliance policies including, but not limited to, anti-bribery, conflict of interest, gift and hospitality, and donations.
- Define the processes for managing and monitoring compliance against relevant internal policies.
- Ensure that internal policies and processes are being proactively monitored, reviewed, and assessed for existing and potential compliance violations; and
- Maintain associated mechanisms, such as gifts and hospitality register.
- Establish and maintain an appropriate compliance training program for all employees
- Drive improvements in capturing relevant data for compliance reporting and monitoring purposes; drive continuous improvement and efficiency in the development of relevant reports/dashboards.
- Establish and maintain an appropriate compliance training program for all employees
- Relevant university education. External accreditation in the areas of legal or compliance.
- 12 years+ experience in dealing with regulatory authorities and compliance issues (such as sanctions, anti-money laundering and data privacy and protection) in Education or other regulated industries
- Experience in the educational sector (directly or through consulting) is preferred.
- Fluency in both English and Arabic is a must.
- Strong analytical thinking, communication, and presentation skills.
- Effective leadership, project management, and teamwork skills.
An attractive remuneration package is on offer to the successful candidate including tax-free salary, medical cover, tuition fee concessions, annual leave, and end-of-service benefits.
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Job Detail
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Job IdJD1496482
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned