Head of Compliance for Middle East and Africa Region
Crypto.com
Legal
Dubai - United Arab Emirates
Posted 6+ months ago
Our Local Programs and Regulatory Compliance team is responsible for ensuring compliance with local laws and regulations in the countries where we operate.
The UAE Regional Head of Compliance & MLRO is responsible for supporting Crypto.com in its regulatory compliance obligations across all business operated from the United Arab Emirates, including securing and maintaining licenses, managing regulatory examinations and independent reviews, preparing and submitting regulatory reporting, maintaining program documentation and acting on findings, recommendations and observations. The role leads a world-class regulatory compliance regime that ensures robust policies and controls are in place and in line with regulatory changes.
Key responsibilities
- Facilitates the development and maintenance of the appropriate compliance culture within the Company and across the Middle East and Africa region.
- Leads a world-class team of Compliance and Money Laundering Reporting Officers that ensure robust policies and controls are in place and in line with regulatory changes in each regulatory jurisdiction in which Crypto.com operates across the region.
- Provides regulatory updates to the Executive Board (“Board”) on the state of the Compliance Program and escalates any significant risks as soon as appropriate.
- Supports the Middle East and Africa General Manager and participates in the region’s executive leadership team.
- Acts as the Money Laundering Reporting Officer and the Risk Officer under the Virtual Asset Regulatory Authority (VARA) in UAE.
- Monitors, reviews, and communicates to all relevant stakeholders any significant regulatory developments within the environment of the business and actively develops technical knowledge in relation to the regulatory framework governing the company and its activities.
- Supports the regulatory license applications and acts as our regulatory liaison in the Middle East and Africa region and as appropriate.
- Maintains relationships with regulators and other relevant authorities.
- Creates and implements a Compliance Program frameworks, procedures, and policies.
- Oversees the effective implementation of the internal compliance policies and procedures
- Supervises investigations of internal reports of known or suspected money laundering and/or terrorist financing activities, and ensures appropriate STRs/SAR reports are submitted to appropriate authorities per their specifications and requirements.
- Liaises with internal (ex: Legal, Compliance, IT, Security, etc.) and external (external counsel, consultants, etc.) stakeholders to ensure accurate reporting to regulatory bodies.
- Responds to law enforcement requests and inquiries as appropriate.
- Performs regular internal reviews to ensure full compliance with all the regulatory requirements.
- Prepares and implements action plans to remedy any identified regulatory compliance shortfalls for the market and escalates recommendations to senior leadership on the required actions.
- Partners with Product Engineering, Security and Data teams to ensure new products and services are developed and deployed in a compliant manner.
- Prepares new risk assessments to identify regulatory compliance risks and documents recommended mitigation strategies.
- Performs other duties and responsibilities as needed from time to time to ensure compliance with regulatory requirements across the region in accordance with the company’s global standards.
Requirements
- Minimum of eight years of relevant experience working within (i) a regulated financial institution (payment service provider / e-money) or (ii) a regulatory authority; or (iii) a law firm handling compliance matters relating to AML, and applicable payments services laws and regulations.
- Locally recognised qualification/s related to the role.
- Experience within the digital assets industry (cryptocurrency) is strongly preferred and advantageous.
- An understanding of AML regulations and payments services legislation within the banking/financial services industry across the region.
- Demonstrate an understanding of regulatory requirements vs. “best practices” in compliance is critical, coupled with the ability to distil and discern important information from regulatory guidance, statutes and regulations, audit findings, and determine how it impacts the business.
- Excellent written, verbal and interpersonal communication skills and a proven history of working effectively with people at all levels across a decentralised international and matrixed environment.
- Motivated and solution-oriented, with the ability to work successfully across multiple cultures and with demonstrated success working closely within a team as well as independently.
- Perform and execute to a high standard autonomously with minimal supervision.
Life @ Crypto.com
Empowered to think big. Try new opportunities while working with a talented, ambitious and supportive team.
Transformational and proactive working environment. Empower employees to find thoughtful and innovative solutions.
Growth from within. We help to develop new skill-sets that would impact the shaping of your personal and professional growth.
Work Culture. Our colleagues are some of the best in the industry; we are all here to help and support one another.
One cohesive team. Engage stakeholders to achieve our ultimate goal - Cryptocurrency in every wallet.
Work Flexibility Adoption. Flexi-work hour and hybrid or remote set-up
Aspire career alternatives through us - our internal mobility program offers employees a new scope.
Work Perks: crypto.com visa card provided upon joining
Are you ready to kickstart your future with us?
Benefits
Competitive salary
Attractive annual leave entitlement including: birthday, work anniversary
Aspire career alternatives through us. Our internal mobility program can offer employees a diverse scope.
Work Perks: crypto.com visa card provided upon joining
Our Crypto.com benefits packages vary depending on region requirements, you can learn more from our talent acquisition team.
About Crypto.com:
Founded in 2016, Crypto.com serves more than 80 million customers and is the world's fastest growing global cryptocurrency platform. Our vision is simple: Cryptocurrency in Every Wallet™. Built on a foundation of security, privacy, and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.
Crypto.com is an equal opportunities employer and we are committed to creating an environment where opportunities are presented to everyone in a fair and transparent way. Crypto.com values diversity and inclusion, seeking candidates with a variety of backgrounds, perspectives, and skills that complement and strengthen our team.
Personal data provided by applicants will be used for recruitment purposes only.
Please note that only shortlisted candidates will be contacted.
