Position Summary
The Manager - Digital Asset Compliance will design, implement, and oversee a comprehensive compliance strategy that addresses transaction monitoring, AML/CFT risks, and adheres to regulatory standards. With at least 5 years of experience in financial services compliance and expertise in virtual asset regulation, the candidate will ensure operational excellence and manage regulatory relationships. As part of a pioneering project, the candidate is also expected to flexibly contribute to various aspects of the initiative including areas beyond regulatory or compliance to ensure a successful integration of digital assets into Zand's service offerings.
Key Responsibilites
- Lead and work with internal stakeholders to deliver compliance strategies including the design, implementation, documentation, audit as well as policies and SOPs based on regulatory requirements, in line with business goals
- Lead and implement a risk-based compliance monitoring program that covers transaction monitoring, KYT, AML/CFT risk, Travel rule, etc.
- Continuously perform gap analysis, enhance the adequacy and relevance of the company's compliance program, and ensure remediation plans are conducted as needed to cover any deficiencies in a timely manner
- Manage and utilize monitoring tools to support the company's compliance program, ensuring that first and second-line support services are available and up- time on key services are maximized, along with all SLA KPIs
- Ensure that risk monitoring rules and parameters are correctly implemented or configured in line with the company's compliance program
- Establish an operational workflow to support the implementation of the company's compliance program
- Ensure timely review of any suspicious activities in line with established SLAs to deliver a smooth user experience
- Manage any supervisory or regulatory audits and requests from regulators.
- Provide advisory and support to business teams on compliance matters
- Keep abreast of the new regulatory requirements around the digital asset space.
- Perform any other duties required to ensure the company and/or business remains compliant
- Perform any other duties required by the company or project to ensure smooth launch of the business
- Requirements
- Bachelor's degree in Law, Business, Finance, Economics or a related field. A master's degree is a plus
- At least 8 years regulatory compliance experience in the financial services or banking industry
- At least 1 years experience working with a virtual asset service provider, or a firm that provides virtual asset services
- Experience or working knowledge of the VARA Rulebook as well as UAE Federal AML/CFT laws and regulations
- Experience or working knowledge of FATF's recommendations, outcomes, guidelines and UAE Mutual Evaluation report
- Experience in regulatory reporting, internal and external audits, as well as regulatory risk assessments
- Experience or working knowledge of UAE's regulatory compliance framework and/or its subsidiary legislations
- Experience working in a global compliance environment is a plus
- Demonstrable knowledge of digital assets and related products
- Proactive, hands-on and able to deliver independently with minimal supervision
- Ability to multi-task, prioritize and work effectively in a high-pressured environment
- Effective and excellent communicator
- Continuous improvement, driven and result-oriented mindset
