Head of Compliance - Revolut UAE

at  Revolut Ltd

ABOUT REVOLUT

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, we’ve helped 40+ million customers get more from their money. And we’re not done yet.
As we continue our lightning-fast growth, two things are essential to continuing our success: our people and our culture. We’ve been officially certified as a Great Place to Work™ in recognition of our outstanding employee experience! So far, we have 10,000+ people working around the world, from our great offices or remotely, on our mission. And we’re looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

WHAT YOU’LL NEED

• Fluency in English with excellent communication skills
• 6+ years of FinCrime (AML/CTF and Sanctions) and regulatory compliance experience, covering a wide range of subjects across retail and business customer bases, such as KYC, CDD/EDD, Transaction Monitoring, Risk Assessments, Reporting (SARs), and Regulatory Reporting
• Experience in compliance risk management within a consultancy, compliance function, or regulator
• Strong knowledge of UAE financial services regulations, covering onshore and financial freezone regulators
• Strong knowledge and experience of identifying financial crime risks and potential vulnerabilities, advising on best practices to effectively and efficiently address those findings
• Knowledge of how to conduct regulatory gap analysis, policy creation and implementation
• Knowledge and experience in the regulatory requirements relating to payments, and a willingness and passion to develop knowledge and expertise in the other areas (crypto, privacy, etc.)
  Building a global financial super app isn’t enough. Our Revoluters are a priority, and that’s why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We’re not just doing this because it’s the right thing to do. We’re doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That’s why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.
  Refer to our Data Privacy Statement for Candidates for details on our data handling practices during your application.
  Job ID 88f63169-b81a-4de7-94ee-caebd796c025

ABOUT THE ROLE

Financial Crime and Regulatory Compliance is a key team that ensures Revolut’s products and processes meet global AML/CTF regulatory requirements and translate these into the best customer outcomes.
We’re looking for a Head of Compliance who can see what’s needed to keep our consumer protection practice in compliance Someone who has a burning desire to make it the best. If being on the ground floor of establishing a compliance department and working on cutting edge product offerings seems interesting to you, keep reading
This position is critical to support the growth of Revolut’s business in UAE and will be the focal point for all activity within Revolut relating to FinCrime and Regulatory Compliance. We are searching for someone with extensive experience in the financial industry and proven experience in a compliance function that is excited to design, lead, and shape the future of oversight and compliance.
Up for the challenge? Let’s get in touch

WHAT YOU’LL BE DOING

• Developing and implementing our compliance management system, particularly in relation to delivering compliant customer outcomes, reviewing marketing communications, and analysing complaints
• Working closely with global Regulatory Compliance Managers to ensure that local risk management frameworks and processes are aligned with global ones and deliver the intended outcome
• Identifying regulatory issues proactively and recommending remedies to promote compliance
• Creating, assessing, and implementing policies from scratch
• Preparing responses to ad hoc regulatory requests and ensuring the highest reporting standards are maintained
• Preparing licensing materials and drafting ad hoc NOCs as appropriate
• Supporting the Group Head of FinCrime to provide effective oversight of 2LOD regional and local MLRO teams and 1LOD FinCrime teams
• Ensuring FinCrime risks are considered in our day-to-day operations, including the development of new products and onboarding of new customers
• Participating in FinCrime-related governance committees to effectively check-and-challenge initiative owners, identifying potential issues and proposing solutions
• Maintaining strong relations with regulators and ensuring we are up to date and compliant with an ever-changing regulatory landscape