Associate Director, CFCC

Job

Description

Associate Director Conduct, Financial Crime and Compliance - myZoi

Venture Role

• myZoi is an exciting fintech start-up aiming to promote
• financial inclusion globally. Our vision is to provide a level playing field to
• the unbanked and the underbanked in accessing essential financial services in
• an affordable, convenient, and transparent fashion.
• The role of Associate Director of CFCC is based in the UAE
• and requires supporting the Chief Compliance Officer in the implementation and
• maintenance of myZoi regulatory compliance and governance framwork including:
• Supporting the development and
• maintenance of compliance processes, tools, systems, and frameworks to
• effectively manage CFCC risks.
• Assisting senior management in
• promoting compliance with applicable regulatory requirements and SC Group
• standards.
• Supporting regulatory engagement
• activities, including coordinating communications and information requests from
• regulators.
• Assisting with licensing requirements,
• regulatory examinations, inspections, reporting obligations, and regulatory
• submissions.
• Supporting the
• assessment and implementation of regulatory changes to ensure timely compliance
• with new requirements.
• Contributing to the delivery of the
• CFCC strategy, priorities, and initiatives in alignment with myZoi's business
• objectives.
• Assisting in the review and
• enhancement of compliance policies, procedures, and governance documentation.
• Preparing compliance reports,
• management information, and regulatory updates for internal and external
• stakeholders.
• Coordinating with business and support
• functions to monitor compliance obligations and track remediation activities.

Responsibilities

Business

• Support the business by providing
• guidance on applicable laws, regulations, policies, and compliance
• requirements.
• Assist in the implementation and
• maintenance of a risk-based CFCC framework, including monitoring and assurance
• activities.
• Support the identification,
• assessment, and escalation of compliance risks and issues in line with
• established risk tolerances.
• Work with business and functional
• teams to promote compliance with CFCC requirements and support fair customer
• outcomes.
• Assist with Conduct investigations into
• suspicious activity and support regulatory reporting processes where required.
• Support the assessment of reputational
• and regulatory risks and the preparation of recommendations for management
• consideration.
• Challenge business
• stakeholders where activities exceed risk tolerance, escalating as needed.
• Support and challenge myZoi's businesses and functions to maintain appropriate
• conduct, comply with CFCC requirements, and achieve fair outcomes for clients.

Processes

• As an independent
• second-line risk control function, execute the relevant aspects of the
• Compliance (including Financial Crime and Enterprise) risk framework through
• robust independent risk control and the provision of specialist advice and
• constructive challenge in a manner proportionate to the nature, scale and
• complexity of the Group's business.
• Implement and conduct
• regular CFCC training programs on an ongoing basis to educate staff on the
• relevant regulatory developments, CFCC policies, and standards.
• Assist in setting control
• standards and advise on developing appropriate controls to mitigate regulatory
• risks.

Risk Management

• Escalate to Chief
• Compliance Officer compliance and conduct breaches and ensure effective
• management of issues identified — including comprehensive and timely actions
• for complete remediation.
• Analyse and advise on the
• holistic impact of complex Regulatory Compliance matters on myZoi's business
• and operations.
• Oversee identification,
• assessment, management, monitoring, mitigation, and reporting of compliance
• (including regulatory, conduct, and financial crime) risks.
• Contribute to formulating
• CFCC policies and standards for approval by the relevant governing body (as
• necessary) under myZoi l s governance framework.
• Contribute to developing
• controls for risk categories where Compliance has been defined as Risk Owner
• (as set out in the relevant Risk Management Frameworks).
• Collaborate with other CFCC
• teams within the Group and SCV to anticipate horizon risks and support the
• development of effective strategies to mitigate them, including global
• standards for business conduct.

Governance

• Draft, implement, and
• maintain CFCC policies, standards, department operating instructions, and
• process notes.
• Promote and embed a culture
• of openness, trust, risk awareness, and organizational compliance, assisting
• with implementing and tracking regulatory and financial crime policies and
• standards.
• Manage the remediation
• process for any CFCC risk issues and breaches.
• Support the Chief
• Compliance Officer and myZoi with horizon scanning, staying updated on
• regulatory changes and breaches relevant to myZoi's business model.
• Design, implement, and
• manage an effective regulatory change management approach for myZoi in a
• rapidly evolving regulatory landscape.

Skills

• Display exemplary conduct
• and adhere to the Group's Values and Code of Conduct, taking personal
• responsibility for embedding the highest standards of ethics, regulatory, and
• business conduct across myZoi.
• Possess a strong
• understanding of the financial services sector, demonstrating sound judgment on
• business practices within a digital environment, regulatory frameworks,
• corporate governance best practices, and CFCC risk management.
• Thrive in a creative,
• fast-paced, agile environment, ensuring fair outcomes for clients and financial
• crime compliance.
• Ability to produce nuanced
• and robust advice by seeing things from multiple perspectives and fully
• unpacking problem statements.
• Excellent business acumen
• encompassing industry trends and regulatory considerations.
• Bring over hands-on
• experience in financial crime, compliance, and regulatory risk management.
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