Head of Compliance MENA Region (Dubai) - ING388

At INGOT, we believe in building high-performing teams where everyone is in the right seat – not just filling a role, but thriving in it. Our approach emphasizes in getting the right people in the right positions to drive business growth and success.

Here’s what that means for YOU:

You’ll excel at what you do because you’re in a role that aligns with your skills and passions

You’ll be aligned with our core values - High Ethics, Commitment and Innovation – we’re looking for team members who get it, want it, and have the capacity to do it

We want you to thrive in an environment where your contributions matter, and you can make an impact on our mission.

If you’re a high-energy, results-driven professional who’s ready to take on a role that matches your expertise and values, we’d love to connect! Check out the details below and see if this is the right fit for you.

Purpose of Role/Summary:

The Head of Compliance MENA Region will be responsible for overseeing and managing the regulatory compliance program within the Group for the MENA Region. This includes ensuring that all operations, transactions, and business practices adhere to internal policies and external regulatory requirements. The role involves developing and implementing compliance policies, training staff, conducting audits, and working closely with regulatory bodies.

Main Activities and Responsibilities:

Using LMA (Leadership, Management & Accountability), avail the maximum productive output from Compliance team while guiding and fostering the environment towards growth.

Step-in and lead the way if the team is not able to solve any problem. Showcase the solution in such cases for future reference of same issues

Monitor and review team performance and ensure employee’s growth and retention by sharing knowledge with them

Prepare guidelines for the team members to do all the regular tasks on daily basis

Develop and maintain a robust compliance framework to ensure adherence to all relevant laws, regulations, and industry standards.

Monitor changes in regulatory requirements and update policies and procedures accordingly

Serve as the primary point of contact for regulatory bodies and manage regulatory inspections and audits

Create, implement, and enforce policies and procedures to ensure compliance with regulatory requirements

Regularly review and update compliance policies to reflect changes in the regulatory environment

Develop and oversee the implementation of compliance training programs for employees

Identify, assess, and mitigate compliance risks within the organization and collaborate risk and compliance

Conduct regular compliance risk assessments and develop action plans to address identified risks.

Monitor and report on compliance risk exposure to senior management and the board of directors

Develop and maintain a compliance monitoring program, including transaction monitoring and surveillance

Report findings and recommendations from audits and reviews to senior management

Develop and deliver training programs to educate employees on compliance policies, procedures, and regulatory requirements

Promote a culture of compliance within the organization through effective communication and training initiatives

Provide guidance and support to employees on compliance-related matters

Prepare and submit compliance reports to regulatory bodies as required within the timeline.

Maintain accurate and up-to-date compliance records and documentation

Report compliance issues and breaches to senior management and the board of directors

Work closely with other departments, including legal, finance, and operations, to ensure compliance across all business activities

Provide expert advice and guidance on compliance-related matters to senior management and the board of directors

Participate in industry forums and stay abreast of industry trends and best practices.

Any other duties relevant to the role

Required Skills & Experience:

Bachelor's and/or Master's degree in Law, Finance, Economics, or a related field

10+ years of experience in a compliance role within the financial services industry, preferably in the forex or related sectors

Proven track record of maintaining up-to-date knowledge of relevant regulatory bodies and frameworks

Fluency in both English and Arabic, with excellent written and verbal communication skills in both languages

Strong analytical thinking and problem-solving skills

Demonstrated experience in developing, implementing, and maintaining compliance policies and procedures

Proven ability to manage and lead organizational change, particularly in response to evolving regulatory requirements

Strong decision-making abilities with the capacity to make high-impact compliance decisions

Ability to communicate complex regulatory concepts clearly to non-experts across all levels of the organization

Experience in designing and delivering compliance training programs to increase organizational awareness

High ethical standards and integrity in all compliance-related activities

Proven ability to manage sensitive and confidential information with discretion

Proficiency in leveraging technology for compliance monitoring, reporting, and process automation

Innovative mindset with a proactive approach to improving compliance efficiency through technology

Exceptional attention to detail in documentation, reporting, and regulatory submissions

Ability to proactively identify compliance risks and implement preventive measures

Competency in managing compliance-related crises and navigating regulatory challenges effectively

Strong commitment to continuous professional development and staying updated on regulatory trends and best practices

Further Info:

Working hours are 09:00 – 18:00 Monday to Friday

The role is in Dubai

Friendly and fun working environment

Paid annual leave entitlement

Compensation package which includes great benefits