About the Role
We are seeking an experienced Compliance Manager to establish and oversee the compliance function for a group operating in prop trading, Forex/CFD brokerage, and financial services. This role focuses on developing a robust group-wide compliance framework, ensuring regulatory compliance across multiple jurisdictions, and overseeing AML/KYC, financial crime prevention, and risk management. The successful candidate will collaborate closely with senior management and various teams, including Legal, Risk, Finance, Payments, Operations, Dealing, Product, and Technology. There may also be an opportunity to act as Group MLRO, subject to relevant regulatory approvals.
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Key Responsibilities
- Compliance Framework: Build and develop the compliance function; establish policies and procedures; identify regulatory gaps; implement remediation plans; introduce effective monitoring and reporting processes.
- Regulatory Oversight: Ensure compliance with applicable licensing requirements, regulatory permissions, and jurisdictional restrictions; manage regulatory filings, renewals, enquiries, inspections, and relationships with regulators and external advisers.
- AML/KYC & Financial Crime: Oversee AML/CFT frameworks, risk assessments, customer due diligence, sanctions and PEP screening, transaction monitoring, suspicious activity reporting, and investigations; monitor payment-related risks, including third-party payments, chargebacks, PSPs, and crypto payment channels.
- Prop Trading Compliance: Assess the regulatory treatment of simulated trading and prop trading products across jurisdictions; review trader agreements, evaluation rules, and payout structures; establish controls against prohibited trading practices, account manipulation, and trading abuse.
- Forex/CFD Brokerage Compliance: Oversee client classification, suitability, best execution, client money protection, leverage requirements, conflicts of interest, market abuse, disclosures, and trading conduct.
- Policies & Monitoring: Develop and maintain compliance policies covering AML/KYC, sanctions, financial promotions, complaints, data protection, outsourcing, conflicts of interest, regulatory reporting, and employee conduct; implement risk-based monitoring, testing, and remediation programmes.
- Marketing & Client Protection: Review websites, campaigns, affiliate materials, financial promotions, and client communications to ensure they meet regulatory requirements, including appropriate disclosures, risk warnings, and jurisdictional restrictions.
- Governance & Reporting: Prepare compliance reports for senior management and the Board; oversee complaints and regulatory incidents; coordinate local compliance officers; deliver employee training; maintain appropriate records for audits and regulatory inspections.
- Cross-Functional Oversight: Work closely with internal teams and third-party providers to ensure compliance risks are identified, controlled, and documented across the Group.
Requirements
- Bachelor's degree in Law, Finance, Compliance, Risk Management, Accounting, Business, or a related field.
- Strong experience in compliance within financial services, preferably in Forex, CFD brokerage, prop trading, FinTech, payments, or similar businesses.
- Excellent knowledge of AML/CFT, KYC/CDD, sanctions, financial crime, and regulatory compliance.
- Experience in dealing with regulators or regulated financial institutions; developing compliance policies; and implementing monitoring programmes.
- Strong understanding of licensing requirements, regulatory perimeters, and cross-border compliance.
- Experience coordinating compliance teams or local compliance officers across multiple jurisdictions is an advantage.
- Understanding of payment risks, PSPs, and digital/crypto payment channels.
- Excellent analytical, investigative, communication, and stakeholder-management skills; ability to work independently and advise senior management.
- High integrity, sound professional judgement, and strong attention to detail.
- Experience with prop trading/simulated trading and Forex/CFD brokerage models is highly desirable.
Preferred Qualifications
- CAMS, ACAMS, ICA, CISI or equivalent compliance, governance, or risk certifications.
Location
Dubai, UAE
Employment Type
Full-time
