About the role
Join us as we build our presence in Kuwait as a founding member of our compliance team. In this significant role, you will support the establishment of the compliance function from the ground up, directly interfacing with the Central Bank of Kuwait (CBK).
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Key Responsibilities
- Own the CBK relationship - correspondence, inspections, information requests and supervisory dialogue
- Lead the compliance workstream of our CBK registration and licensing programme
- Build the Kuwait compliance framework from scratch: policies, controls, monitoring plan and risk assessments
- Act as Money Laundering Reporting Officer (MLRO) - manage the AML/CFT programme, including suspicious transaction reporting (STR) filing, customer due diligence (CDD), sanctions screening and transaction monitoring
- Maintain the Buy Now Pay Later (BNPL) consumer protection framework covering dispute resolution, fee transparency and complaint handling
- Track regulatory changes, assess their business impact and drive implementation with the relevant stakeholders
- Prepare compliance reporting for the CBK and documentation for audit and risk committees
- Conduct regular compliance assessments and audits, proactively identifying potential areas of non-compliance and recommending corrective actions to mitigate risks and ensure adherence to regulatory standards
- Provide strategic guidance and support to various departments within the organization on compliance-related matters, including regulatory changes and updates, ensuring that all business activities are conducted in a compliant manner
- Design and roll out efficient and effective compliance processes, leveraging technology and innovative solutions to streamline compliance workflows and enhance operational efficiency
- Collaborate with internal stakeholders, including senior management, to integrate compliance considerations into all aspects of business operations, including product development, marketing, and customer service
Skills, Knowledge and Expertise
- 5+ years in compliance, AML/CFT or regulatory advisory within a CBK-regulated business - a Kuwaiti bank, finance company, exchange house, or registered e-payment or e-money provider
- Direct experience dealing with the CBK, including inspections and regulatory submissions
- Working knowledge of the CBK's e-payment of funds regime and Kuwait's AML/CFT framework
- A track record of building frameworks, not just administering them
- Professional proficiency in Arabic and English, including the ability to draft regulatory correspondence in Arabic
Location and Employment Type
- Location: Kuwait
- Employment Type: Full Time
This is a unique opportunity to play a vital role in shaping compliance at one of the leading financial platforms in the region.
