Job description
Role Overview
Head of Compliance at LMAX Group's Dubai office. This role leads the compliance division within a dynamic, fast-growing institutional exchange environment, placing you at the forefront of regulatory adherence and risk management while working closely with senior leadership to support the company's strategic objectives.
Company Overview
LMAX Group operates a complex institutional exchange in the UAE financial market. The compliance division is part of a collaborative team dedicated to maintaining the highest standards of integrity and operational excellence.
Role Purpose
To develop, implement, and maintain a robust compliance framework that ensures the firm meets all UAE financial regulatory requirements and industry best practices. This role serves as the primary compliance leader, responsible for regulatory relationships, policy governance, and fostering a culture of compliance awareness across the organization.
Key Responsibilities
Regulatory Relations and Filings
- Act as the primary point of contact for the Securities and Commodities Authority (SCA/CMA).
- Manage all regulatory filings, information requests, and supervisory inspections.
- Ensure full adherence to UAE financial rules and regulations.
- Ensure effective communication and liaison with regulatory bodies and external auditors.
Policy and Program Development
- Develop, implement, and maintain the firm's Compliance Manual and internal policies.
- Ensure all policies are updated to reflect the most recent SCA/CMA circulars.
- Lead the development, implementation, and maintenance of comprehensive compliance programs aligned with regulatory requirements and industry best practices.
Communications and Approvals
- Perform the final compliance sign-off on all promotional material and client-facing communications, ensuring they are fair, clear, and not misleading.
Risk Monitoring and Reporting
- Oversee the monitoring and reporting of compliance risks, ensuring timely identification and mitigation of potential issues.
- Conduct transaction monitoring for global entities.
Anti-Money Laundering and Financial Crime
- Act as the firm's Money Laundering Reporting Officer (MLRO).
- Oversee the entire AML/CFT framework, including internal controls, risk assessments, and reporting mechanisms.
- Maintain oversight of the goAML portal for the submission of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) when necessary.
Training and Team Development
- Drive continuous professional development initiatives within the team to maintain up-to-date knowledge of global financial compliance standards.
- Provide expert guidance and training to staff on compliance matters, fostering a culture of compliance awareness across the organization.
Qualifications & Experience
- University degree with a minimum of 5 years' experience in financial markets or relevant fields.
- Alternatively, a minimum of 5 years' experience in financial markets combined with one or more of the following qualifications: Master Financial Controller, Certified Internal Auditor (CIA), Chartered Development Finance Analyst, Certified Management Accountant (CMA), Certified Public Accountant (CPA), ICA Certificate in Compliance, ICA International Advanced Certificate in Regulatory Compliance, ICA Advanced Certificate in Legal Compliance, or ICA Certificate in Regulatory.
- Successful completion of exams on UAE Financial Rules and Regulations and Combating Financial Crime.
Skills & Competencies
- Relevant certifications for anti-money laundering tasks such as ICA International Advanced Certificate in Anti Money Laundering, ICA Advanced Certificate in Practical Client Due Diligence, ICA Advanced Certificate in Managing Fraud, ICA Advanced Certificate in Managing Sanctions Risk, ICA Specialist Certificate in Financial Crime Risk in Global Banking and Markets, ICA Specialist Certificate in Money Laundering Risk in New Technology, or Certified Anti-Money Laundering Specialist (ACAMS).
- Strong leadership, communication, and stakeholder management skills.
- Commitment to ongoing Continuous Professional Development (CPDs) in Global Financial Compliance.