Chief Compliance Officer

Chief Compliance Officer

Meet myZoi

myZoi is a SC Ventures (SCV) fintech startup dedicated to promoting global financial inclusion, by offering affordable, convenient, and transparent financial services to the unbanked and underbanked.

The Role

We are looking for a smart, ambitious, and purpose-driven Chief Compliance Officer to join myZoi, based in Dubai. You will be responsible for establishing and maintaining robust governance and compliance culture, ensuring adherence to laws and regulations, and CFCC policies and procedures.

Our ideal candidate would be responsible for managing the efficient and effective governance of CFCC risk.

Responsibilities

Focus on driving CFCC considerations across all business activities and initiatives within myZoi covering a wide range of areas/topics including (but not limited to): retail banking, corporate banking, strategic investment, data strategy, and digital assets.

Risk Management and Governance

• Responsible for supporting the awareness and adoption of an appropriate governance model appropriate across myZoi’s regulated entities, considering senior management responsibilities, entity structuring, and expansion planning.
• Responsible for the oversight of the execution of the various myZoi CFCC frameworks which are designed to ensure compliance with applicable regulations, internal policies, procedures.
• Challenge and maintain the right balance between risk prudence and pace of innovation set by the new competitor landscape.
• Anticipate horizon risks in the area of CFCC that may have a significant impact and develop effective strategies to mitigate such horizon risks.
• Managing the CFCC relationship with SCV and the Board through the Executive Risk Committee, Board Meetings and adhoc SCV engagement to consider CFCC risk across (but not limited to) regulatory matters, conduct, compliance, FCC, and data.
• Responsible for leading the CFCC team and driving the strategic adoption of the CFCC and supporting the Data Protection Officer in implementing the data management and privacy framework for myZoi.
• Responsible for supporting the responsible MLRO in the delivery of the myZoi financial crime risk framework, which covers Anti-Money Laundering, Countering Terrorist Financing, Compliance with financial Sanctions; and Anti-Bribery and Corruption.

Regulatory relationships and regulatory change

• Responsible for regulatory relationships in myZoi, including regulatory inspections management, and identification of regulatory reform initiatives with significant impact on the country.
• Execute and implement functional best practices around regulatory inspections, audits and assurance exercises.
• Ensure proactive engagement in regulatory reform, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forum.

Business

• Analyse comprehensive impact of CFCC matters on the relevant business areas and their operations.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Ensure appropriate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to CFCC.
• Provide support and challenge to myZoi’s senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).

People and Talent

• Lead through example and build the appropriate culture and values by setting the appropriate tone and expectations from CFCC team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are competent, suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Assess competency and skill of the team on an ongoing basis and ensure teams are adequately resourced and capacitised.

About You

• 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.
• Willing to take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and Code of Conduct & Ethics.
• Possess a strong understanding of the financial services sector, demonstrating sound judgment on business practices within a digital environment, regulatory frameworks, and CFCC risk management.
• Exhibit strong organizational, communication, and stakeholder management skills, capable of identifying, challenging, and resolving risks and issues.
• Bring over 13 years of hands-on experience in financial crime, compliance, and regulatory risk management to the table.
• Enjoy a collaborative working style across stakeholders to identify, escalate, mitigate, and resolve risk, conduct, and compliance matters.
• Thrive in a creative, fast-paced, agile environment, with a clear, concise, and persuasive writing and presentation skills, coupled with enthusiasm to execute and get things done.
• Bring an imaginative and creative approach to work, coupled with curiosity about new technologies, workflows, and products.
• Ability to see things from multiple perspectives and continuously ask "why," with a good business acumen and understanding of industry trends, directions, and regulatory considerations.
• Understand effective communication concepts, tools, and techniques, adept at transmitting, receiving, and accurately interpreting ideas, information, and needs across diverse situations and customer segments.

Key Stakeholders and Reporting Relationships

• Relevant Financial Services Regulators
• Chief Executive Officer
• Businesses and Functions
• Group Internal Audit

At myZoi we strive to create a both a product and a team that embraces equality, inclusion, diversity and freedom. We want people who can be themselves and bring their own brand of value to the team. Come and join us.

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