Executive Director, Compliance - Kuwait City - tiqmo

Job Summary: Tiqmo seeks a seasoned Executive Director to lead compliance, Anti-Money Laundering (AML), and anti-fraud functions. This role entails strategic development and operational execution of policies and procedures.

Key Responsibilities:

• Compliance Department Lead: Provide guidance, mentorship, and support for professional development and operational excellence.
• Regulatory Review and Improvement: Conduct comprehensive reviews and continuous improvements of compliance frameworks, AML protocols, and fraud prevention strategies to ensure alignment with regulatory requirements and industry best practices.
• Regulatory Compliance: Uphold stringent compliance with all Central Bank of Kuwait regulations, mitigating legal and financial risks.
• AML and CFT Program Oversight: Ensure compliance with legal obligations and proactive management of potential threats.
• Anti-Fraud Management: Manage the anti-fraud team to protect customers from fraudulent activities and respond swiftly to incidents or alerts.
• External Audit and Inspection Preparation: Coordinate and lead preparations for external audits and regulatory inspections to demonstrate compliance and operational integrity.
• Risk Assessment and Due Diligence: Conduct detailed risk assessments during customer onboarding, including Enhanced Due Diligence and ongoing risk evaluations, providing summarized insights to leadership.
• High-Risk Customer Approvals: Approve interactions with high-risk customers, ensuring all compliance thresholds are met.
• KYC Database Maintenance: Supervise the maintenance and accuracy of the KYC database, ensuring it reflects up-to-date risk assessments and compliances.
• Documentation and Accountability: Document all compliance-related activities thoroughly to ensure clarity and accountability in audits and reviews.
• Technology and Process Development: Develop and implement technology solutions and operational processes to enhance the effectiveness of compliance, AML, and anti-fraud measures.
• Industry and Regulatory Updates: Stay abreast of industry developments and regulatory changes by attending relevant training sessions and conferences, and incorporate insights into strategy and training.
• Regulatory Relationships: Foster relationships with regulatory bodies and industry leaders to enhance compliance strategies and advocate for Tiqmo's interests.

Requirements:

• Professional Experience: 11+ years in a previous legal or compliance role, with a minimum of 5 years in a managerial role at regulated financial services, payments, or FinTech company.
• Technology Solutions: Extensive experience driving technology solutions with cross-functional participation and support.
• Regulatory Expertise: Expert knowledge of regulations and compliance standard methodologies related to BSA/AML, OFAC, KYC, and Customer Due Diligence.
• Project Management: Ability to initiate and lead multiple projects simultaneously and in a timely manner and manage projects from start to finish.
• Teamwork and Leadership: Effective teamwork skills to bring others along, high energy, and proven team-first mentality.
• Communication Skills: Demonstrated ability to build positive relationships, as well as management and influencing skills.
• Credentials: Bachelor's degree in Business Administration or Management, Finance, Law or any other related field.