Associate Director CFCC – Governance

Job Description

REQUIREMENTS

• At least six years of hands-on experience in financial crime, compliance or regulatory risk.
• Experience in policy governance, compliance monitoring and testing, assurance and direct regulatory engagement.
• Strong knowledge of UAE AML, CFT, CPF and sanctions requirements, CBUAE expectations and SVF regulations.
• Working knowledge of Federal Decree-Law No. (10) of 2025 and its Executive Regulations.
• Experience drafting and governing policies, overseeing operational procedures and reporting to senior committees and boards.
• Experience managing regulatory examinations, audits, independent assessments and external consultants.
• Strong understanding of corporate governance, risk management and the financial services sector.
• Knowledge of fintech and payments business models, products, systems and regulatory considerations.
• Relevant professional certification such as CAMS, ICA or equivalent is preferred.

RESPONSIBILITES

Strategy and business advisory

• Help deliver the CFCC vision, strategy and plan set by the MLRO, aligned to our client’s strategic direction.
• Help ensure the team has the people, processes, tools, frameworks and systems needed to support sustainable growth and manage financial crime risk.
• Act as a trusted adviser to the business on applicable financial crime laws, regulations, policies and standards.
• Provide timely advice on various topics including bespoke projects and remediation activities.
• Challenge activity that falls outside risk appetite or tolerance and escalate until appropriate oversight and ownership are established.
• Help the business move towards proactive and preventive financial crime compliance.
  

Policy, standards and procedures

• Drive continuous improvement of FCC policy and standards framework.
• Draft, review and maintain policies so they remain aligned with UAE law, CBUAE requirements, SVF regulations, Federal Decree-Law No. (10) of 2025 and its Executive Regulations, and applicable Group and SC Ventures standards.
• Oversee FCC Operations procedures, desk instructions and process notes to ensure they remain accurate, current and consistent with approved policy.
• Ensure regulatory and policy changes are reflected promptly in operational documentation.
• Manage policy version control, approval routing and evidence under our client’s governance framework and Delegation of Authority.
• Run the annual Policy Effectiveness Review, identify gaps and track remediation.
  

Compliance monitoring and testing

• Act as CMAT Owner for the MLRO.
• Prepare and maintain the Annual Compliance Monitoring and Testing Plan for MLRO approval.
• Run quarterly testing cycles and thematic reviews.
• Own the monitoring and testing methodology, sampling approach, severity ratings and root-cause categories.
• Independently challenge first-line quality assurance and arrange retesting where required.
• Maintain the CMAT Findings Tracker and monitor timely, sustainable closure.
• Keep records of testing, findings, actions and closure evidence ready for audit and regulatory review.
  

Risk management and remediation

• Work closely with FCC Operations as an independent second-line partner and monitor the performance of controls and processes, including CDD/EDD, customer risk rating, sanctions screening, transaction monitoring and fraud controls.
• Escalate material, systemic or overdue issues and regulatory breaches to the MLRO and, where appropriate, the Executive Risk Committee and Board.
• Track remediation arising from regulatory findings, internal audit, independent assessments and internal reviews.
• Assess whether proposed remediation addresses root causes, is adequately evidenced and reduces recurrence risk.
• Oversee FCC Operations’ handling of significant financial crime events and ensure relevant connected parties, particularly cross-border parties, are identified and reported at the appropriate internal and external levels.
• Contribute to control development where Compliance is the defined risk owner under the Risk Management Framework.
• Understand the technical operation of CDD, screening, transaction monitoring and case-management systems sufficiently to monitor and test their effectiveness.
  

Governance, MI and reporting

• Prepare accurate and decision-useful FCC management information for the MLRO, Executive Risk Committee and Board.
• Report on control performance, monitoring and testing results, findings, remediation, emerging risks and regulatory commitments.
• Promote a culture of openness, trust, risk awareness and personal accountability.
• Track policy rollout, attestations, training completion and adoption.
• Support horizon scanning with Group and SC Ventures CFCC teams, including regulatory change, enforcement trends and emerging risks.
• Coordinate FCC audits with Internal Audit, including evidence requests and management responses.
  

Regulatory and external liaison

• Support the MLRO in managing relationships with the CBUAE and other relevant authorities.
• Support licensing, regulatory reporting, information requests, examinations, inspections, thematic reviews and remediation commitments.
• Act as the main contact for external consultants, auditors and independent assessors.
• Agree scope, coordinate information requests, manage timelines, challenge draft findings and track agreed actions.
• Ensure external FCC communications are coordinated, consistent, approved by the MLRO and properly recorded.
  

Training and awareness

• Design and deliver regular CFCC training on regulatory developments, FCC policies and procedures.
• Monitor training completion and effectiveness.
• Reinforce obligations to escalate suspected money laundering, terrorism financing, proliferation financing and other financial crime concerns promptly to the MLRO.
• Promote awareness of tipping-off restrictions and the need to protect confidential investigation and reporting information.

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