Risk, Compliance and Internal Audit Manager - Dubai based - 35-45,000 AED per month - Trading Company

RIG Recruitment is working with a client who is exchanged focusing on FX and CFDs. The clients management is based in Dubai and is looking for a strong Risk, Compliance and Internal Audit Manager to join them.It is a builder's role. The right candidate has done the compliance and risk work inside a regulatedFX or CFD broker, knows what good looks like, and wants the opportunity to put it in place ratherthan maintain someone else's version of it.Key responsibilitiesCompliance framework and monitoring

• Design and implement a compliance monitoring programme covering conduct of business,client onboarding and residency, marketing and financial promotion, client money, bestexecution, complaints handling and record keeping.
• Write and maintain the policy and procedure set required of a licensed Investment Dealer,and keep it aligned with FSC Mauritius rules and guidelines.
• Own the jurisdictional perimeter: the restricted-country framework, residency andgeolocation controls, and the evidence that they work.
• Establish the pre-approval process for all marketing and partner material, and themonitoring of partner channels.Partner and distribution oversight
• Build the due-diligence, agreement and monitoring framework for introducing brokers andMaster IBs, including conduct rules, suspension and termination procedures.Tag Markets. Page 1Risk, Compliance and Internal Audit Manager | Confidential
• Produce the monthly distribution-conduct report for the CEO and Board: approvals,breaches, suspensions, complaint rates by partner, jurisdiction analysis.AML and financial crime
• Work with the Money Laundering Reporting Officer to build and maintain the AML/CFTprogramme under FIAMLA and the FSC AML/CFT Handbook: business risk assessment,customer due diligence and enhanced due diligence, source-of-funds standards for higher-risk and crypto-funded clients, screening, transaction monitoring and suspicious-transaction reporting.
• Extend financial-crime controls to partners as counterparties.Risk management
• Design the enterprise risk framework: risk appetite, risk register, key risk indicators and theescalation thresholds above which a decision goes to the CEO or the Board.
• Establish first-line risk controls for market, credit, liquidity and operational risk appropriateto a principal-dealing CFD broker, working with the dealing desk and finance.Internal audit and control testing
• Develop the annual internal-audit and control-testing plan, execute testing across thebusiness, track findings to closure, and report results to the CEO and Board.
• Coordinate external audit, regulatory inspections and any independent reviews, and own theremediation tracker.Regulatory engagement and reporting
• Maintain the regulator-correspondence log; prepare regulatory returns, notifications andresponses; support engagement with the FSC and, where relevant, other regulators and themanagement company.
• Monitor regulatory change across the jurisdictions the firm touches and translate it intoaction.Governance, training and culture
• Prepare the compliance, risk and audit sections of the Board pack; maintain the conflictsand gifts registers; deliver role-based training to staff and partners.Required
• Five to eight years in compliance, risk or internal audit within a regulated FX or CFDbrokerage, or in a financial-services advisory practice serving that sector.
• Working knowledge of the regulation of retail FX and CFD brokers: client money andsegregation, best execution, leverage and product rules, financial promotion, introducing-broker oversight, complaints handling and record keeping.
• Hands-on AML/CFT experience, including customer due diligence, screening, transactionmonitoring and suspicious-transaction reporting. Experience with crypto-funded flows is anadvantage.
• Direct experience of at least one of: FSC Mauritius, CySEC, FSCA, FCA, ASIC, DFSA, FSRAor a comparable regulator, including preparing returns and handling regulatorycorrespondence.Salary budget: 35,000 - 45,000 AED per month + medical + visa + flights + bonusPlease send CV's to david@therigrecruitment.com