Associate Director, CFCC

Job
Description

# Associate Director Conduct, Financial Crime and Compliance - myZoi
Venture Role

myZoi is an exciting fintech start-up aiming to promote
financial inclusion globally. Our vision is to provide a level playing field to
the unbanked and the underbanked in accessing essential financial services in
an affordable, convenient, and transparent fashion.

The role of Associate Director of CFCC is based in the UAE
and requires supporting the Chief Compliance Officer in the implementation and
maintenance of myZoi regulatory compliance and governance framwork including:

- Supporting the development and
maintenance of compliance processes, tools, systems, and frameworks to
effectively manage CFCC risks.
- Assisting senior management in
promoting compliance with applicable regulatory requirements and SC Group
standards.
- Supporting regulatory engagement
activities, including coordinating communications and information requests from
regulators.
- Assisting with licensing requirements,
regulatory examinations, inspections, reporting obligations, and regulatory
submissions.
- S upporting the
assessment and implementation of regulatory changes to ensure timely compliance
with new requirements.
- Contributing to the delivery of the
CFCC strategy, priorities, and initiatives in alignment with myZoi's business
objectives.
- Assisting in the review and
enhancement of compliance policies, procedures, and governance documentation.
- Preparing compliance reports,
management information, and regulatory updates for internal and external
stakeholders.
- Coordinating with business and support
functions to monitor compliance obligations and track remediation activities.

Responsibilities

Business

- Support the business by providing
guidance on applicable laws, regulations, policies, and compliance
requirements.
- Assist in the implementation and
maintenance of a risk-based CFCC framework, including monitoring and assurance
activities.
- Support the identification,
assessment, and escalation of compliance risks and issues in line with
established risk tolerances.
- Work with business and functional
teams to promote compliance with CFCC requirements and support fair customer
outcomes.
- Assist with Conduct investigations into
suspicious activity and support regulatory reporting processes where required.
- Support the assessment of reputational
and regulatory risks and the preparation of recommendations for management
consideration.
- Challenge business
stakeholders where activities exceed risk tolerance, escalating as needed.
Support and challenge myZoi's businesses and functions to maintain appropriate
conduct, comply with CFCC requirements, and achieve fair outcomes for clients.

Processes

- As an independent
second-line risk control function, execute the relevant aspects of the
Compliance (including Financial Crime and Enterprise) risk framework through
robust independent risk control and the provision of specialist advice and
constructive challenge in a manner proportionate to the nature, scale and
complexity of the Group's business.
- Implement and conduct
regular CFCC training programs on an ongoing basis to educate staff on the
relevant regulatory developments, CFCC policies, and standards.
- Assist in setting control
standards and advise on developing appropriate controls to mitigate regulatory
risks.

Risk Management

- Escalate to Chief
Compliance Officer compliance and conduct breaches and ensure effective
management of issues identified — including comprehensive and timely actions
for complete remediation.
- Analyse and advise on the
holistic impact of complex Regulatory Compliance matters on myZoi's business
and operations.
- Oversee identification,
assessment, management, monitoring, mitigation, and reporting of compliance
(including regulatory, conduct, and financial crime) risks.
- Contribute to formulating
CFCC policies and standards for approval by the relevant governing body (as
necessary) under myZoi l s governance framework.
- Contribute to developing
controls for risk categories where Compliance has been defined as Risk Owner
(as set out in the relevant Risk Management Frameworks).
- Collaborate with other CFCC
teams within the Group and SCV to anticipate horizon risks and support the
development of effective strategies to mitigate them, including global
standards for business conduct.

Governance

- Draft, implement, and
maintain CFCC policies, standards, department operating instructions, and
process notes.
- Promote and embed a culture
of openness, trust, risk awareness, and organizational compliance, assisting
with implementing and tracking regulatory and financial crime policies and
standards.
- Manage the remediation
process for any CFCC risk issues and breaches.
- Support the Chief
Compliance Officer and myZoi with horizon scanning, staying updated on
regulatory changes and breaches relevant to myZoi's business model.
- Design, implement, and
manage an effective regulatory change management approach for myZoi in a
rapidly evolving regulatory landscape.

Skills

- 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.
- Possess a strong
understanding of the financial services sector, demonstrating sound judgment on
business practices within a digital environment, regulatory frameworks,
corporate governance best practices, and CFCC risk management.
- Thrive in a creative,
fast-paced, agile environment, ensuring fair outcomes for clients and financial
crime compliance.
- Ability to produce nuanced
and robust advice by seeing things from multiple perspectives and fully
unpacking problem statements.
- Excellent business acumen
encompassing industry trends and regulatory considerations.
- Bring over hands-on
experience in financial crime, compliance, and regulatory risk management.

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