Head of Compliance MENA Region

INGOT Brokers

At INGOT, we believe in building high-performing teams where everyone is in the right seat - not just filling a role, but thriving in it. Our approach emphasizes in getting the right people in the right positions to drive business growth and success. Here's what that means for YOU: You'll excel at what you do because you're in a role that aligns with your skills and passions You'll be aligned with our core values - High Ethics, Commitment and Innovation - we're looking for team members who get it, want it, and have the capacity to do it We want you to thrive in an environment where your contributions matter, and you can make an impact on our mission. If you're a high-energy, results-driven professional who's ready to take on a role that matches your expertise and values, we'd love to connect! Check out the details below and see if this is the right fit for you.

Purpose of Role/Summary: The Head of Compliance MENA Region will be responsible for overseeing and managing the regulatory compliance program within the Group for the MENA Region. This includes ensuring that all operations, transactions, and business practices adhere to internal policies and external regulatory requirements. The role involves developing and implementing compliance policies, training staff, conducting audits, and working closely with regulatory bodies.

Main Activities and Responsibilities:

• Using LMA (Leadership, Management & Accountability), avail the maximum productive output from Compliance team while guiding and fostering the environment towards growth.
• Step-in and lead the way if the team is not able to solve any problem.
• Showcase the solution in such cases for future reference of same issues
• Monitor and review team performance and ensure employee's growth and retention by sharing knowledge with them
• Prepare guidelines for the team members to do all the regular tasks on daily basis
• Develop and maintain a robust compliance framework to ensure adherence to all relevant laws, regulations, and industry standards.
• Monitor changes in regulatory requirements and update policies and procedures accordingly
• Serve as the primary point of contact for regulatory bodies and manage regulatory inspections and audits
• Create, implement, and enforce policies and procedures to ensure compliance with regulatory requirements
• Regularly review and update compliance policies to reflect changes in the regulatory environment
• Develop and oversee the implementation of compliance training programs for employees
• Identify, assess, and mitigate compliance risks within the organization and collaborate risk and compliance
• Conduct regular compliance risk assessments and develop action plans to address identified risks.
• Monitor and report on compliance risk exposure to senior management and the board of directors
• Develop and maintain a compliance monitoring program, including transaction monitoring and surveillance
• Report findings and recommendations from audits and reviews to senior management
• Develop and deliver training programs to educate employees on compliance policies, procedures, and regulatory requirements
• Promote a culture of compliance within the organization through effective communication and training initiatives
• Provide guidance and support to employees on compliance-related matters
• Prepare and submit compliance reports to regulatory bodies as required within the timeline.
• Maintain accurate and up-to-date compliance records and documentation
• Report compliance issues and breaches to senior management and the board of directors
• Work closely with other departments, including legal, finance, and operations, to ensure compliance across all business activities
• Provide expert advice and guidance on compliance-related matters to senior management and the board of directors
• Participate in industry forums and stay abreast of industry trends and best practices.