Associate Director - Governance Risk and Compliance
Requisition ID: 11816
A powerful combination
It’s never been a more exciting time to join Vistra.
At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction.
But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that.
We have an exciting opportunity for you to join our team as Associate Director - Governance Risk and Compliance. This full-time and permanent position is based in Middle East, Dubai and offers regional coverage, allowing you to make a significant impact to our GRC department and its growth.
Key Responsibilities:
• Perform the compliance officer, money laundering reporting officer (“MLRO”) and risk manager functions for several DIFC and/or ADGM based regulated financial service providers
• Manage a team of Consultants
• Establish and maintain relationships with clients, regulators, authorities and business partners
• Ensure adequate time registration and communication
• Ensure correct and timely clients` invoicing
• Organize first line follow-up on outstanding invoices with the clients
• Report delivery issues and complaints to the management
• Encourage participation in GRC client projects, framework development, regulatory update and quality control projects
• Collaborate with the management in
• the development of new services
• efforts to increase efficiency and effectiveness
• creating a positive working environment
Reporting & Compliance
• Preparing management and board reports.
• Liaising with senior management across the organisation.
• Supporting the month end process where necessary.
• Ensuring all regulatory submissions are compliant with the relevant standard & filed within the required deadline.
• Works closely with Internal audit/compliance to improve and maintain strong control environment.
• Works closely with key stakeholders (e.g. Legal, Risk and compliance) to ensure that all processes remain compliant.
• Ensures the compliant use and ongoing monitoring of supplier relationships required to the deliver the Service
• Responsible for notifications to insurers and regulators as appropriate.
• To participate and be involved in both regional and group initiatives and projects.
Attributes/ Technical Skills:
• Excellent written and verbal communication.
• Strong management skills and instilling a high-performance culture.
• Client service oriented with a passion for consistently exceeding client expectation.
• Keen eye for detail and ability to see, implement and own changes to process to improve service delivery to clients and improve profitability from the services provided.
• Sound knowledge of software packages, i.e. Microsoft Office.
• Knowledge and understanding of concepts and regulatory requirements that are common in the financial services industry.
• Involvement in compliance, MLRO and/or risk management functions at senior management level.
• Excellent interpersonal skills to work collaboratively with clients and colleagues
• Team leadership skills.
• Consultancy skills: ability to communicate with relevant stakeholders (senior management, directors, shareholders, auditors, regulators and authorities) with an appropriate level of diplomacy and solution driven mindset
• Attention to detail and quality.
Team leadership qualities:
• translates mission, strategy and policies into team actions;
• communicates in such a way that organisation is energised and motivated;
• ensures that all supporting issues are in place to execute the strategy;
• propagates the Vistra policy and values (internal/external);
• introduction and supervision of risk awareness at all levels in the business unit.
Individual leadership and delegating:
• keeps team members responsible for performance and results, and emphasizes their own responsibility in monitoring progress;
• measures performance in a clear and consistent way;
• provides timely and clear feedback to improve performance and results;
• supports and mentors his/her team members;
• enables the team to realise objectives;
Presence during meetings:
• is confident to take initiatives where needed;
• is able to contribute to a tactical solution in conflict situations.
Educational Qualification:
• Master’s degree in law, financial management, business administration or similar
• Registration with the DFSA and FSRA or other financial services regulator as responsible individual for the compliance, MLRO and risk management functions.
• Minimum 10 years relevant experience
• Proven track record in delivering operational improvement resulting in improved client net promotor score, client retention and increased profit margin
• Experience working with and managing middle office services delivered via SSC
Company Benefits:
• 25 days holiday
• Healthcare 100% paid by Vistra as per start date of employment
• Pension, monthly 5.83% of basic salary (1 till 5 years of employment) 8.33% of basic salary (if employment is 5 years or more)
If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey!
Location: Dubai, AE
Job Segment: Compliance, Recruiting, Law, Manager, Legal, Human Resources, Management
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