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Head of UAE Compliance (CO/MLRO)

Taptap Send


Posted over 30 days ago...


Join Taptap Send as they are looking for a Head of UAE Compliance (CO/MLRO)


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No salary declared 😔

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Expires at anytime

Our Mission

Reduce inequity by helping immigrants move money home by becoming the leading cross-border fintech for immigrants.

The Team

-> Founded by Harvard grads / 3rd-time founders --- also founded Segovia (successful exit) and GiveDirectly (>300M revenue, fastest-growing NGO).

-> Top performers from top and varied organizations (e.g., Bain, Bolt, Google, McKinsey, SafeBoda, Uber, Zipline) --- we like moving fast, and we hire people that do as well.

-> Driven by mission, guided by values (see below) – in deed, not just word.

-> Team as global as the mission, >30 languages from 25 countries (i.e., if you’re interested in learning to make Chicken Moambe, we’re the place).

About Us

Taptap Send is backed by top VCs (Spark, Canaan, Reid Hoffman, Breyer Capital, etc.), rapidly growing and a great place for those looking for both impact and a fast-paced tech startup environment.  Read more about the journey in Reid Hoffman’s words or TechCrunch article

Launched in 2019, Taptap is tapping into a transformative shift in global finance: from banks to phones. While this has affected wealthier countries as well, it has been nothing short of a revolution for the emerging markets where the overwhelming majority of population had been unable to access digital finance previously.  Its first product, Taptap Send, allows immigrants to send money home instantly and with no fee, saving money in the process. With a formal market size of >700B alone, we’ve got a lot more saving to do for our users. And that’s just the beginning….

Our Investors

Spark Capital, Canaan, Reid Hoffman, Breyer Capital (Jim Breyer), Unbound (Shravin Mittal), Wamda (Fadi Ghandour), Firstminute Capital, Slow Ventures (Sam Lessin), Helios Partners (Souleymane Ba), Crossbeam Ventures (Ali Hamed), Nikesh Arora, Samih Toukan, and many other context-specific angels

The Role

We’re seeking a seasoned compliance officer with 5+ years of experience for our UAE business, which will be a DFSA-regulated money services provider from which we service our UAE customers. The role is full-time and based in Dubai. The Head of UAE Compliance (CO/MLRO), will be responsible for overseeing the compliance and reporting program for Taptap Send’s UAE business in line with the requirements of the DFSA and our partners.

Your responsibilities will include:

Maintaining our regulatory licence in the UAE once granted Building trust and liaising with the DFSA and other stakeholders Managing and coordinating regulatory reporting for our UAE business, responding to information requests and proactively communicating product changes and other important events to relevant external parties  Leading the preparation of internal compliance reports to management and the board Owning our regulatory compliance documentation, policies and procedures as they relate to our UAE business Developing systems to track and monitor our compliance with both our internal policies and regulatory requirements Training our customer service, product and management teams on regulatory requirements and how processes and actions of employees contribute to fulfilling those requirements  Continuously improving systems and processes to monitor our regulatory risk, compliance with regulatory requirements and internal policies Scrutinising and testing our compliance programs and overseeing resolution of any issues Representing UAE compliance at board meetings and risk committees Working closely with 3rd line auditors to improve our compliance program and controls Ensuring timely reporting of all suspicious activity to the regulator Overseeing the due diligence of new partners, new customers and new products

You have:

An in-depth understanding of UAE AML/CFT legislation and regulations 5+ years of experience in a regulated financial institution in a compliance or compliance-related role, with strong preference for someone with a background in international remittances or FX Experience using technology to solve compliance issues (transaction monitoring, sanction screening, etc) Attention to detail while still seeing the bigger picture The ability to help create and foster an effective compliance culture The willingness to solve problems and build systems, sometimes from scratch Good communication skills and the ability to express opinions and concerns clearly ACAMS, ICA or a similar qualification Willingness to relocate, live and work in the UAE

Benefits (UAE)

Holidays: 25 personal holidays, local public holidays + 1 TTS holiday TTS Equipment & WFH set-up in line with policy  Health Insurance for employee, partner and up to 2 children Two flights per year back to your country of nationality or origin Free subscription to Headspace mindfulness app  Learning and Development budget for your professional development needs

Taptap Values 

Impact first.

Team next.

Accept reality.

Propose solutions.

Win with grit.

Be proactively candid, with yourself and others.

Love the particular.

Own it.

Create positive energy.

Maybe, even have fun.

Equal Opportunity Employer

Taptap Send is an equal opportunity employer dedicated to building an inclusive and diverse workforce. All employment decisions are decided on the basis of qualifications, experience and business need. We strongly encourage applications who are members of underrepresented communities to apply.

If you require reasonable adjustments to be made during the recruitment process, please do not hesitate to let us know. Any information you provide us in this respect will only be used to accommodate your requirements.

Note: we recognize imposter syndrome is real - any candidate that does not perfectly fit every characteristic of this role is still strongly encouraged to apply.  


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