Overview
Risk and Compliance Lead Jobs in Dubai, United Arab Emirates at Whizmo
Title: Risk and Compliance Lead
Company: Whizmo
Location: Dubai, United Arab Emirates
Whizmo is your all-in-one mobile money solution symbolizing the essence of financial democracy in the United Arab Emirates. It is a service offering from Whizpay Technology LLC, licensed by The Central Bank of the UAE. What truly makes us an ‘all-in-one’ solution is that we combine every aspect of your daily finances into a single, easy-to-use app with a suite of comprehensive services, ensuring seamless transactions.
For more ; Whizmo: Overview | LinkedIn
Location: Silicon Oasis HQ, Dubai / UAE
Reporting to : Head – Compliance and Assurance
Job Type : Permanent / Office based
6 days working per week / Shift based (2 times)
Key Responsibilities:
Risk Management
- Design and implement the enterprise risk management framework across wallet (SVF) and payment services.
- Define risk appetite, and monitor the KRIs.
- Conduct risk assessments across products, processes, and systems, including cards, transfers, and merchant acquiring.
- Oversee incident management, root cause analysis, and remediation tracking.
- Drive operational resilience through Business Continuity Planning (BCP) and disaster recovery testing.
- Monitor third-party and vendor risks, particularly payment processors and scheme integrations.
Compliance & Regulatory Oversight
- Ensure timely submission of regulatory reports, inspection responses, and regulatory inquiries.
- Monitor regulatory changes and conduct gap assessments to maintain ongoing compliance.
- Lead the compliance assurance program, including reviews, control testing, and thematic assessments.
- Evaluate the effectiveness of financial crime systems (KYC, transaction monitoring, sanctions screening, fraud detection).
Financial Crime & Investigations
- Lead STR/SAR investigations, submissions, and post-reporting monitoring.
- Manage regulatory and law enforcement requests, including via goAML.
- Oversee sanctions (TFS) processes and enhanced due diligence (EDD) activities.
Governance
- Prepare risk and compliance reporting for senior management and board committees (including BRCC).
- Support audit and regulatory inspection readiness.
- Develop and maintain policies, procedures, and control frameworks.
Lead and mentor team members, fostering a strong risk and compliance culture across the organization.
Requirements:
- Strong analytical and risk assessment skills
- Knowledge of operational and financial risks in fintech/digital payments
- Basic understanding of UAE regulatory environment (e.g., Central Bank regulations)
- Familiarity with enterprise risk frameworks (e.g., COSO, ISO 31000) is a plus
Qualifications & Experience:
- Bachelor's degree in Finance, Risk Management, Business, or a related field
- 3-5 years of experience in a risk, audit, or compliance role (preferably in financial services or fintech)
- Certification (or progress toward) in risk (e.g., CRMA, FRM, ISO 31000) is an advantage
- Certified Anti-Money Laundering Specialist (CAMS) or similar certification such as is preferred.
Core Competencies;
Analytical & Risk Assessment Skills
Ability to analyze data, identify patterns, and assess potential risks that could impact operations or finances. Expertise in identifying, assessing, and mitigating compliance risks.
Knowledge of Operational and Financial Risks in Fintech/Digital Payments
Understanding the types of risks specific to financial technology and digital payment environments, including fraud, system failure, or compliance issues.
Understanding of UAE Regulatory Environment
Familiarity with local laws and regulations, especially those issued by the Central Bank of the UAE that govern financial operations and compliance laws, AML, KYC, CFT, and SVF, RPSCS regulatory requirements.
Strong Communication and Reporting Skills
Ability to clearly convey risk findings, write structured reports, and interact effectively with stakeholders across departments.
Detail-Oriented with a Proactive Mindset
Precision in work with a forward-thinking approach to identify issues before they arise. Ability to identify and investigate gaps and issues within the company process. Proficiency in reviewing and validating compliance deliverables and ensuring accuracy
Familiarity with Enterprise Risk Frameworks (e.g., COSO, ISO 31000)
Experience with sanction screening, compliance checks, and fraud detection.
Strong analytical skills to investigate alerts, monitor transactions, and prepare reports (e.g., SAR, STR).
Ready to Join the Whizmo Team?
At Whizmo, we’re passionate about innovation, collaboration, and making a meaningful impact. If you’re excited about this opportunity and eager to contribute to a dynamic and supportive environment, we’d love to hear from you. Let’s create something extraordinary together—apply today and take the first step toward an exciting career with Whizmo!
