Compliance Monitoring Lead - KSA

Department: Compliance

Employment Type: Full Time

Location: KSA

Reporting To: Nasser Alrouji

Description

Tabby creates financial freedom in the way people shop, earn and save, by reshaping their relationship with money.
The company’s flagship offering allows shoppers to split their payments online and in-store with no interest or fees. Over 32,000 global brands and small businesses, including Amazon, Noon, IKEA and Shein use Tabby to accelerate growth and gain loyal customers by offering easy and flexible payments online and in stores.
Tabby has generated over $7 billion in transaction volume for its partner brands and has the highest rated, most reviewed, largest and fastest growing app of any fintech in the GCC region.
Tabby launched operations in 2020 and has raised +$1 billion in equity and debt funding from global and regional investors. 

Job Overview:

As a Compliance Monitoring Lead, you will be a key player in ensuring strict adherence to laws, regulations, and internal policies. Your role involves designing, implementing, and overseeing compliance monitoring programs, conducting audits, and managing self-assessments. The ideal candidate will have a strong understanding of fintech regulations, attention to detail, and the ability to collaborate with various departments.

Key Responsibilities

Develop and Implement Compliance Assessments Plans:

• Assist in designing assessment plans to evaluate the effectiveness of controls within internal departments.
• Conduct regular compliance assessments to ensure adherence to applicable laws and regulations.
• Collaborate with various departments to perform audits, identifying potential compliance gaps and recommending corrective actions.
• Perform compliance assessments on existing/new products and services.
  
  

Documentation and Reporting:

• Maintain accurate records of compliance assessment activities and results.
• Assist in preparing reports for management and regulatory bodies, highlighting compliance status and areas needing improvement.
  
  

Training & Awareness:

• Develop and deliver training programs for all staff to enhance awareness on compliance requirements.
  
  

Continuous Improvement:

• Identify opportunities for process improvement within Compliance Monitoring to enhance compliance effectiveness.
• Drive initiatives to streamline assessment processes while maintaining compliance standards.
  
  

Cross-Functional Collaboration:

• Collaborate with other departments, such as technology, risk management, and legal, to ensure a holistic approach to compliance.
• Participate in cross-functional teams to address organization-wide compliance challenges.
  
  

Responsibilities:

• Design and implement monitoring programs to assess compliance with financial regulations, industry standards, and internal policies.
• Create and maintain a schedule for regular compliance monitoring activities.
• Perform regular audits and assessments to evaluate the effectiveness of existing compliance controls and processes.
• Identify areas of non-compliance and work with relevant stakeholders to develop corrective action plans.
• Maintain accurate records of compliance monitoring activities, audit findings, and corrective actions taken.
• Prepare comprehensive reports for management and regulatory bodies, highlighting areas of compliance and areas needing improvement.
• Develop and execute testing procedures to evaluate the effectiveness of compliance controls and identify potential weaknesses.
• Keep abreast of changes in fintech regulations, industry standards, and compliance requirements.
• Provide guidance to the organization on adapting to new compliance standards and technologies.
• Develop and deliver training programs to ensure employees are aware of and understand compliance requirements.
• Foster a culture of compliance awareness within the organization, emphasizing the unique challenges and opportunities in the fintech sector.
• Work closely with other departments to ensure a coordinated approach to compliance.
• Ensure the organization's policies and practices comply with applicable laws and regulations.
• Assess company operations to determine compliance risk.
• Collaborate with other departments to address compliance concerns.
• Design, update, and maintain policies and procedures and communicate with all departments.

Skills, Knowledge and Expertise

Skills/Qualifications:

• Bachelor's degree or relevant experience
• Experience in audit or compliance. 
• Strong knowledge of fintech regulations and compliance standards
• Experience in designing and implementing compliance testing strategies.
• Ability to lead and manage self-assessment initiatives.
• Excellent communication and interpersonal skills
• Strong analytical skills and attention to detail
• Excellent communication and interpersonal skills

Benefits

• Opportunity to play a pivotal role in shaping the future of consumer finance in the Middle East.
• Dynamic and entrepreneurial work environment, where innovation and collaboration are valued.
• Competitive compensation package, including salary, equity, and benefits, commensurate with experience.
• Exposure to a diverse and talented team of professionals, dedicated to driving impact and delivering results.
• Career development and growth opportunities, with the chance to make a meaningful difference and leave a lasting legacy.