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naukri

Compliance Senior Manager - Digital Assets

Wise
, UAE
Full Time
Manager
Onsite
3 weeks ago
Compliance ManagementVirtual Assets Regulatory Authority (VARA)Financial Crime ComplianceBlockchain AnalyticsTravel RuleAML/CFT
Free

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Compliance ManagementVirtual Assets Regulatory Authority (VARA)Financial Crime Compliance
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Role Overview

  • Wise is looking for an experienced and forward thinking Compliance Senior Manager to join our team in Dubai.
  • This role will be responsible for building, leading, and managing the compliance framework for our new stablecoin and virtual asset services, licensed by Dubai's Virtual Assets Regulatory Authority (VARA).
  • This is a unique opportunity to shape our compliance strategy from the ground up under a new regulatory paradigm.

Key Responsibilities

  • Act as the designated Virtual Asset Compliance Officer (VACO) as required by Virtual Assets Regulatory Authority (VARA), holding ultimate responsibility for the integrity and effectiveness of the compliance framework.
  • Own the relationship with VARA, serving as the point of contact for all licensing, reporting, examinations, and strategic engagement.
  • Build and maintain a robust, scalable compliance program tailored to the VARA framework.
  • Oversee the maintenance of our VARA license, monitor, interpret, and advise the business on all regulatory developments from VARA and other relevant UAE authorities.
  • Localise and implement Wise's global compliance policies to ensure they are fit for purpose and compliant with VARA rules.
  • Develop and deliver targeted training to the Board and senior management on the VARA framework and the specific risks associated with virtual assets.
  • Report directly to the Board and senior leadership on the health of the compliance program, providing clear insights into emerging risks and the effectiveness of controls.
  • Act as the key strategic advisor to the business, providing clear and practical compliance guidance on new product development and market expansion.
  • Design and manage the financial crime risk management framework, addressing risks specific to virtual assets such as blockchain analytics, the 'Travel Rule', and counter party VASP due diligence.
  • Own the Suspicious Activity Reporting (SAR/STR) process, managing interactions with the UAE's Financial Intelligence Unit (FIU).
  • Establish risk based procedures for customer due diligence (CDD) and enhanced due diligence (EDD), and act as the point of escalation for high risk customer approvals.
  • Regularly assess the money laundering, terrorist financing, and sanctions risks associated with our virtual asset products and services.

This role will give you the opportunity to

  • Build a compliance function from the ground up in the pioneering regulatory landscape of virtual assets in Dubai.
  • Leverage your subject matter expertise to shape and influence the application of the VARA framework, setting a new standard for compliance in the virtual assets sector.
  • Collaborate with brilliant teams across Wise, embedding compliance in our product innovation and growth strategy.

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