Compliance and Risk Senior Manager

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

Senior Manager - Compliance & Risk will support the Head of Compliance & Risk in maintaining and strengthening Whizmo's Compliance and Enterprise Risk Management framework. The role will provide senior-level oversight across regulatory compliance, financial crime, enterprise risk, operational risk and related control frameworks, ensuring that Whizmo operates in accordance with applicable Central Bank of the UAE (CBUAE) regulations, UAE laws, regulatory expectations and internal governance requirements.

Location: Silicon Oasis HQ, Dubai / UAE

Reporting to : CEO

Job Type : Permanent / Office based

Key Responsibilities:

Compliance & Regulatory

• Support the development and maintenance of Whizmo's Compliance Framework, policies, procedures and compliance monitoring programme.
• Monitor CBUAE regulations, regulatory notices and UAE legal requirements, assess their impact and coordinate implementation of regulatory changes.
• Provide Compliance & Risk advice and challenge to business functions on new products, services, partnerships, systems and material business changes.
• Identify, assess and escalate regulatory breaches, compliance gaps and control weaknesses, ensuring timely remediation.
• Support regulatory reporting, CBUAE requests, inspections, supervisory reviews and remediation activities.
• Maintain compliance registers, regulatory obligations and action trackers.

Risk Management

• Support the implementation and continuous improvement of Whizmo's Enterprise Risk Management Framework.
• Lead periodic business and operational risk assessments, ensuring risks are properly identified, assessed, mitigated and monitored.
• Develop and monitor KRIs, risk indicators, risk registers and risk appetite-related metrics.
• Assess control effectiveness and challenge business functions where controls are inadequate or ineffective.
• Monitor operational, technology, cybersecurity, data protection, business continuity, outsourcing and third-party risks.
• Identify emerging risks and recommend appropriate mitigation and escalation.
• Ensure material risk issues and remediation actions are tracked through to closure.

AML/CFT & Financial Crime

• Provide senior oversight of AML/CFT/CPF, sanctions and financial crime risk, working closely with the MLRO.
• Oversee the effectiveness of KYC, CDD, EDD, sanctions screening, adverse media and transaction monitoring controls.
• Review and challenge TMS rules, customer risk-rating methodology and financial crime controls.
• Monitor significant financial crime cases and ensure appropriate escalation and remediation.
• Support the MLRO with regulatory reporting, including STR/SAR and GoAML matters where required.

Governance & Reporting

• Prepare regular Compliance & Risk reports, dashboards and risk assessments for Senior Management and relevant governance committees.
• Highlight material risks, breaches, trends, control weaknesses and required management actions.
• Support Board and committee reporting prepared by the Head of Compliance & Risk.
• Coordinate findings from internal/external audits and regulatory reviews and monitor remediation.

Leadership & Culture

• Lead assigned Compliance & Risk projects and cross-functional initiatives.
• Provide guidance, coaching and subject matter expertise to Compliance and Risk team members.
• Promote a strong risk, compliance and control culture across the organization.
• Provide training and awareness to employees on key compliance and risk requirements.

Requirements;

7–10 years of relevant experience in Compliance, Risk, AML/CFT, Financial Crime or Regulatory Compliance within banking, fintech, payments, digital wallets or financial services.

Experience covering both Compliance and Risk Management in a regulated environment.

Knowledge of CBUAE regulations, AML/CFT, KYC, sanctions, transaction monitoring and regulatory reporting.

Certificate – ACAMS is required

Experience in enterprise/operational risk assessments, KRIs, controls and remediation.

Experience supporting regulatory inspections, audits and supervisory engagements.

Experience leading projects and mentoring Compliance/Risk professionals.

Fintech, payment institution or digital banking experience.

Core Competencies;

Regulatory Compliance & CBUAE Knowledge

Enterprise & Operational Risk Management

AML/CFT/CPF & Financial Crime Risk

Risk Assessments, KRIs & Control Effectiveness

Compliance Monitoring & Regulatory Change

Governance & Management Reporting

Technology, Outsourcing & Third-Party Risk

Independent Challenge & Decision-Making

Stakeholder & Team Leadership

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!