Senior Officer - Crypto Controls And Assurance

Job Description

About Us:

DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.

Company Profile:

DMCC is a center of global trade. Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, home to over 25,000 member companies and the leading trade and enterprise hub for commodities. Whether developing vibrant neighborhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai or delivering high-performance business services, DMCC provides everything its dynamic community needs to live, work, and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future.

Role Summary:

Reviewing and monitoring of all crypto related licenses to DMCC Companies. Responsibility for assisting in monitoring compliance with DMCCA’s rules, regulations, policies and programs and understanding the UAE and Dubai regulatory guidelines for VASPs.

Responsibilities:

• Designing and developing a policy framework that incorporates local and international law and best practices (as applicable) for crypto related licenses issued by DMCC with the assistance of Head of Compliance Operations.
• Effective implementation of policy framework into business procedures and processes to support strategic and business objectives with the assistance of Head of Compliance Operations.
• Reviewing all new questionnaires for crypto related licenses issued by DMCC. Providing feedback on such questionnaires including deficiencies to the BSE team and also the DMCC Crypto centre where applicable with the assistance of Head of Compliance Operations.
• Ensuring a consistent approach to the review and approval of license questionnaires.
• Attending internal meetings to ensure knowledge and understanding of the license requirements.
• Reviewing the parameters of existing licenses issued by DMCC in the crypto sector.
• Analysing VASP regulation to determine the possibility of creating further licenses within the crypto sector.
• Reviewing existing DMCC Member Companies with crypto related licenses in respect to Activity being undertaken, i.e. Remote Inspections, review of websites etc.
• Highlighting and deficiencies or potential noncompliance with license activities.
• Liaising with the Compliance inspection team to rectify any outstanding issues.
• Handling member company enquiries in respect to crypto related issues.
• Meetings with the VASP Regulators to provide information and to determine the parameters of regulation in order to provide information to DMCC Member Companies.
• Assisting in handling any issues with the Regulators.
  
  

• Bachelor, or master’s degree from a reputed university an advantage.
• Compliance and risk certifications preferred
• Minimum 5 years post-qualification experience in crypto related activities preferably in a compliance, risk management or control position
• Crypto knowledge. Familiarity with UAE crypto laws, customs and practices (knowledge of multiple jurisdictions beneficial)
• AML / CFT and applicable international sanction regimes
• Knowledge of international developments in crypto assets.
  
  

• Working at the world’s best Free Zone with highly motivated colleagues
• A very diverse workforce from all around the globe
• Well-being initiatives all over the year
• Market competitive basic salary
• Housing allowance
• Transportation allowance
• National Allowance
• Annual flight allowance
• Other alternative family benefits
• Pension Scheme
• Discretionary bonus schemes
• Generous annual leave
• Medical and life insurance cover
• Free covered parking
• Retail discounts with over 450 outlets across JLT.