Legal Compliance Manager - Forex
Allstream Global
Job Category
GeneralJob Type
Full TimeLocation
United Arab EmiratesCity
Abu DhabiDescription
The Head of Legal & Regulatory Compliance - Forex will oversee the legal and compliance aspects of the organization’s Forex operations. This role ensures that the Forex division adheres to local and international financial regulations, with a specific focus on maintaining legal compliance within the forex trading space. The successful candidate will work closely with senior management to navigate legal risks, regulatory compliance issues, and ensure the business is fully aligned with regulatory standards such as those from the Central Bank of UAE, Securities and Commodities Authority (SCA), and other financial bodies.
Job Details
Job Title: Legal Compliance Manager - Forex đź’±
Industry: Currency Exchange
Location: Abu Dhabi, UAE
Reports To: CEO / Board of Directors
Role Overview:
The Head of Legal & Regulatory Compliance - Forex will oversee the legal and compliance aspects of the organization’s Forex operations. This role ensures that the Forex division adheres to local and international financial regulations, with a specific focus on maintaining legal compliance within the forex trading space. The successful candidate will work closely with senior management to navigate legal risks, regulatory compliance issues, and ensure the business is fully aligned with regulatory standards such as those from the Central Bank of UAE, Securities and Commodities Authority (SCA), and other financial bodies.
Key Responsibilities: Legal and Regulatory Compliance Management
- Develop, implement, and monitor compliance policies and frameworks to ensure the Forex division complies with all relevant financial laws, regulations, and internal policies.
- Maintain up-to-date knowledge of regulations affecting Forex trading, including AML (Anti-Money Laundering), KYC (Know Your Customer), CTF (Counter-Terrorist Financing), and other global standards.
- Advise senior management and departments on legal and regulatory changes that may impact Forex operations.
- Ensure compliance with Central Bank of UAE and SCA regulations, as well as international financial regulatory requirements related to Forex trading.
Risk & Legal Governance
- Lead and manage the development and maintenance of risk registers related to Forex activities and ensure the timely identification and mitigation of legal and regulatory risks.
- Provide expert legal advice on Forex-related matters, including but not limited to market conduct, anti-fraud measures, regulatory reporting, and operational risks.
- Oversee compliance frameworks that safeguard the organization from legal and regulatory liabilities in Forex transactions.
- Coordinate efforts to ensure anti-money laundering and fraud prevention procedures are in place and effectively implemented.
Compliance Reporting & Audits
- Manage the preparation of regulatory filings and reports to regulatory bodies, ensuring they are submitted on time and meet all legal standards.
- Coordinate internal and external audits to assess compliance with legal and regulatory requirements, and implement improvements where needed.
- Keep detailed records of all compliance activities, regulatory filings, legal actions, and audit trails.
Training & Awareness
- Develop and execute training programs on legal and regulatory compliance for all employees involved in Forex operations.
- Ensure that employees are well-versed in the latest legal developments in the Forex market and compliant with regulatory guidelines.
- Stay abreast of changes in Forex regulations and provide guidance to staff and management to ensure adherence to new laws.
Strategic Leadership & Stakeholder Engagement
- Provide strategic leadership in all legal and compliance-related aspects of Forex operations.
- Advise and support the executive team in navigating legal complexities associated with Forex trading, legal frameworks, and risk management.
- Foster relationships with external regulatory bodies, legal entities, and auditors to maintain transparency and proactive compliance.
- Represent the organization in discussions with regulators and governmental bodies to advocate for the company’s legal interests in the Forex sector.
Qualifications:
- Bachelor’s degree in Law, Business, Finance, or a related field (Master’s degree preferred).
- 10+ years of experience in legal and regulatory compliance roles within Forex, financial services, or banking sectors.
- In-depth knowledge of Forex regulations, including AML, KYC, CTF, and relevant UAE and international financial laws.
- Proven experience advising senior management on regulatory compliance, risk management, and legal matters in Forex trading.
- Strong understanding of Central Bank of UAE and SCA regulations and compliance requirements for Forex.
- Certified Regulatory Compliance Manager (CRCM) or legal certifications in financial law would be a plus.
Skills & Competencies:
- Deep understanding of the Forex market and its legal landscape.
- Strong leadership and management skills, with the ability to lead a team of compliance and legal professionals.
- Excellent analytical, problem-solving, and decision-making skills to navigate complex legal issues and regulatory risks.
- Proficient in legal writing, contract review, and regulatory reporting for Forex transactions.
- Outstanding communication skills to effectively liaise with senior management, regulators, and legal entities.
- Detail-oriented with the ability to manage complex legal frameworks and ensure compliance with evolving regulations.
Why Join Us?
- Lead the regulatory and legal compliance for a prominent Forex division in a fast-paced market.
- Competitive salary and benefits package.
- Work with a dynamic and innovative team of professionals in the financial services industry.
- Make an impactful contribution to the company’s growth and operational integrity while adhering to global and local regulatory standards.
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Posted on
17-03-2025 -
Languages Known
English -
Experience
10 - 15 Years -
Qualification
Bachelor’S Degree In Law, Business, Finance, Or A Related Field (Master’S Degree Preferred). -
Vacancies
1