Compliance Manager & MLRO

Who we are:

Stake is the MENA region’s most exciting real estate fintech company, combining real estate expertise and innovative financial technology to deliver products that empower everyone to own and build wealth through Real Estate. Launched in 2021 we have grown rapidly, leveraging decades of experience in technology, financial services and global real estate, to launch the MENA region’s first mobile app for fractional real estate investing.

Safeguarding Standards: Our Compliance team ensures every transaction is transparent, legal, and aligned with Regulatory Guidelines, giving customers peace of mind in every Investment decision

• Act as Compliance Officer and Anti-Money Laundering Reporting Officer (COMLRO) for the Company
  
• Serve as the point of contact and liaise with the CMA on all Compliance and AML matters
  
• Establish, maintain and update Compliance and AML policies and procedures, systems and controls and day-to-day oversight of the Company’s compliance with AML rules and legislation in the KSA and elsewhere as applicable
  
• Oversee the day-to-day implementation and operation of the compliance framework and Compliance Monitoring Program (CMP)
  
• Collaborate with management and other departments (e.g., Marketing, Finance, Operations, etc.) to direct compliance issues to the appropriate channels for investigation and resolution
  
• Establish, supervise and maintain monitoring and reporting processes and procedures, checks and controls to ensure that any compliance breaches are readily identified, reported and promptly acted upon
  
• Ensure that the monitoring and reporting processes and procedures are documented and that records of breaches of any of legislation applicable to the Company are maintained
  
• Develop and maintain the risk based compliance program
  
• Continuously assess the appropriateness of internal policies, procedures and guidelines by performing regular compliance risk assessment, monitoring and testing and report the results to executive management and, if necessary, the Board of Directors
  
• Perform (with support from the relevant booking center) initial and ongoing customer due diligence and checks with CMA portal “Makken”
  
• Provide guidance to the business on permissible activities, new products, programs and regulatory implications of future business strategies
  
• Address any compliance audit remediation activities
  
• Assist with client enquiries and requests for information.
  
• Support the Know Your Customer review process
  
• Support complaint handling procedures
  
• Generate reports on a quarterly basis to keep the Board and senior management informed of the operation and progress of compliance efforts
  
• Act as a point of contact to receive Internal Suspicious Activity Reports (“Internal SAR”) from management
  
• Take appropriate action following the receipt of an Internal SAR
  
• Where deemed appropriate, make External Suspicious Activity Reports in accordance with Federal AML legislation
  
• Identify, analyze and report suspicious transactions
  
• File regulatory reports with the CMA
  
• Respond promptly to any request for information made by competent governmental authorities or regulators
  
• Receive and act upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions
  
• Identify, log and resolve compliance issues, client complaints and policy and regulatory breaches
  
• Assist with ad hoc projects, monitoring tasks and regulatory change
  
• Establish and maintain an appropriate compliance and AML training program and adequate awareness arrangements
  
• Ensure that the Company’s employees received compliance and AML related training as appropriate
  
• Provide support and guidance to staff on regulatory, policy and procedural issues and application
  
• Receive and act upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions
  
• Manage and oversee all matters related to FATCA, CRS, etc. as applicable, including establishing, maintaining and updating relevant systems and controls, policies and procedures to manage related reporting and other requirements

• CMA Authorized Individual with experience acting as Compliance Officer and MLRO
  
• 4+ years experience in a similar role
  
• Minimum of a Bachelor’s degree in Law, Finance, Business or a related field
  
• Experience in a risk and compliance role within a Fintech company is a plus
  
• Outstanding analytical skills
  
• In-depth knowledge of regulatory requirements, industry standards, and best practices related to risk and compliance.
  
• A candidate who is detail-oriented, self reliant, takes initiative, and is comfortable with shifting requirements and expectations
  
• Someone who shows flexibility and a strong ability to deliver high quality work under pressure
  
• We are a fintech company, so technology is at the heart of everything we do. The candidate must demonstrate the ability, through experience, of being able to gain command of new tools and technologies very quickly and build scalable systems and workflows that leverage technology

• Work directly with senior leadership in one of the region’s fastest growing start-ups; you will get exposure to all functions at Stake and have the chance to learn from the very best in the space!
• Generous equity compensation; this aims to bring a high degree of ownership into your work. As Stake grows, you grow with it!
• Budget for learning and development; we want all our employees to constantly strive for personal and professional growth
• Best in class end of service savings scheme; through DIFC-sponsored DEWS programme
• Hybrid work environment
• Off-sites and regular team events
• Equity (ESOP) is offered to all new joiners at this early stage!

Stake has a high performance culture where the bar is always rising. We bring on brilliant, ambitious and curious people who see the value in Stake and want to grow with us.