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naukri

Compliance Senior Manager - Digital Assets

Wise
Dubai, UAE
fulltime
Senior
2 months ago
LeadershipStrategic PlanningBudgetingTeam ManagementPerformance ManagementProject Management
Free

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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.

2. Governance & Advisory

  • 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.

3. Financial Crime Compliance

  • 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.
  • Implement systems and key risk indicators (KRIs) to track and monitor our regulatory and financial crime risks effectively.

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