MISSION STATEMENT
We are Rain,
The first Digital Asset platform in the Middle East.
The first licensed and regulated exchange in the Middle East by the Central Bank of Bahrain.
The first licensed and regulated brokerage in Abu Dhabi by the Financial Services Regulatory Authority.
The first offering instant banking transfers to and from customer wallets.
The first to implement banking grade Compliance, KYC, Risk Management and cyber-security standards.
The first to ring-fence 1to1 custody of client assets off-balance sheet making Rain the lowest counterparty risk in the industry.
We are Rain, we are the first, we are the trailblazers in Middle East Digital Assets and Cryptocurrencies.
MAIN ACCOUNTABILITIES
- Support the development of a compliance policy & procedures.
- Support in managing the relationship with the regulators in its day-to-day inquiries.
- Review regulatory requirements and advise business and back office operational units on regulatory requirements in coordination with line managers.
- Receive, document, and ensure implementation of new or updated regulatory requirements. By doing so, ensure:
- Disseminating new or updated regulatory requirements to relevant units.
- Assigning roles and responsibilities.
- Providing necessary advice on controls to be made.
- Reviewing relevant policies and procedures to advise relevant units on necessary changes.
- Receive feedback from relevant units and seek regulatory advice or guidance, when necessary.
- Conduct compliance testing and reviews in accordance with the approved annual Compliance Program.
- Track and ensure timely closures of issues raised by the regulator, internal audit, external auditors, and internal compliance reports.
- Liaise with various internal stakeholders to ensure timely submission of periodic and ad-hoc reporting requirements while maintaining a register for the same.
- Receive customer complaints from CBB and report them to the CX teams for follow-up. Provide the line manager with the final inputs on the resolution of the complaints.
- Liaise with various internal stakeholders to ensure the proper conduct of regulatory meetings and inspections.
- Support in preparing required Compliance reports to be presented to the Board or Senior Management.
- Document all communications with the regulators in a proper manner and ensure their availability in a central repository.
- Support in any other Compliance related activity.
EDUCATION
- BA or Higher degree in finance, accounting, or any related subject.
- Compliance related qualifications preferred
EXPERIENCE
Minimum 5 years of relevant experience in a compliance function within the Financial / Banking / Cryptocurrency / Regulatory environment.
SKILL
- Interaction with internal and external stakeholders and ability to build strategic partnerships.
- Exceptional interpersonal and communication skills.
- Analytical and problem-solving skills to manage projects, crises, and conflicts.
- Able to work independently and deal with multitasking in a very paced environment.
