Head of Compliance

Job description / Role

• Develop, implement, and maintain a comprehensive compliance program tailored to the specific needs of the foreign exchange currency and remittance sending business.
• Stay abreast of relevant laws, regulations, and industry standards pertaining to foreign exchange, money transmission, anti-money laundering (AML), and counter-terrorism financing (CTF) requirements.
• Conduct regular risk assessments and audits to identify potential compliance gaps and areas for improvement.
• Establish and enforce policies, procedures, and controls to mitigate compliance risks and ensure adherence to regulatory requirements.
• Provide guidance and training to employees on compliance matters, including AML/CFT awareness, customer due diligence (CDD), and suspicious activity reporting (SAR).
• Serve as the primary point of contact for regulatory agencies and external auditors, ensuring timely responses to inquiries and requests for information.
• Collaborate with senior management and other functional teams to address compliance-related issues and drive a culture of compliance throughout the organization.
• Monitor and analyze industry trends, emerging risks, and regulatory developments to proactively identify and address potential compliance challenges.
• Prepare and submit regular reports to senior management and the Board of Directors on compliance activities, findings, and recommendations.
• Lead and mentor a team of compliance professionals, fostering a collaborative and results-oriented work environment.

Requirements

• Bachelor's degree in Business Administration, Finance, Law, or related field; advanced degree or professional certification (e.g., CAMS, CFE, CRCM) preferred.
• Minimum of 5 years of experience in compliance management within the financial services industry, with specific expertise in foreign exchange currency and remittance services.
• In-depth knowledge of relevant regulatory frameworks, including but not limited to FinCEN regulations, OFAC sanctions, and applicable anti-money laundering laws.
• Strong analytical skills and attention to detail, with the ability to interpret complex regulations and assess their impact on business operations.
• Excellent communication and interpersonal skills, with the ability to interact effectively with internal stakeholders, external partners, and regulatory authorities.
• Proven leadership abilities, with experience managing teams and driving cross-functional initiatives to achieve compliance objectives.
• Demonstrated integrity, professionalism, and ethical conduct in all aspects of work.

About the Company

Hamdan Trading Group is part of one of the largest corporate conglomerates from the Sultanate of Oman the Hamdan Group. The group commenced its business operations in the year 1975 and has mirrored the growth of the Sultanate of Oman and contributed significantly to the Omani economy.

Today the group has more than fourteen well organized and diversified business units each establishing a benchmark in its own field. Hamdan Trading Group consists of three core divisions of business of the Hamdan Group Viz; Transport, Heavy Construction and Dunlop Agency.

The Transport Division is one of the largest and oldest in the Sultanate having the most diverse fleet. The most challenging and complex logistics requirements have been fulfilled by the division and has been awarded ISO certification.

The construction Division is engaged in large scale Civil and Private construction activities across the Sultanate employing over 300 full time workers.The Dunlop agency of Hamdan Trading Group is the sole distributor of Dunlop Tires across the Sultanate of Oman and it has currently 12 branches strategically located for the convenience of the customer and many more branches are in the pipe-line to be opened soon.