Senior Manager, Compliance

Description

Summary: Tabby is seeking a Compliance professional to establish and lead its compliance function in Kuwait, acting as the primary contact with the Central Bank of Kuwait. Highlights: 1. Founding role, building the compliance function in Kuwait from scratch 2. Act as principal contact with the Central Bank of Kuwait 3. Own the AML/CFT programme and regulatory relationships ### **Description** **About Tabby:** Tabby is on a mission to give people power over their money. For too long, financial systems have worked for the institutions that built them, not the people using them. Runaway interest, fine print and limited access have left many behind, feeling shut out of a system that wasn't setting them up for success. We're building a different kind of system—in a complete money app to send, spend and save. One that's clear, flexible and puts people and businesses in control. Founded in 2019, we serve customers and businesses across Saudi Arabia, the United Arab Emirates and Kuwait. Millions of customers and 65,000 global brands, government services and small businesses rely on us today. What began as a better way to pay at checkout has grown into a financial system working the way it should have all along. **About the role** Tabby is the leading shopping and financial services app in the Middle East \- 25M\+ users, 65,000\+ merchants across Saudi Arabia, the UAE and Kuwait. We're now building our Kuwait team. This is a founding role. You'll support building the compliance function in Kiwait rather than inherit one, and act as our principal contact with the Central Bank of Kuwait.### **Key Responsibilities** * Own the CBK relationship \- correspondence, inspections, information requests and supervisory dialogue * Lead the compliance workstream of our CBK registration and licensing programme * Build the Kuwait compliance framework from scratch: policies, controls, monitoring plan and risk assessments * Act as MLRO \- own the AML/CFT programme, including STR filing, CDD, sanctions screening and transaction monitoring * Maintain the BNPL consumer protection framework covering dispute resolution, fee transparency and complaint handling * Track regulatory change, assess business impact and drive implementation with the relevant owners * Prepare compliance reporting for CBK and papers for the audit and risk committees * Conduct regular compliance assessments and audits, proactively identifying potential areas of non\-compliance and recommending corrective actions to mitigate risks and ensure adherence to regulatory standards. * Provide strategic guidance and support to various departments within the organization on compliance\-related matters, including regulatory changes and updates, ensuring that all business activities are conducted in a compliant manner. * Design and roll out efficient and effective compliance processes, leveraging technology and innovative solutions to streamline compliance workflows and enhance operational efficiency. * Collaborate with internal stakeholders, including senior management, to integrate compliance considerations into all aspects of business operations, including product development, marketing, and customer service. ### **Skills, Knowledge and Expertise** * **5\+ years** in compliance, AML/CFT or regulatory advisory within a CBK\-regulated business \- a Kuwaiti bank, finance company, exchange house, or registered e\-payment or e\-money provider * **Direct experience dealing with the CBK**, including inspections and regulatory submissions * Working knowledge of the CBK e\-payment of funds regime and Kuwait's AML/CFT framework * A track record of **building** frameworks, not only administering them * Professional Arabic and English, including drafting regulatory correspondence in Arabic ### **About Tabby** Tabby creates financial freedom in the way people shop, earn and save, by reshaping their relationship with money. The company’s flagship offering allows shoppers to split their payments online and in\-store with no interest or fees. Over 32,000 global brands and small businesses, including Amazon, Noon, IKEA and Shein use Tabby to accelerate growth and gain loyal customers by offering easy and flexible payments online and in stores. Tabby has generated over $7 billion in transaction volume for its partner brands and has the highest rated, most reviewed, largest and fastest growing app of any fintech in the GCC region. Tabby launched operations in 2020 and has raised \+$1 billion in equity and debt funding from global and regional investors.