Senior Compliance Officer

Opening Date

As the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible Senior Compliance Officer to join our founding team. Duties of the Senior Compliance Officer include working cross-functionally to lead, develop, execute, monitor, and communicate Buna’s compliance management system. The job holder is also responsible for ensuring that all systems and operations are up-to-date and in line with compliance requirements and industry best practices. This position will report to the Chief Risk & Compliance Officer.

In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:

Job Responsibilities

Compliance Management and Implementation

  • Develop and implement the Buna Compliance program
  • Review and test the Buna Compliance program with applicable laws and make recommendations to management as necessary to improve/enhance Buna compliance framework
  • Ensure compliance operations and processes are in line with regulatory and stakeholder requirements including Data Protection
  • Carry out the day-to-day administration of the compliance program
  • Manage compliance metrics, reporting and process design
  • Evaluate compliance systems and ensure adequate software is in place
  • Scan the environment to identify issues, recommend and implement processes
  • Assist with monitoring and testing as required
  • Conduct vendor due diligence
  • Liaise with auditors/examiners during compliance audits/examinations as assigned
  • Conduct compliance risk assessment training workshops
  • Follow up on compliance issues that require investigation
  • Identify and interpret new/changed applicable laws relevant to the Buna business
  • Perform impact analysis of new/changed applicable laws
  • Coordinate, communicate and maintain business relationships with internal and external parties on various legal and compliance related matters


  • Effectively communicate and report out on plans, status, issues, risks, and requirements to all levels of stakeholders
  • Keep up-to-date on industry and regulatory changes

    Policy/ Process Development

  • Review and/or draft forms, disclosures, agreements, etc. as the need arises
  • Draft, modify and implement Buna policies, procedures and handbooks, as needed, to reflect industry best practices, the evolving regulatory environment and changes to the business
  • Assist with the preparation, organization, and maintenance of corporate documents
  • Draft contracts and related internal compliance materials
  • Assess, in collaboration with the risk management team, money laundering / terrorist financing risk, recommend mitigation plans and controls
  • Research, analyse and provide recommended remediation efforts for clients that present AML and/or reputational risk

Qualifications and Skills

Experience & Education

  • 5+ years of work experience including audit, operations, or compliance management
  • Prior experience in financial industry, payments, and /or banking compliance
  • Bachelor’s degree from a reputable university preferably in business, economics, finance, or accounting, or an equivalent combination of education and work experience
  • Relevant certifications (e.g. CBCO, CRCM, CAMS, CUERME, CRCP) are preferred


  • Advanced knowledge of AML/CTF regulatory requirements, ccompliance methods, practices, tools and procedures, policy/ process development, compliance management and compliance programs implementation
  • Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
  • Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
  • Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
  • Ability to handle multiple tasks with tight deadlines simultaneously
  • Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
  • Ability to maintain the highest level of confidential/sensitive information and professionalism
  • Flexibility and readiness to work beyond regular working hours and as required


  • Fluent in English & Arabic
  • Knowledge of French is a plus

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