About this opening
Ihsan is hiring its first compliance leader in Doha, based at the Qatar Financial Centre, to build the company's compliance and anti-money-laundering programme from the ground up and serve as its Money Laundering Reporting Officer. Ihsan runs a riba-free messaging and wallet app, and is developing Ihsan Gold, a token recording ownership of real, allocated physical gold, through the QFC Digital Assets Lab under its Sharia board.
What the role involves
- Build the compliance and anti-money-laundering programme from the ground up as the company's first compliance hire and MLRO
- Act as primary contact with the QFC Authority, the QFC Regulatory Authority and the Qatar Central Bank
- Lead participation in the QFC Digital Assets Lab and prepare the licence application for Ihsan Gold
- Work with licensed payment partners and oversee their compliance as Ihsan Pay launches
- Design and own the AML and counter-terrorist-financing framework and business risk assessment
- Set up customer onboarding, due diligence, enhanced due diligence and sanctions screening
- Run transaction monitoring, file suspicious transaction reports and apply the travel rule to token transfers
- Oversee daily reconciliation of tokens to gold held in the vault and due diligence on vault, custody and audit partners
- Coordinate independent reserve audits and the published bar list
- Write and maintain compliance policies, report regularly to the Board and work with the Sharia board on regulatory and Sharia requirements
- Own consumer protection, complaints and data protection, and grow the compliance team as the company scales
Requirements noted by the source board
- 7+ years in compliance within financial services, including at least 3 years of hands-on AML/CFT work (as listed on the board)
- Experience as an MLRO, deputy MLRO or Compliance Officer at a regulated firm (as listed on the board)
- Direct experience with the QFCRA, the Qatar Central Bank or another GCC regulator such as the FSRA, DFSA, VARA or CBB (as listed on the board)
- Background in payments, e-money, digital assets or precious metals (as listed on the board)
- Eligible for approval by the QFCRA as MLRO and able to meet fit-and-proper requirements (as listed on the board)
- Professional AML qualification such as CAMS or an ICA diploma (as listed on the board)
- Resident in Qatar or ready to relocate to Doha, with fluent English (as listed on the board)
- Strong plus: Arabic, Islamic finance and AAOIFI standards, tokenisation, custody or virtual-asset licence experience, travel-rule, KYC and blockchain analytics tools, and experience building a compliance function at a startup or fintech (as listed on the board)
How to apply
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