Compliance Officer

About us:

Taurex- Trade the World

Vision– to inspire the financial confidence of traders and investors of the world.

Who are Taurex?

1. We are Human
2. We empower all with Knowledge
3. We are forging the Future
4. We earn trust through Integrity
5. We provide global expertise with a Local Touch

With over 50 years of combined industry experience, our management team are passionate about building a brokerage to compete with the most reputable brands in the industry. We are focused on building our own path, through superior technology and excellent service with a clear understanding of our client’s needs.

Along with a wide range of available products including Forex, Cryptos, Indices, Shares and Commodity CFDs, we also provide excellent learning resources and market analysis, superfast execution, competitive leverage, and exceptional customer service.

Our culture is being driven by our core values which are Integrity, Collaboration, Curiosity, Tenacity and Excellence. We treat our colleagues with respect and kindness, we work as a team and a family, we are detail orientated and think outside the box. We are determined, have a great work ethic and we work in a fast-paced environment.

We are expanding at a fast pace and there are lots of opportunities for input and growth within your role. If you are interested in joining us at this exciting time, then read on!

About the role:

• The role will support the Compliance Department by assisting with regulatory reporting, contributing to the development and maintenance of policies and procedures, and supporting ongoing compliance monitoring activities. Upon activation of the Financial Consulting function under Taurex Financial LLC—or earlier if required—You will assume the responsibilities of a Financial Analyst. In this capacity, you will play a key role in our financial operations, with a particular focus on CFD and forex trading activities. The duties will include:
• Analyze financial data related to CFD and forex trading activities to provide insights and recommendations.
• Monitor market trends and develop financial models to support trading strategies.
• Ensure compliance with regulations and guidelines set by the SCA and DFSA.
• Prepare financial reports, forecasts, and budgets for management review.
• Collaborate with various departments to optimize financial performance and risk management.

Key responsibilities:

Under the direction of the Regional Head of Compliance/MLRO:

1. ensure full compliance with SCA regulations, UAE financial laws, and international best practices governing brokerage firms.
2. support the Regional Head of Compliance to resolve issues with the SCA, UAE Central Bank, Financial Intelligence Unit (FIU), and other relevant authorities.
3. monitor regulatory developments and ensure timely updates to internal policies and procedures.
4. prepare mandatory regulatory reports (e.g., periodic compliance reports, transaction monitoring reports, suspicious activity reports, etc.).
5. coordinate SCA audits and inspections, addressing inquiries, deficiencies, and recommendations.

Corporate Governance

Under the direction of the Regional Head of Compliance/MLRO:

1. Ensure corporate governance standards are met, including Board-level compliance reporting.
2. Support management on risk mitigation strategies related to financial crime, anti-money laundering (AML), and counter-terrorism financing (CTF).
3. Oversee and maintain the filing and storage of company related documents.

AML/CFT & Financial Crime Compliance

Under the direction of the Regional Head of Compliance/MLRO:

1. carry out AML/KYC processes, ensuring robust customer due diligence (CDD) and enhanced due diligence (EDD) frameworks.
2. monitor transactions and escalate suspicious activity in line with SCA AML regulations and UAE FIU reporting requirements.
3. conduct periodic AML/CFT risk assessments and ensure alignment with Financial Action Task Force (FATF) standards.
4. ensure compliance with FATCA, CRS, and Economic Substance Regulations (ESR) in the UAE.

Risk Management & Compliance Monitoring

Under the direction of the Regional Head of Compliance/MLRO:

1. carry out the Compliance Monitoring Program (CMP) to assess and test adherence to regulations and internal policies.
2. conduct internal compliance audits to identify gaps and implement remedial actions.
3. monitor compliance with the company’s risk-based approach (RBA) to compliance and regulatory obligations.
4. prepare regular compliance risk reports to senior management and the Board.

Policy Development & Training

As directed by the Regional Head of Compliance:

1. develop, update, and implement compliance policies, procedures, and training programs for employees.
2. conduct staff training sessions on regulatory requirements, AML, market abuse, sanctions, and ethics.
3. promote a culture of compliance, ensuring that all employees adhere to high ethical and professional standards.

Internal & External Stakeholder Collaboration

• Work closely with Trading, Risk, Operations, and IT teams to ensure compliance integration in business processes.
• Provide compliance and legal guidance to senior management on new products, digital transformation, and regulatory risks.
• Collaborate with external legal counsel on complex regulatory matters, enforcement actions, and litigation risks.
• Review marketing materials, website content, and client communications for regulatory compliance and fair disclosures.
• Liaise with Finance team to ensure timely submission of financial reports and FS to the auditors and regulator.
• Work closely with the external auditors for onboarding at appointment stage and as part of inspections and audits.

Experience and Qualifications:

• Minimum 2-year experience in a compliance role within the financial sector
• Knowledge of financial services regulations, as impacting Zenfinex’s business, e.g. know your client, anti-money laundering, sanctions, insider dealing, market abuse, conduct of business and conflicts of interest is desirable
• Experience of best practice compliance and governance frameworks, methodologies and emerging practice, compliance monitoring and risk assessments in the context of the UK financial services industry.
• Ideally experienced within the Derivatives industry.
• Preference will be given to those that are degree qualified, preferably in business, economics, law or accounting or relevant Compliance qualifications.
• Essential that GCSE grades reflect A-C for English and Mathematics
• Good understanding of JMLSG guidance.
• Strong MS Office skills.
• Experience in producing policies and procedure is highly desirable.
• CISI Qualifications – for SCA approved roles

Person Specification:

• Strong communication skills with the ability to build strong internal networks across the Company.
• Broad and pragmatic thinker, capable of interpreting information and presenting arguments in a clear and reasoned way.
• Thorough and accurate, capable of identifying the key issues without getting lost in the detail.
• Processes driven ability to follow new processes.
• Accountable for own decisions and actions whilst respectful of the professional responsibilities of others.
• Politically astute, self-confident demeanour and mature social skills.
• Strong analytical skills and meticulous attention to detail.

Local Benefits:

• 24 days annual leave plus public holidays and 1 day for your birthday
• VISA sponsorship
• Private medical insurance
• End of service benefit
• Hybrid Working
• A vibrant, multicultural office