Legal Compliance Manager

About us: Velex is a privately held Technology Investment Advisory and Management Consortium, focusing on the markets in the Middle East and Africa since 1996. Having over 27 years of experience and serving dozens of satisfied clients and stakeholders, Velex recently has transitioned its focus to Disruptive Technology businesses and managed to develop a number of highly professional teams and partnership networks, capable to handle any competent advisory and management volumes. We are also building and supporting a number of the Tech Start Ups through various platforms.

We mainly cover several industries, where digital transformations are fast growing - Financial Services & Banking; Hospitality & Gaming; Supply Chain & Logistics; Mobility; New Media & Entertainment, etc.

Responsibilities:

1) Regulatory Compliance Oversight

- Ensure the company’s operations, products, and services comply with applicable laws, regulations, and licensing conditions in all jurisdictions of operation (MENA region).

- Develop, implement, and maintain a robust compliance management framework, including policies, procedures, and internal controls.

- Monitor regulatory developments and assess their impact on business activities; advise company`s management accordingly.

- Coordinate periodic compliance risk assessments and ensure timely remediation of identified gaps.

- Conduct an annual DD for all portfolio companies 

2. Licensing and Regulatory Approvals

- Participate in the process of obtaining, renewing, and maintaining all required regulatory licenses and registrations (e.g., PSP, remittance, e-money, VAS, etc.).

- Manage communication and submissions to regulatory authorities, ensuring accuracy, completeness, and timely filing of all documentation.

- Support the expansion of the company into new African markets by identifying local licensing requirements and coordinating with legal and regulatory advisors.

- Maintain a comprehensive register of licenses, permits, and related obligations across jurisdictions.

- Conduct a research on the licensing i a new countries

3. Policy Development and Implementation

- Draft, review, and update compliance policies and manuals to align with changing regulatory landscapes.

- Develop a compliance checklist DD for all portfolio companies in each jurisdictions where it operates

- Ensure effective implementation of AML/CFT, data protection, consumer protection, and other compliance-related programs.

- Conduct regular reviews of business practices to ensure adherence to internal policies and regulatory expectations.

Requirements:

• A relevant certification in compliance (e.g. SCCE, ACAMS or similar) is preferred
• At least 2 years of experience in compliance in payment, fintech or related field
• Strong understanding of licensing processes in payment services and cryptocurrencies
• Experience in developing and implementing compliance policies and participating in Visa and Mastercard certifications
• Ability to conduct risk analysis and develop risk mitigation strategies
• Excellent communication skills and ability to work in a team
• Upper Intermediate English 

What we offer:

• Be part of a creative, dynamic team focused on innovation
• Opportunities for career growth and development
• A supportive, collaborative work environment
• Competitive remuneration and benefits package