Head of Finance UAE

  • Remitly
  • Dubai, UAE
  • 09/02/2024
Full time Forex Fintech Executive Finance Management

Job Description

Job Description

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

Remitly is registered as a Money Services Business in the U.S., Canada, EU, United Kingdom, Singapore and Australia. Each of these jurisdictions require, among other items, that Remitly maintain a comprehensive Risk and Compliance Program.

About The Role

You will be an outcome focused and highly effective Finance leader to join Remitly’s growing Finance team, supported by our Finance Transformation Director. This person will lead our Dubai, UAE finance operations and will be a key driver to ensure our team grows efficiently and effectively as our business expands. This role requires expertise in team management, prioritization, communication throughout the team and global organization, finance, regulatory reporting, compliance, and executive presence / corporate governance. You will be based in Dubai, UAE.

You Will

  • Be responsible for Finance deliverables and commitments in the Middle Eastern region working with our centralized finance teams in the US (tax, treasury, accounting, FP&A etc.) and via close and effective collaboration with Product, Engineering, Pre-Approval Controlled Function (PCF) leaders, Business Management, Compliance and Legal to ensure we are managing our business prudently.
  • Oversight of the statutory reporting compliance of Remitly’s Middle Eastern entities, ensuring that all accounting, audit, tax and other filings are completed, accurately and timely, including effective partnership with external auditors.
  • Responsible for daily customer funds safeguarding procedures, including close and effective collaboration with US Product and Engineering teams, Global Accounting team, and the Compliance Officer in the UAE.
  • Ensure the company’s capital resources are in compliance with its regulatory requirements at all times.
  • Through partnership with the Remitly’s Compliance and Legal functions, own and drive the finance-related responsibilities associated with our money transfer licenses and related compliance requirements with the Dubai Financial Services Authority, and more as expansion continues.
  • Maintain a thorough understanding of the compliance landscape and the applicable financial and regulatory reporting requirements and proactively identify and plan for the impact to both existing processes and expected / future processes.
  • Build a strong relationship with Remitly’s Global Tax function, to ensure ongoing compliance across all Middle Eastern activities, and advise on tax impacts of ongoing international expansion.
  • Lead and coordinate finance efforts in the Middle East for new entity launches, regulatory license applications in new jurisdictions and new product launches.
  • Effectively lead and manage through a well-organized and diligent approach, aligned with both other EMEA leaders as well as our Global Finance Team.
  • Maintain oversight of outsourced services provided to Remitly’s Middle Eastern entities.
  • Manage entity level board reporting and policy governance.
  • Partner with business owners and the Financial Planning & Analysis team to support annual budgeting, expense and headcount management.

You Have

  • 8+ years of progressive experience in Finance, including experience in management of a team of finance professionals.
  • Undergraduate degree in business, finance or accounting; CPA or Chartered Accountant preferred.
  • The successful candidate must qualify for the Finance Officer role with the Dubai Financial Services Authority.
  • International experience and FinTech industry experience are highly valued.
  • Demonstrated knowledge of FRS 102 and US GAAP, current trends, and developments.
  • Experience succeeding in a dynamic, fast-paced, ambiguous, and highly entrepreneurial business environment
  • Ability to drive results and partner with empathy across geographies and business units.
  • Strong problem solving and analytical skills.
  • Excellent communication skills (written, verbal) and partnership skills.
  • Some travel will be required.

Our Benefits

  • Our Benefits
  • "Open leave" policy, subject to approval
  • Flexible remote working
  • Health insurance
  • Travel benefit
  • Learn and development benefits
  • 3000+ free online courses available

We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.