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Volity is building a financial platform for trading, investing and payments. Our Mauritius business operates through an FSC-licensed financial-services entity.

We are looking for a director who lives in Mauritius and has worked inside regulated financial services. This is an active board role. The Director should understand the business, ask difficult questions when needed, and
stay close enough to the local operation to know where the real risks are.

MANDATE

This is an active board appointment. You will help shape the Mauritius business, challenge management when necessary and keep the local operation within its licence conditions, governance obligations and FSC expectations.

What you will do

• ● Take part in board decisions on strategy, risk appetite, operating model and the development of the Mauritius business.
• ● Review governance, compliance, AML/CFT, risk, finance, outsourcing, technology and operational reporting.
  Follow up on material issues until the board is satisfied with the response.
• ● Check that local activities remain within the entity's licence conditions and applicable FSC requirements.
  Escalate matters that may require a licence variation or regulatory engagement.
• ● Review significant policies, conflicts of interest, outsourcing arrangements, complaints, client conduct issues
• and other material risks.
• ● Work directly with Compliance, the MLRO and DMLRO, auditors, the management company, legal advisers and the FSC when board involvement is needed.
• ● Make sure board papers are useful, decisions are recorded properly and agreed actions are followed through.
• ● Bring a Mauritius regulatory and commercial perspective to group decisions that affect the local entity.

What we need

● You live in Mauritius and will remain ordinarily resident in the country while holding the appointment. This is a Volity requirement and supports the local substance we want for the business.
● You have senior management, ExCo or board experience in regulated financial services. Experience with an FSC-licensed business is strongly preferred.
● You understand the responsibilities of directors of regulated entities, including governance, AML/CFT, risk management, outsourcing and regulatory reporting.
● You have dealt directly with regulators, auditors, management companies, legal advisers and control functions.
Direct experience with the FSC is strongly preferred.
● You have held real decision-making responsibility and can show that you have challenged management, handled difficult issues and followed matters through.
● You can satisfy the fit and proper, integrity, competence and other requirements that apply to the appointment.


Useful experience

● Investment dealer, brokerage, securities, wealth, multi-asset trading, payments or another FSC-regulated financial-services business.
● Establishing or scaling a licensed operation, strengthening local substance, or supporting regulatory applications, inspections and remediation.
● Board oversight of client assets or safeguarding, financial resources, outsourcing, technology resilience or cross-border business models where relevant to the licence.

The role

● The Mauritius governance model is still being developed, so the Director will have input into how it works from the start.
● You will work directly with group management and the local compliance and AML/CFT functions.
● The expectation is simple: know the business, understand the risks and take responsibility for the quality of local governance