Responsible for Compliance Advisory and Regulatory Liaison: Implementation of regulatory compliance protocols, regulatory analysis, and adherence to regulations such as the SCA Rulebook, FATCA, and CRS.
Provide Compliance Advisory: Offer guidance to assigned businesses and support functions, including Wealth Management (Investments and Insurance), Risk, Finance, Personal and Business Banking, Customer Experience, and Digital.
Serve as the primary point of contact for regulatory compliance concerns.
Manage SCA Circulars, regulations, communications, analyses, and examinations conducted by regulators.
Oversee Conduct Risk: Ensure alignment with the Bank’s size, complexity, risk appetite, and maturity level.
Analyse regulatory trends and developments: Monitor the impact on bank processes and implement necessary changes.
Implement compliance protocols: Ensure adherence to the Bank’s compliance policies and regulatory requirements.
Ensure accurate and timely submission of regulatory reports: Maintain compliance with policies and applicable regulations.
Provide oversight and challenge on processes and procedures: Proactively implement suggestions for improvement to enhance the Bank’s compliance culture.
Take ownership of the SCA Rulebook: Maintain guidelines for FATCA and CRS.
Manage relationships with key regulators: Handle notices/circulars, conduct gap analysis reviews, and track closure within timelines.
Develop and implement regulatory compliance strategies: Align with the Bank’s overall business objectives.
Provide strategic guidance on regulatory matters to senior management.
What You Should Have
Bachelor's degree in communication or related field; MBA preferred.
Minimum of 8 years of experience in Banking: Recent designation as a manager or above.
Relevant experience in Compliance and Operational Risk Management (preferred).
What We Are Looking For
Developing and maintaining stakeholder relationships.
Managing and resolving complex issues and projects.
Working in a team and managing change.
Knowledge of key UAE-related regulations from CBUAE and SCA: Familiarity with Operational Risk Management guidelines, practices, processes, and procedures.
Identify and assess emerging regulatory risks: Develop proactive strategies to mitigate them.
Lead strategic initiatives: Enhance the Bank’s compliance framework to ensure it remains robust and effective.
Monitor and implement regulations received by the Bank.
Ensure timely reporting to all regulators as per guidelines.
Manage a compliance monitoring program: Ensure adherence to regulatory requirements.
Coordinate with the Central Bank and other regulators on behalf of the Bank.
