Job Description

Job Purpose
Assist in planning and executing bank wide processes/products compliance review and ensuring that appropriate controls are designed in order to comply with the regulatory requirements.
Key Responsibilities
Manage the process of Assessment, Review & Advisory on all new & existing products, activities & processes submitted by the business on Regulatory requirements & Compliance Risk concerns from regulatory obligations perspective.
Obtain guidance from Head of Regulatory Compliance for implementation of the Compliance Program.
Participate in establishing and monitoring accomplishment of objectives directed toward increasing the compliance unit ability to serve management.
Supervising the assessments of regulatory risk emanating from new regulations and review of existing controls to mitigate such risks.
Plan & Manage work program to review the controls design on a regular basis.
Timely communication of the compliance review observations to the Head of Regulatory Compliance and highlight the most significant issues that requires immediate attention.
Ensure timely follow-ups with Dept. / units under review to receipt of replies on observations been raised by review team.
Communicating with the regulator to obtain regulatory clarifications, product/services and fee approvals.
Manage receiving of regulatory directives and dissemination to relevant DIB stakeholders including maintenance and update of the obligations register.
Review and maintenance of corporate governance related policies i.e. personal trading policy, related party policy and whistle blowing policy. Recommending changes in the policies to the Head of Regulatory Compliance in the light of new regulations.
Assist Head of Regulatory Compliance in effective management of Regulatory Compliance staff.
Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation.
Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.
Competencies/Skills
Education
Bachelor's Degree and or Professional qualifications in Risk & Control professions, i.e., Audit, Compliance etc.
Work Experience
Minimum 6-8 years of banking experience with extensive knowledge and experience in banking operations, rules & regulations pertaining to banking industry

Skills Required