Team Lead Enforcement

Abu Dhabi, United Arab Emirates

https://www.mncjobsgulf.com/company/sundus-recruitment-services

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Job Description

Job Code: 4545
Job Title: Team Lead (Regulatory Compliance)
Job Location: Abu Dhabi
Job Responsibilities:
The role holder is responsible for managing and supporting the implementation actions to promote and protect the stability and integrity of the financial system in the state. The role holder upholds the UAEs legislation and regulations regarding the protection of the financial system by recommending to remove individuals from designated functions to ensure they will no longer pose a threat to depositors and policyholders interests or to the companys reputation. The role holder imposes administrative and/or financial sanctions and penalties, that acts as a deterrent to others from committing violations.
Core Responsibilities

Review referrals received from the Examination team, decide to accept or decline based on information and evidence presented
Prepare and Draft the Commencement and Review documentation
Prepare and Draft Administrative Charging letters according to the requirements of the Examination team referral
Analyse referrals for Financial Institution or Entities, specifically related to Hawaladars their Liquidity, Financial Stability and Capital Adequacy
Acknowledge and respond to communications from the concerned Financial Institute or entity undergoing the Review
Prepare and Draft the execution Notification Letter following the review of information and data presented by the Examination Team
Prepare and Draft recommendations on cases and present to the Supervisors for review.
Submit the execution Letter(s)/Notifications to the Supervisor/ Governor/Board for application to the concerned Financial Institute or entity
Co-ordinate with the Examination Team for provision of required documentation, data and information from the concerned Financial Institute or entity undergoing the execution Review
Ensure awareness and applicable competency in all International Financial Standards and recommendations such as BASEL, FADF, OECD, IAIS, IOFI, UAE Information Security Standards and Islamic Financial Standards Board.
Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM to agree and streamline financial penalty application and levels
Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM in supporting the application of new regulations and legislation
Engage with the Interagency Anti Money laundering Working Group
Ensure awareness and applicable competency in existing and new Digital Solutions and Currencies
Ensure cooperation and coordination with other international & national regulatory authorities and agencies in line with best international practices.
Achieve specified organizational, management and KPI requirements and directives
Co-ordinate with the Appeals Committee and Legal teams in regard to the provision of information and documentation following appeals on execution sanctions
Co-ordinate with the Legal team on the provision of information and legal transfer of documentation
Discuss proposed decisions with the Legal team prior to submission to ensure compliance and legal credibility
Conduct regular meetings and discussions with Banking Supervision teams, Licensing, Consumer Protection and other to identify issues and themes for execution and receive cases for execution as required
Acquire and collate the necessary evidence for possible future litigation
Support and coordinate the discussion process with banks and FIs, negotiate adequate settlement agreements and remedial action
Collaborate with other law execution/security agencies and other parties who are authorized to get banking or other relevant information on CTF, AML and CFF and solicit collaboration of regulated entities where needed
Ensure a full and complete knowledge of all risks and products available within the financial marketplace
Embody the brand and be an ambassador in all internal & external customer transactions, communications and process applications
Ensure seamless interactions within the department and other departments to facilitate and enable efficiency
Perform any other duties outside the scope as and when required.

Qualification and experience:

Bachelors degree in a relevant field such as Law, Finance, Management, an MBA or relevant subject
5-8 years work experience preferably in a Ministry, Banking or Financial entity
Knowledge & Experience of a variety of Financial and Banking systems & Applications
Proficiency in Microsoft Word, Excel & other Office programs
Proficiency & fluency in formal report writing both in English and Arabic
Ability to research and learn international/global banking and insurance standards
Experience of interviewing and gathering evidence/documentation
Detail & process orientated
Highly detailed analytic al skills

Job Responsibilities:
The role holder is responsible for managing and supporting the implementation actions to promote and protect the stability and integrity of the financial system in the state. The role holder upholds the UAEs legislation and regulations regarding the protection of the financial system by recommending to remove individuals from designated functions to ensure they will no longer pose a threat to depositors and policyholders interests or to the companys reputation. The role holder imposes administrative and/or financial sanctions and penalties, that acts as a deterrent to others from committing violations.
Core Responsibilities

Review referrals received from the Examination team, decide to accept or decline based on information and evidence presented
Prepare and Draft the Commencement and Review documentation
Prepare and Draft Administrative Charging letters according to the requirements of the Examination team referral
Analyse referrals for Financial Institution or Entities, specifically related to Hawaladars their Liquidity, Financial Stability and Capital Adequacy
Acknowledge and respond to communications from the concerned Financial Institute or entity undergoing the Review
Prepare and Draft the execution Notification Letter following the review of information and data presented by the Examination Team
Prepare and Draft recommendations on cases and present to the Supervisors for review.
Submit the execution Letter(s)/Notifications to the Supervisor/ Governor/Board for application to the concerned Financial Institute or entity
Co-ordinate with the Examination Team for provision of required documentation, data and information from the concerned Financial Institute or entity undergoing the execution Review
Ensure awareness and applicable competency in all International Financial Standards and recommendations such as BASEL, FADF, OECD, IAIS, IOFI, UAE Information Security Standards and Islamic Financial Standards Board.
Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM to agree and streamline financial penalty application and levels
Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM in supporting the application of new regulations and legislation
Engage with the Interagency Anti Money laundering Working Group
Ensure awareness and applicable competency in existing and new Digital Solutions and Currencies
Ensure cooperation and coordination with other international & national regulatory authorities and agencies in line with best international practices.
Achieve specified organizational, management and KPI requirements and directives
Co-ordinate with the Appeals Committee and Legal teams in regard to the provision of information and documentation following appeals on execution sanctions
Co-ordinate with the Legal team on the provision of information and legal transfer of documentation
Discuss proposed decisions with the Legal team prior to submission to ensure compliance and legal credibility
Conduct regular meetings and discussions with Banking Supervision teams, Licensing, Consumer Protection and other to identify issues and themes for execution and receive cases for execution as required
Acquire and collate the necessary evidence for possible future litigation
Support and coordinate the discussion process with banks and FIs, negotiate adequate settlement agreements and remedial action
Collaborate with other law execution/security agencies and other parties who are authorized to get banking or other relevant information on CTF, AML and CFF and solicit collaboration of regulated entities where needed
Ensure a full and complete knowledge of all risks and products available within the financial marketplace
Embody the brand and be an ambassador in all internal & external customer transactions, communications and process applications
Ensure seamless interactions within the department and other departments to facilitate and enable efficiency
Perform any other duties outside the scope as and when required.

Qualification and experience:

Bachelors degree in a relevant field such as Law, Finance, Management, an MBA or relevant subject
5-8 years work experience preferably in a Ministry, Banking or Financial entity
Knowledge & Experience of a variety of Financial and Banking systems & Applications
Proficiency in Microsoft Word, Excel & other Office programs
Proficiency & fluency in formal report writing both in English and Arabic
Ability to research and learn international/global banking and insurance standards
Experience of interviewing and gathering evidence/documentation
Detail & process orientated
Highly detailed analytic al skills