Senior Officer – Regulatory Compliance & Assurance- Emirati Talent
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Key skills for this role
About the Role
The bank is seeking a Senior Officer to support the Head of Regulatory Compliance in ensuring adherence to CBUAE regulations, particularly consumer protection standards. The role involves conducting gap analyses, assurance reviews, managing regulatory correspondence, and supporting FATCA/CRS compliance.
Key Skills for This Role
Responsibilities
- Conduct bank wide gap analysis and monitoring assurance activity against identified CBUAE regulations
- Perform in depth monitoring assurance reviews on Consumer Protection Standards and Regulation
- Monitor the adherence of the bank’s code of conduct
- Draft final reports post assurance reviews, including methodology and key findings
- Ensure all identified non compliant items are appropriately registered in the breach register
- Report material breaches found to CBUAE
- Manage regulatory correspondences, including analyzing, drafting and circulating regulatory notices
- Liaise with Head of Regulatory Compliance for submitting feedback to regulators
- Maintain and monitor the CBUAE Reporting Tracker for scheduled submissions
- Manage all aspects of FATCA and CRS regulatory reporting
- Submit Key Risk Indicators (KRIs) monthly and RCSA annually to the Risk department
- Assist in preparing and delivering training materials related to regulatory topics
Requirements
- Bachelor's degree or equivalent level of education
- In depth knowledge of CBUAE and other related regulations, especially pertaining to consumer protection
- Analytical, problem solving and decision making skills
- Attention to details
- Strong team player
- Strong written & verbal communication skill
- Technical qualifications: quality control and assurance reporting
- Development of assurance frameworks and assurance methodologies
- Compliance qualification or certification, such as ACAMS and/or Certified Compliance Officer (CCO)
Full Job Posting
Job Purpose
- Support the Head of Regulatory Compliance to ensure that all regulatory obligations under the Consumer Protection Standards and Regulations are fully adhered to.
- Responsible for assisting with advising on policy, issuing guidelines, providing guidance and advice, undertaking product reviews, conducting assurance exercises and facilitating training on regulatory and compliance requirements.
- Also responsible for interacting with and maintaining good relations with CBUAE and interacting with government departments and ministries.
Main Responsibilities and Accountabilities
- Conduct bank wide gap analysis and monitoring assurance activity against identified CBUAE regulations.
- Perform in depth monitoring assurance reviews on Consumer Protection Standards and Regulation such as mystery shopping, thematic reviews, complaint data analysis.
- Monitor the adherence of the bank’s code of conduct.
- Draft final reports post assurance reviews, including methodology and key findings.
- Ensure all identified non compliant items are appropriately registered in the breach register and ensure proper follow up until closure.
- Report material breaches found to CBUAE post following the defined process.
- Manage regulatory correspondences, including analyzing, drafting and circulating regulatory notices to respective stakeholders.
- Liaise with Head of Regulatory Compliance for submitting feedback to regulators when required.
- Maintain and monitor the CBUAE Reporting Tracker for scheduled submissions.
- Update and manage the weekly Compliance dashboard shared with EMC.
- Review/update the Regulatory Tracker sheet on a daily basis.
- Upload all received regulatory notices to the internal Compliance SharePoint.
Governance Support and Regulatory Documentation
- Involve in preparing and reviewing Compliance Committee (CC) and Board Risk Committee (BRC) packs.
- Review product programs, policies, procedures to ensure all regulatory requirements are sufficiently addressed.
- Manage all aspects of FATCA and CRS regulatory reporting, including review and validation of client data, preparation and upload of final reports to MOF portal.
- Submit Key Risk Indicators (KRIs) monthly and RCSA annually to the Risk department.
- Assist in preparing and delivering training materials related to regulatory topics such as FATCA/CRS.
- Participate in regulatory compliance initiatives and projects, including User Acceptance Testing.
Education
- Bachelor’s degree or equivalent level of education.
Professional / Technical Qualifications
- Technical qualifications: quality control and assurance reporting.
- Development of assurance frameworks and assurance methodologies.
- Compliance qualification or certification, such as ACAMS and/or Certified Compliance Officer (CCO) or any other relevant AML/Compliance qualifications from an internationally recognized body will be considered as an advantage.
Other Skills Required for the Job
- In depth knowledge of CBUAE and other related regulations, especially pertaining to consumer protection.
- Analytical, problem solving and decision making skills.
- Attention to details.
- Strong team player.
- Strong written & verbal communication skill.
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