Qureos Mentor

National Bank of Kuwait

Job Title: AVP - Deputy CO / MLRO -DIFC Overview To establish and oversee an effective and sustainable Compliance Department, inclusive of policies, systems, resources and controls across the NBK UAE and DIFC Branches and ensure adherence to all applicable Regulatory requirements. Responsibilities DIFC Branch Compliance Duties<ol><li>Assisting CO/MLRO in identifying the compliance risks facing the DIFC Branch and in designing and implementing policies, procedures, systems and controls that will enable the branch to comply with the legislation in the DIFC applicable to its financial services.</li><li>Documenting the organisation, responsibilities and procedures of the Firm's compliance function including its Compliance Procedures Manual and Compliance Monitoring Programme.</li><li>Establishing and maintaining monitoring and reporting processes to ensure that any compliance breaches are readily identified, reported and acted on.</li><li>Keeping the senior management up to date on changes in relevant regulations and the implications thereof.</li><li>Advising the Firm in preparing for DFSA risk assessment visits.</li><li>Reviewing the Firm's marketing materials.</li><li>Assisting CO/MLRO in Processing applications for the registration and withdrawal of Authorized Individuals.</li><li>Ensuring that directors, officers and employees receive training on what must or must not be done to ensure that they and the DIFC Branch comply with applicable laws and regulations.</li><li>Liaising with DFSA and checking that all regulatory returns and ad hoc notifications have been submitted on a timely basis.</li><li>Establishing and maintaining the DIFC Branch files and registers in relation to controllers; senior management apportionment; authorised individuals; breaches; complaints; conflicts identification and management, marketing materials; clients, regulatory returns and notifications to the DFSA.</li></ol>DIFC Branch - Deputy - MLRO Duties<ol><li>Assisting CO/MLRO in identifying the money laundering risks facing the Firm and in designing and implementing policies, procedures, systems and controls that will enable the Firm to comply with the anti-money laundering legislation applicable in the DIFC.</li><li>Overseeing the Firm's day-to-day operations for compliance with its anti-money laundering policies, procedures, systems and controls.</li><li>Acting as the point of contact along with CO/MLRO to receive internal Suspicious Activity Reports (SARs) from employees; taking appropriate action to (i) investigate the circumstances in which the SAR was made; and (ii) determine whether a corresponding external SAR must be made to the FIU; and, if required, making an external SAR to the FIU and sending a copy to the DFSA.</li><li>Acting as the point of contact along with CO/MLRO within the Firm for competent UAE authorities and the DFSA regarding money laundering issues and responding promptly to any request for information made by them and notifying the DFSA in writing of any such request.</li><li>Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions issued by the government of the UAE or any government departments in the UAE, the Central Bank of the UAE or the FIU, the Financial Action Task Force any UAE enforcement agency, the DFSA and the United Nations Security Council concerning:</li><li>• arrangements for preventing money laundering, terrorist financing or the financing of weapons of mass destruction in a particular country or jurisdiction, including any assessment of material deficiency against relevant countries in adopting international standards; and</li><li>• the names of persons, groups, organisations or entities or any other body where suspicion of money laundering or terrorist financing or the financing of weapons of mass destruction exists.</li></ol><ol><li>Establishing and maintaining an appropriate money laundering training program and adequate awareness arrangements for all relevant employees.</li><li>Overseeing the accurate completion and timely submission of the Annual AML Return</li></ol> Qualifications <ul><li>Post graduate degree</li><li>Bachelor's degree in economics, commerce or law</li><li>Professional certification in banking and financial crime</li><li>CAMS or ICA certified or equivalent preferred</li><li>Arabic speaker preferred</li></ul> Experience <ul><li>At least 15 years of experience in the Compliance role in the financial sector and preferably in DFSA, ADGM</li><li>Proven technical expertise in the field of Financial Crime, including DFSA, CBUAE and international laws, regulations, and best practice.</li><li>Hands-on experience of working within a highly regulated environment along with a sound understanding of the current environment and key issue within financial services.</li><li>Sound working knowledge of retail and corporate banking products is essential.</li></ul>If you meet the above criteria, please send your application and CV to with the job title in the subject.Due to a high volume of applications we receive, only shortlisted candidates will be contacted for an interview.<img src="https://www.jobg8.com/Tracking.aspx?2BLAx2Vk0CY%2fCJb9JRRCgWWCIo%2bOeV3Cg" width="0" height="0" />

Associate Vice President Compliance

<div>
 
 
 Job Title: AVP - Deputy CO / MLRO -DIFC
 
 
 
 
 
 
 
 Job Purpose:
 
 
 
 
 
 
 To establish and oversee an effective and sustainable Compliance Department, inclusive of policies, systems, resources and controls across the NBK UAE and DIFC Branches and ensure adherence to all applicable Regulatory requirements.
 
 
 
 
 
 
 Key Responsibilities &amp; Accountabilities:
 
 
 
 
 
 
 
 
 DIFC Branch Compliance Duties
 
 
 
 
 
 
 <ol>
 <li>
 Assisting CO/MLRO in identifying the compliance risks facing the DIFC Branch and in designing and implementing policies, procedures, systems and controls that will enable the branch to comply with the legislation in the DIFC applicable to its financial services.
 </li>
 <li>
 Documenting the organisation, responsibilities and procedures of the Firm&rsquo;s compliance function including its Compliance Procedures Manual and Compliance Monitoring Programme.
 </li>
 <li>
 Establishing and maintaining monitoring and reporting processes to ensure that any compliance breaches are readily identified, reported and acted on.
 </li>
 <li>
 Keeping the senior management up to date on changes in relevant regulations and the implications thereof.
 </li>
 <li>
 Advising the Firm in preparing for DFSA risk assessment visits.
 </li>
 <li>
 Reviewing the Firm&rsquo;s marketing materials.
 </li>
 <li>
 Assisting CO/MLRO in Processing applications for the registration and withdrawal of Authorized Individuals.
 </li>
 <li>
 Ensuring that directors, officers and employees receive training on what must or must not be done to ensure that they and the DIFC Branch comply with applicable laws and regulations.
 </li>
 <li>
 Liaising with DFSA and checking that all regulatory returns ad hoc notifications have been submitted on a timely basis.
 </li>
 <li>
 Establishing and maintaining the DIFC Branch files and registers in relation to controllers; senior management apportionment; authorised individuals; breaches; complaints; conflicts identification and management, marketing materials; clients, regulatory returns and notifications to the DFSA.
 </li>
 </ol>
 
 
 
 
 
 
 DIFC Branch -Deputy -MLRO Duties
 
 
 
 
 
 
 <ol>
 <li>
 Assisting CO/MLRO in identifying the money laundering risks facing the Firm and in designing and implementing policies, procedures, systems and controls that will enable the Firm to comply with the anti-money laundering legislation applicable in the DIFC.
 </li>
 <li>
 Overseeing the Firm&rsquo;s day-to-day operations for compliance with its anti-money laundering policies, procedures, systems and controls.
 </li>
 <li>
 Acting as the point of contact along with CO/MLRO to receive internal Suspicious Activity Reports (SARs) from Employees; taking appropriate action to (i) investigate the circumstances in which the SAR was made; and (ii) determine whether a corresponding external SAR must be made to the FIU; and, if required, making an external SAR to the FIU and sending a copy to the DFSA.
 </li>
 <li>
 Acting as the point of contact along with CO/MLRO within the Firm for competent U.A.E. authorities and the DFSA regarding money laundering issues and responding promptly to any request for information made by them and notifying the DFSA in writing of any such request.
 </li>
 <li>
 Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions issued by the government of the UAE or any government departments in the UAE, the Central Bank of the UAE or the FIU, the Financial Action Task Force any UAE enforcement agency, the DFSA and the United Nations Security Council concerning:
 </li>
 </ol>
 <ul>
 <li>
 arrangements for preventing money laundering, terrorist financing or the financing of weapons of mass destruction in a particular country or jurisdiction, including any assessment of material deficiency against relevant countries in adopting international standards; and
 </li>
 <li>
 the names of persons, groups, organisations or entities or any other body where suspicion of money laundering or terrorist financing or the financing of weapons of mass destruction exists.
 </li>
 </ul>
 <ol>
 <li>
 Establishing and maintaining an appropriate money laundering training program and adequate awareness arrangements for all relevant employees.
 </li>
 <li>
 Overseeing the accurate completion and timely submission of the Annual AML Return
 </li>
 </ol>
 
 
 
 
 
 Qualification
 
 
 <ul>
 <li>
 Post graduate degree
 </li>
 <li>
 Bachelor&rsquo;s degree in economics, commerce or law
 </li>
 <li>
 Professional certification in banking and financial crime
 </li>
 <li>
 CAMS or ICA certified or equivalent preferred
 </li>
 <li>
 Arabic speaker preferred
 </li>
 </ul>
 
 
 
 
 
 Experience
 
 
 <ul>
 <li>
 At least 15 years of experience in the Compliance role in the financial sector and preferably in DFSA, ADGM
 </li>
 <li>
 Proven technical expertise in the field of Financial Crime, including DFSA, CBUAE and international laws, regulations, and best practice.
 </li>
 <li>
 Hands-on experience of working within a highly regulated environment along with a sound understanding of the current environment and key issue within financial services.
 </li>
 <li>
 Sound working knowledge of retail and corporate banking products is essential.
 </li>
 </ul>
 
 
 
 
 If you meet the above criteria,
 
 please send your application and CV to recruitmentuae@nbk.com
 
 with the
 
 job title in the subject
 
 .
 
 
 
 
 
 
 
 Due to a high volume of applications we receive, only shortlisted candidates will be contacted for an interview.
 
 
 
</div>

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Associate Vice President Compliance

Associate Vice President Compliance