Compliance Officer - Regulatory Risk and Control

Job Description & Accountabilities:

• Maintain up to date Circulars Dashboard.
• Maintain up to date Risk Assessment.
• Assist the direct manager in maintaining an accurate and up to date Compliance Risk Register.
• Ensure proper assessment is conducted on newly issued circulars and regulations by regulatory bodies.
• Assist the direct manager in maintaining up to date risk universe.
• Conduct the required follow up with Banking Compliance team on the outstanding regulatory risks/observations to ensure timely closure.
• Assist the direct manager in preparing the periodic report to update the senior management of the outstanding regulatory requirements.
• Assist the direct manager in the preparation of the Compliance Committee and Board Audit Committee pack.
• Ensure that the corrective actions for each risk and observation are addressed properly prior to the closure of the outstanding requirement.
• Ensure that all concerned departments/units within Banking Compliance are following their procedures.
• Provide support to the teams within Banking Compliance where required.
• Manage assigned Ad-hoc tasks/ projects in a timely manner ensuring deadlines are met and objectives are achieved.
• Report to the direct manager any arising discrepancies / risks.
• Execute the received requests for adding or closing regulatory risks / observations efficiently.
• Track and monitor the implementation of the regulatory bodies’ circulars, rules and regulations.

Qualifications & Experience:

• Bachelor degree in Business Administration, Law or related field.
• 0 – 2 years of experience in banking.
• 0 – 2 years of experience in Compliance or Audit.

Knowledge & Skills:

• Understanding of banking laws, regulatory bodies rules and regulations and other legal aspects relevant to banking.
• Capable of managing multiple compliance related tasks in a fast-paced environment.
• Excellent verbal and written communication skills for preparing reports and advising internal teams.
• Able to work effectively in cross-functional teams and build a strong relationship with internal and external stakeholders.
• Ability to prioritize and manage time effectively particularly during regulatory deadlines or audits.
• Strong awareness of various types of risks (Regulatory, Reputational, Financial, Operational) and their potential impact on the bank.
• Skilled in analyzing regulatory requirements and investigating compliance related issues.