Regulatory Officer

JOB SUMMERY:

Responsible for ensuring that bank complies with regulatory requirements, internal policies, and group norms

Duties and Responsibilities:

-Providing the Compliance opinion to all Lines of business with regards to all compliance requirements to ensure adherence to relevant regulations.

-Ensuring that bank maintains comprehensive compliance and internal control risk assessments program.

-Assessing bank products and services risks from compliance perspective to ensure regulatory requirements are in place.

-Monitor compliance with laws, regulations, and internal policies.

-Reviewing communications and advertising to ensure there are no violations of group norms and/or related regulations.

-Reviewing and/or modifying policies or operating guidelines to comply with changes to environmental standards or regulations.

-Show awareness of the regulations, perform a regulatory watch and be able to implement the regulations.

-Be aware of the regulatory environment and its different actors and keep up to date with regulations and their development.

-Assist in preparing the related regulatory reports or presentation.

-Assist in performing the gap analysis of regulatory commitments and required changes.

-Drafts, implements, and updates Compliance standard requirements and procedures

-Expresses compliance opinions for customers or transactions with varying profiles in terms of Regulatory risk.

-Provides advice to the relevant management and recommends solutions.

-Performs a regulatory watch and analysis, which also applies to internal and external standard requirements.

-Drafts, implements, and updates Compliance standard requirements and procedures.

-Raises awareness, informs, and trains employees; participates in the creation of training materials and dissemination of the compliance culture

-Follow the day-to-day operations related to own jobs in the department and preparing requested reports to ensure continuity of work. Ensure being innovative, initiative and recommend new approaches related to own jobs.

-Follow and implement all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner

-Comply with all relevant CBUAE regulations, banking laws, AML/CFT regulations and internal policies and code of conduct in order to maintain BMUAE sound legal position and mitigate any potential risks.

Job Competencies and Skills:

• Attention to details.
• Risk assessment capabilities.
• Ability to communicate effectively.
• Flexibility and ability to adapt to change.
• Analytical skills.
• Critical problem-solving ability.
• An ability to analyze and interpret information and take the proper decision

Qualifications and Experience

- Bachelor’s degree in commerce, business administration or any related discipline

- Min of 1-3 years of experience in the banking relevant sector

- Excellent knowledge about banking operations and sanction regulations

Must have UAE Residency