Role Summary
This Position forms an integral part of the Banks 2nd Line of Defence. The incumbent will also be performing regular and comprehensive compliance risk assessments according to the approved compliance plan. The incumbent will be required to report on a regular basis on compliance identified breaches and corrective actions taken, as applicable.
Under direction of the Assistant Vice President - Regulatory Compliance, draft the Scope of Regulatory Compliance oversight as part of the annual plan and adhere to the plan by performing reviews and following up on outstanding actions. The incumbent will support & promote a strong compliance culture throughout the Branch through their actions.

Role Description

• Determine the processes and sub-processes applied at the branch, including input, processing and output.
• Perform an end-to-end review of each process and determine relevant risks and controls.
• Undertake root-cause analysis to address and mitigate the identified risks and recommend adequate remedial action.
• Facilitate controls gap analysis, remediation planning and testing for all business units.
• Ensure that the controls are efficient and effective, thus maintaining risks at an acceptable level.
• Ensure that the processes are in compliance with regulatory requirements and best practices, at governance, oversight and operational levels.
• Provide counsel and advice to the various functions in view of enhancing the branch’s control structure.
• Review the branch’s policies, procedures and systems, before implementation, in order to assess the inherent risks, determine sufficiency of controls, and convey approval.
• Undertake a continuous Control Self-Assessment exercise.
• Maintain an updated Compliance Risk Register detailing the determined Compliance risks.

Qualifications
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University graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)

• At least 6 years of relevant experience, preferably in banking within a highly rated international bank.
• Excellent oral and written communication skills (including report writing) in English; with Arabic, French or applicable local language highly desirable
• Awareness of branch customer relationship practices and regulations.
• Ability to follow through with initiatives.
• Planning, organizing ability.
• Ability to work with teams from diverse cultural backgrounds.

• Determine the processes and sub-processes applied at the branch, including input, processing and output.
• Perform an end-to-end review of each process and determine relevant risks and controls.
• Undertake root-cause analysis to address and mitigate the identified risks and recommend adequate remedial action.
• Facilitate controls gap analysis, remediation planning and testing for all business units.
• Ensure that the controls are efficient and effective, thus maintaining risks at an acceptable level.
• Ensure that the processes are in compliance with regulatory requirements and best practices, at governance, oversight and operational levels.
• Provide counsel and advice to the various functions in view of enhancing the branch’s control structure.
• Review the branch’s policies, procedures and systems, before implementation, in order to assess the inherent risks, determine sufficiency of controls, and convey approval.
• Undertake a continuous Control Self-Assessment exercise.
• Maintain an updated Compliance Risk Register detailing the determined Compliance risks