About the job

• Main Responsibilities and Accountabilities:Be the lead CBI liaison in facilitating correspondence (including approvals and returns) between CBI and the CBUAE. This pertains to all aspects, whilst maintaining positive relationships with the CBUAE and other applicable authorities on related matters.
• Assist with CBUAE ongoing reporting and submission requirements via relevant portals (IEMS, CIR, Licensing Portal etc.).
• Cooperating and assisting during regulatory examinations, inspections, or requests.
• Assurance
• Perform targeted assurance reviews in line with the periodic CBI Assurance Plan. This includes the initiation, field work, observation and report drafting.
• Managing Regulatory correspondences, including circulating the Notices and follow-ups with stakeholders on open action items and leasing with Head of Regulatory Compliance in submitting the required feedback to the regulators when required.
• Managing Regulatory shared folder: updating regulatory tracker sheet daily (Registration of all Regulatory Notices accurately) and do the required follow-ups.
• Preparing the weekly dashboard and share it with SLT. The dashboard contains Regulatory Notices with its updates which received from the regulator during the working week.
• Assisting with FATCA/CRS obligations to ensure appropriate guidance and advice, monitoring, reporting and training is undertaken, and deadlines are met (as required). This includes being responsible for the FATCA/CRS annual reporting, including the preparation (and validation) of the customer data to be reported.
• Reviewing product programs, policies, procedures to ensure all regulatory requirements are sufficiently addressed, including highlighting risks and suggesting appropriate controls.
• Maintaining various internal compliance registers (including Compliance’s Department policies and procedures register).
• Handling CBUAE requests which received via Integrated Enquiry Management System – IEMS and Customer Information Requests-CIR.
• Preparation of regulatory compliance submissions to various governance committees (including the Compliance Committee, Management Risk Committee and Board Risk Committee).
• Assisting in developing training material on regulatory and compliance matters, in accordance with the annual Training & Awareness Plan and ad hoc training (if required on a ‘trigger event’-basis).
• Supporting Head of Regulatory Compliance/ Head of Compliance with the implementation of the Consumer Protection Implementation Program across CBI
• Performing any other duties or responsibilities consistent with the role as assigned by the Head of Regulatory Compliance/ Head of Compliance.

• Minimum Qualifications:Tertiary education with a Bachelor’s degree as a minimum.

• Professional / Technical Qualifications / Diplomas:Any Compliance qualification or certification, such as ACAMS and /or CFCS certifications or any.
• Other relevant AML/ Compliance qualifications from an internationally recognized body will be considered as an advantage.

• Minimum Experience:Minimum 5 years' experience in a banking / financial institution environment of which 3 years’

experience should have been in Regulatory Compliance or similar.

• Other Skills Required for the Job:In depth knowledge of CBUAE and other related AML / CTF regulations
• Analytical, problem solving and decision-making skills
• Attention to details
• Independent and self-starter
• Organizing skills
• Strong team player
• Good written and oral communication skills

… more