Head of Regulatory Compliance

Job Details

The incumbent will be instrumental in ensuring bank fulfills its regulatory obligations towards local and international regulators. The role holder will be a critical resource to ensure the overall culture of compliance is improved and the framework which underpins regulatory compliance is robust and fit for purpose.

Roles/Responsibilities:

  • Assist the Head of Compliance in ensuring that all controls required under the purview of regulations are embedded within the bank’s processes to avoid regulatory breaches
  • Oversee periodic reviews and assessments of key controls, ensuring their quality and effectiveness in managing financial crime risks
  • Provide valuable inputs to training and development programs to ensure stakeholders at all levels understand Compliance risk
  • Conduct periodic Compliance Monitoring to ensure adherence to policies and regulations and develop reporting metrics for senior management
  • Implement the monitoring and testing program, providing strategic direction for future reviews in collaboration with the Head of Compliance
  • Lead and motivate a team to achieve targets and maintain customer satisfaction

Education:

  • Holder of a Bachelor Degree 
  • ACAMS/equivalent certification in Compliance, e.g. ICA, CCL, CFE 
  • Knowledge of AML, OFAC, Sanctions and key CBUAE regulations 
  • Knowledge of AML, OFAC and Sanction regulations

Experience:

  • At least 8-10 of related experience in banks in Regulatory Compliance, AML/CFT, KYC & sanctions Compliance, Compliance Monitoring and quality Assurance
  • Minimum 5 years of managerial experience