Compliance Monitoring Officer; UAEN

Overview

The Compliance Monitoring Officer will be responsible in providing assurance that the Bank is operating in line with applicable regulatory obligations and internal Compliance policies and procedures through compliance monitoring/assurance reviews.

• Conducts monitoring/assurance reviews to assess compliance with the Regulation and Compliance Policies.
• Support in developing compliance review plan, program and monitoring/test steps translating regulatory requirements to risk-based monitoring review program/tests.
• Executes compliance review tests such as walkthrough tests, data analytics and sample reviews.
• Drafts compliance review reports highlighting compliance issues and actionable recommendations to improve processes/systems/controls to ensure compliance with applicable regulations/Compliance policies/best practices.
• Establishes and maintains positive relationships with key stakeholders including managing business unit stakeholders while conducting monitoring reviews.
• Support in logging and tracking of compliance issues.
• Support in preparation of periodic reports/dashboard to senior management/board.

• Banking Operations/
  
  Activities:
  
  Possess good understanding of key banking activities/operations.
• Regulatory knowledge:
  Possess good understanding of the UAE Federal Laws, CBUAE and SCA regulatory framework.
• Problem-Solving, critical thinking/decision-making, attention to detail:
  Ability to identify issues and develop practical solutions to ensure compliance, and to effectively conduct reviews and document working papers/reports.
• Analytical
  
  Skills:
  
  Ability to analyze processes, data, and documentation to detect gaps, anomalies, and compliance breaches.
• Communication
  
  Skills:
  
  Effective verbal and written communication to report findings and collaborate with team members.
• Data analytics:
  Proficiency in utilizing data analytical tools (e.g. Power
  
  BI, etc.) and MS office applications (Word, PowerPoint, Excel etc.)
• Team
  
  Collaboration:
  
  Working effectively with colleagues to achieve compliance objectives and support the overall goals of the bank.
• Accountability:
  Taking responsibility for ensuring compliance and being proactive in addressing potential issues.
• Adaptability:
  Being flexible and open to change, especially in response to evolving regulatory requirements.
• Continuous Learning:
  Commitment to staying updated with regulatory changes and enhancing knowledge through training programs.
• Certifications:
  
  Encouraged to obtain ICA/ACAMs/CIA/CISA certification