Maintain ongoing awareness / knowledge of all regulations set by the Central Bank of the UAE and interpret the same to the relevant units within the organization to ensure adherence.
Support the team & Compliance Manager during the day-to-day operations of the unit, ensuring compliance to Regulatory requirements and Mashreq’s AML / KYC policies and procedures.
Support the Compliance Manager in Assist business areas to achieve their business goals while adequately addressing Compliance-
related issues so that the Bank is not overexposed to regulatory, reputational or other risks. Extend support to business units by providing compliant and workable solutions to regulatory requirements and intervene wherever necessary to stop a transaction / process / business proposal.
The role of the Compliance Officer is to assist the Compliance Manager in pro-actively and promptly escalating any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by either UAE CENTRAL BANK or any other regulatory authority.
Support the Compliance Manager in the implementation of Compliance initiatives in RBG & CIBG- as may be determined / guided by HO-
Key Result Area
Maintain ongoing awareness / current knowledge of all applicable internal / external compliance requirements and existing / emerging legal / statutory / regulatory environment identifying any issues that could impact the bank.
Assist the Compliance Manager in ensuring Bank’s internal procedures / policies remain compliant with regulations / changes and providing support to the relevant stakeholders as and when necessary.
Maintain a pro-active relationship with business, facilitating timely involvement to ensure compliant / workable solutions to business issues.
Assist the Compliance Manager to develop / maintain / update the KYC / AML Policy, as and when required / requested.
Assist the Compliance Manager to develop and impart Compliance, KYC and Sanctions related training programs (in conjunction with MLS) to all business group staff on an ongoing basis and as and when requested / necessary (including new staff within 3 months of joining) to raise awareness and ensure all staff understand their responsibilities / obligations.
Provide support for the enhanced due diligence process followed on businesses classified as high risk prior to account opening / credit proposals and provide decisions according.
Review proposals on high risk relationships especially cases that are escalated to Senior Management / Business Group Head and ensure that all risks are appropriately highlighted for sign-off.
Manage the Central Bank Bad Cheque monitoring list and ensure that it is timely updated in the eNameChecker / Referral lists
Review the eNameChecker referrals from branches / enabling functions / operation and provide Compliance feedback in accordance with the bank policies / CB regulations
Providing support to other compliance staff members in their respective areas as and when required.
Assist the Compliance Manager in garnering a strong compliance driven culture / environment within Business Groups / Divisions.
Provide support to Assistant / Manager Compliance in creation of reports / MIS / MERs on issues of Compliance / AML and ensure that same are submitted in a timely manner to HO-
Compliance after being vetted by the Compliance Manager.
Support the team & Compliance Manger to create the Regulatory Reports for accuracy and assist to ensure that the same are submitted to the Regulators in a timely manner after being vetted by the Compliance Manager.
Assist the Compliance Manager in providing seamless support to the regulator-The Central Bank of the UAE during their onsite / offsite visits and ensure that any / all reports that are required by UAE CENTRAL BANK / other regulators are in place and available at all time any critical issues to be promptly escalated.
Support the implementation of Customer Screening through World-Check & other Negative Lists provided by HO / UAE CENTRAL BANK across all business segments in business group.
Assist in the compliance related projects / UATs as and when required and ensure that they are successfully completed within the required time frame.
Knowledge, Skills and Experience
Around 3-4 years of experience in banking and / or relevant fields, e.g. law, commerce, risk etc. A strong sales / operational background would also be very useful.
Professional qualification in business / commerce / economics / law.
Basic understanding of international banking law / practice and products / services.
General overview / knowledge / experience related to compliance / AML / Central Bank regulations.
Commitment to results
Ability to influence & negotiate
Decision making ability
Team player and participation experience in variety of banking initiatives and solutions.
Good decision making ability and administrative and interpersonal skills
Computer literate and strong command of written and spoken English. Arabic is an advantage
Audit Fraud and Compliance Group
May 30, 2018