Chief Compliance Officer

Job Description : CHIEF COMPLIANCE OFFICER UAE To facilitate business and assist senior management by ensuring that the bank operate in accordance with all regulatory and legal requirements so as to protect and enhance the reputation of the bank with their regulators and avoid significant financial loss. Principal Accountabilities: Develop and maintain corporate compliance policies and establish compliance review procedures. ? Support Business Heads to ensure that they establish and monitor appropriate arrangements for meeting legal and regulatory obligations and high standards of conduct in their businesses, in accordance with Compliance Policies. ? Promote and oversee the implementation of policies on compliance issues that are material to the bank. ? Review the business' compliance monitoring activities in accordance with a plan agreed. ? Assist the Bank and Management in understanding and addressing all applicable laws and regulations. ? Minimise chances of penalty by CB / other regulatory authorities against regulatory non-compliance including AML ? Review various system generated control reports and request/recommend necessary corrective action ? Evaluate the efficiency and sufficiency of control reviews and revise them if necessary. ? Ensure Nostro / CB reconciliations are done regularly and outstanding items followed up for resolution ? Supervise the management of regulatory problems arising from alleged or actual breaches of regulatory requirements or ethical standards, where there is a material risk to the reputation of the bank, so as to avoid/ minimize damage to the reputation. ? Ensure that AML Screening/Monitoring Systems are working effectively to detect possible suspicious activity or involvement of any blacklisted person/entity/country ? Direct the activities of the bank's compliance staff and liaison with regulatory agencies, internal and external advisors, and other internal control groups on compliance related issues. ? Works closely with management to establish an appropriate compliance culture throughout the bank including the development of specialized training programs. ? Ensure that Enhanced Due Diligence & STR filing procedures are followed on accounts with suspicious activity. ? Guide, direct, train and motivate subordinates to perform consistently high standards in a team environment Job Specifications: Degree in Economics or Finance or Business Management MBA Degree or Postgraduate qualification preferred Certified AML Specialist 15 years experience of which 5 years working at senior level or in the same position with Compliance function in UAE Banking industry International experience is a must Salary and Benefits: up to 120k AED + family benefits

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