Senior Officer – Compliance Assurance

Job Purpose

To support in planning and executing Compliance Assurance assignments in accordance with the Department’s annual plan and methodology to review Compliance units’ processes and provide reasonable assurance of adherence to CBUAE & other relevant regulatory authorities.

Key Responsibilities

Conducts compliance assurance reviews of the Compliance department from a regulatory compliance perspective, and to execute the Compliance Assurance review annual plan within the approved timelines to provide reasonable assurance over the control environment implemented by different areas of the business and supporting functions to manage and mitigate regulatory risks.

Review and check that the compliance units’ procedures and system controls are up-to-date, in line with regulatory requirements and internal bank policy.

Timely communication of the compliance review observations to the line manager and highlight the most significant issues that require immediate attention.

Ensure the obtaining of sufficient evidence and correctly documenting the evidence to support the Compliance Assurance testing results.

Ensure to track reported issues throughout the resolution and validate the closure evidences to ensure that the remedial and mitigating actions have been completed as appropriate.

Provide trend analysis, highlight key risk indicators, and provide required management information to support business decisions, action plans, and any required enhancements.

Maintains strong relationships with stakeholders to drive constructive discussions and highlight risks to the relevant area/activities.

Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation

Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.

Competencies/Skills

Education

Bachelor’s degree in finance, professional certificate in Compliance preferred i.e. ACAMS or ICA.

Work Experience

Minimum 3-4 years

Technical Competencies

Advisory and Support, Bank Systems Knowledge, Compliance Due Diligence Process, Compliance Review and Improvement, MIS Generation and Analytics, Quality Assurance, Sharia Principles of Islamic Finance, Banking Products, Services and Operations Knowledge, Regulatory and Compliance Knowledge, Risk Concepts and Control