Assist Compliance Manager in day-to-day operations of Egypt Compliance unit, ensuring compliance to Bank's AML/KYC policies/procedures and Regulatory requirements in Egypt (CBE).
Assist Compliance Manager in supporting the business by providing Compliant solutions to regulatory obstacles and intervene where necessary to stop a transaction/process/business proposal.
The role of Assistant Compliance Manager is not just restricted to monitoring compliance to statutory regulations/guidance notes issued by CBE &/or other regulatory authorities - the Assistant Compliance Manager must pro-actively and promptly escalate any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by either CBE or any other regulatory authority.
Assist Compliance Manager in implementation of Compliance initiatives in Egypt - as may be determined/guided by HO-Compliance from time-to-time
Key Results Areas
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.
Ensure Bank's internal procedures/policies remain compliant with regulations/changes providing guidance/advice to Branch Management as necessary.
Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
Assist in communicating all Regulatory Notices/Circulars to all concerned areas, providing accurate Arabic/English translations as necessary.
Assist in developing/maintaining/updating the local Compliance/AML Manual and ensuring a copy is provided to all Branch Staff.
Assist in AML/Compliance Training programs to all Egypt staff on an ongoing basis as required/necessary (including new staff within 3 months of joining) to raise awareness and ensure all staff understand their responsibilities/obligations with regard to Corporate/AML Policies and regulatory/legal/statutory requirements, etc.
Ensure AML-Staff Declaration Forms are completed by all Egypt Staff.
Assist in encouraging a strong compliance culture/environment in Egypt branches.
Assist in preparation of all Reports/MIS/MERs on issues of Compliance/AML and ensure that same are provided in a timely manner to the Country Manager and HO-Compliance, as well as any reports that are required by CBE/other regulators any critical issues to be promptly escalated.
Assist in ensuring that all Egypt Product Programs, SOPs etc. are in compliance with CBE requirements as well as MashreqBank AML/KYC Policy - and that transactions are monitored accordingly.
Assist in developing & administering the AML reporting network across Egypt Branches to ensure it is working effectively and propose changes/highlight issues as necessary.
Assist in analyzing suspicious transactions reported by units/branches, undertake investigations where required, and submit (as appropriate) STR (Suspicious Transaction Report) to CBE in a timely manner with complete and accurate information.
Assist in responding in a timely manner to Compliance/AML related queries/investigations of CBE/HO/Other Regulators/Law Enforcement Agencies, as well as provide expert guidance to branches/units upon referrals/queries.
Ensure implementation of Customer Screening through World-Check & other Negative Lists provided by HO/CBE across all business segments in Egypt.
Provide all required assistance in driving the implementation of SAS AML System for Egypt ensuring any mapping/scenario/parameterization issues in Egypt environment are appropriately resolved in a timely fashion, coordinating with all units/areas in Egypt and HO as necessary.
Once the SAS AML System has been implemented, ensure alerts are monitored on an on-going basis with timely investigation/closure and recommend any changes to scenarios/parameters as may be appropriate in Egypt environment.
Ensure all transactions under any subsequent/new product launches in Egypt are appropriately mapped/covered in the SAS AML System
Knowledge, Skills And Experience
Around 10 years of experience in banking out of which 5-6 Years in Compliance - AML
Professional qualification in business / commerce / economics / law.
Sound knowledge of international banking law / practice and products / services.
Specific and / or transferable knowledge / experience related to compliance / AML / Central Bank regulations.
Team player and participation experience in variety of banking initiatives and solutions.
Excellent decision making ability and administrative and interpersonal
Computer literate and strong command of written and spoken English and Arabic (both are essential).
