International Bank in DIFC:
Key Responsibilities
- Participate in the implementation of the bank's compliance control organization (policies, procedures, systems & controls).
- Participate in the strengthening of the governance of the Compliance function, including but not limiting to regulatory watch and participation in local and global projects and innovation initiatives.
- Issue compliance and financial security opinions on compliance risks related to counterparties and transactions.
- Investigate alerts and make decisions on the dispensation of the alerts.
- Perform controls to assess effectiveness of the compliance risk management framework.
- Provide guidance and feedback to operational and middle office staff performing first level controls on transactions and KYC's.
- Maintain close contact across internal departments in order to anticipate and proactively address compliance issues as well as disseminate compliance culture.
- Contribute to the staff training program in relation to compliance topics.
- Support the Compliance Manager to assess the compliance impact of new products and activities and issue compliance opinions.
- Maintain an updated knowledge of changing compliance policies and regulatory requirements and support the Compliance Manager to assess impact on policies and processes.
- Support the Compliance Manager in regulatory interactions, including reporting requirements and other correspondence.
- Organize the compliance committees including information packs, and represent the compliance function in other control committees as assigned.
- Provide back-up to other members of the team during absences
Qualifications
Bachelor's degree minimum.
Experience
Between 2-5 years of experience in the wholesale / corporate / private banking segment within a major international bank preferably with exposure to multiple jurisdictions, including at least 2 years in an independent compliance function – though experience in compliance related positions or other control functions (e.g. Risk) may also be considered.
Experience in the Middle-East region is required.
Skills
Technical Skills
- Financial security (AML/Sanctions) risk assessment
- Knowledge of and experience in the main activities of investment and corporate banking services
General Skills
- Analytical and communication skills required as well as the ability to cooperate/work effectively across disciplines.
Language Skills
- Must be completely fluent in Arabic and English (written and spoken).
