Senior Manager- Compliance Testing

11 سبتمبر، 2022

0 5 دقيقة واحدة

Job Description

Job Purpose:
Responsible for monitoring bank&rsquos compliance with laws, ministerial resolutions and applicable regulatory instructions.
Job Accountabilities:
Compliance Management
Bank wide CBK Communication & Disclosure
Help arranging, organizing and delivering responses to Central Bank of Kuwait / Capital Markets Authority inquiries
Perform independent assessment to the bank respective divisions / business functions and validate the level of compliance within the bank
Help in the execution of internal compliance review plan and obtain bank&rsquos status on compliance adherence
Conduct independent assessments of regulatory compliance of departments / divisions (as planned)
Ensuring the regulatory non compliances are reported to the appropriate level of management on a timely basis
Follow-up on appropriate corrective action in case of an identified compliance failure
Review new products prior to seeking Central Bank approval
Make recommendations whenever necessary in order that laws & regulations or supervisory requirements are being complied with
Build a regulatory compliance function in line with CBK & CMA requirements
Development of compliance framework for Gulf Bank
Generic
1. Full compliance with regulations, laws, rules, practices
2. Conducting effective independent assessments of regulatory compliance of departments / divisions
3. Effective compliance report:
a. Summary of compliance assessments conducted
b. Summary of all outstanding non-compliance issues
c. Annual report on the compliance activities performed
4. High quality effective advice on compliance matters to the business group
5. Effective coordination with various departments (especially finance & investment) to prepare disclosure materials to KSE & CMA
Education & Qualification:
Bachelor&rsquos degree in accounting, Finance.
Knowledge:
Good knowledge of banking industry and compliance management
Experience:
5 – 7 years experience in Banking industry