Assistant Manager- Compliance Testing

8 نوفمبر، 2022

0 1 دقيقة واحدة

Job Description

Job Purpose
Responsible for monitoring bank&rsquos compliance with laws, ministerial resolutions and applicable regulatory instructions
Job Accountabilities
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
Ensure that Bank&rsquos staff understand and are aware of compliance and that they are aware of the compliance requirements as they relate to their respective operations
Make recommendations whenever necessary in order that laws & regulations or supervisory requirements are being complied with
Establish prompt mechanisms for reporting and resolving non-compliance to laws and regulations or supervisory requirements
Review of all new products prior to sending for regulatory authorities approval, follow-up and meet the regulator to resolve the outstanding issues, if any (as appropriate)
Build a regulatory compliance function in line with CBK & CMA requirements
Development of compliance framework for Gulf Bank.
Education & Qualification
Bachelor&rsquos degree
Knowledge
Good knowledge of banking industry and compliance management
Experience
3 – 5 years experience in Banking industry