Are you a law graduate/ legal professional looking for job opportunities as a Lead in Compliance? This opportunity might be of interest to you!
About:
More than half a century old, Mashreq proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, they pioneer key innovations and developments in banking and financial services.
Role:
Lead- Compliance
Qualifications:
- Around 5-6 years of experience in banking and / or relevant fields, e.g. law, commerce, risk etc. A strong sales/operational background would also be very useful.
- Professional qualification/certification in compliance example: ACAMS or AAMLP or CAMLP
- Basic understanding of international banking law / practice and products / services.
- General overview/knowledge / experience related to compliance / AML / Central Bank regulations.
- Ability to plan/organize
- Commitment to results
- Ability to influence & negotiate
- Decision making ability
- Team player and participation experience in variety of banking initiatives and solutions.
- Good decision making ability and administrative and interpersonal skills
- Proficiency in Excel and Mircrosoft Office with strong command of written and spoken English.
Responsibilities:
- Maintain ongoing awareness/knowledge of regulations set by the Financial Services Regulator and interpret the same to the relevant units within the organization to ensure adherence.
- Support the team & Head Of IBG Compliance during the day-to-day operations of the unit, ensuring compliance to Regulatory requirements and Mashreq’s AML/KYC policies and procedures.
- Support the team in assisting business areas to achieve their business goals while adequately addressing Compliance-related issues so that the Bank is not overexposed to regulatory, reputational or other risks.
- Extend support to business units by providing compliant and workable solutions to regulatory requirements and intervene wherever necessary to stop a transaction/process/business proposal.
- Assist the Compliance Team in pro-actively and promptly escalating any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by the local regulators or any other regulatory authority.
- Support the Compliance Team in the implementation of Compliance initiatives or special Projects.
Key Result 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.
- Assist the Head of Compliance in ensuring Bank’s internal procedures/policies remain compliant with regulations/changes and providing support to the relevant stakeholders as and when necessary.
- Maintain a pro-active relationship with business, facilitating timely involvement to ensure compliant/workable solutions to business issues.
- Assist the Head Of Compliance with Internal/External Reviews
- Provide support for the enhanced due diligence process followed on high risk relationships prior to account opening and provide decisions according. Review proposals on high risk relationships and ensure that all risks are appropriately highlighted.
- Assist occasionally on specific local regulatory/other projects re ad hoc projects, business & compliance initiatives, trouble-shooting and relevant system updates.
- Review the eNameChecker referrals from branches/enabling functions/operation and provide Compliance feedback in accordance with the bank policies/ respective regulations
- Review the AML/Wolfsberg Questionnaires received from FIs and provide feedback.
- Providing support to other compliance staff members in their respective areas as and when required.
- Assist the team in garnering a strong compliance driven culture/environment within Business Groups/ Divisions.
- Provide support in preparing reports/MIS on issues of Compliance/AML and ensure that same are submitted in a timely manner to HO-Compliance.
- Prepare the Regulatory Reports for accuracy and assist to ensure that the same are submitted to the Regulators in a timely manner after being vetted by the relevant Compliance Manager.
- Assist the Head Of Compliance in providing seamless support to the relevant regulators – any critical issues to be promptly escalated.
- Assist in the compliance related projects/UATs as and when required and ensure that they are successfully completed within the required time frame.
- Operates in complex environments that are characterized by diverse local and international regulations; thus requiring multi-jurisdictional knowledge.
- Familiarity with banking law and practices as well as MB policies and procedure and systems.
- Working relationship at all levels requires good inter-personal skills and the ability to influence without authority, sell solutions and develop relationships – within Bank and Regulatory Authorities.
- Analytical thinking and educative judgement are required because of the complex and unique nature of customer / country / regulations / systems or a combination.
- Clear understanding of business transactions, initiatives and relationship requirements with close coordination with relationship team without losing focus on risk, regulations and control issues.
- Regulatory, compliance and AML requirements coming from various countries would require an understanding of international best practices.
- Contribute in the development of product, systems policies and procedures related to compliance and AML at bank-wide level.
- Maintain and develop relations with Business Units and other stakeholders.
- Responsible for administrative and office support.
How to Apply:
Interested candidates can Apply here (click here)
