AVP- International Compliance

Job Description

Company DescriptionNow it?s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We?re looking for the brightest and best to help us reach our goals and we?ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.This role requires an informed and hands-on approach to understanding and managing compliance risks across all FAB international locations, including all branches, subsidiaries and representative offices; staying abreast of rapidly evolving regulatory and Compliance departmental developments in each location; driving bank wide compliance initiatives internationally; and building practical and effective compliance frameworks and processes.The role will support and oversee the Compliance departments in international locations, ensuring that Compliance programs in these locations are transparent and robust, complying with Group Compliance standards, best practices and applicable regulations.Job Specific Accountabilities

• Assist the VP, International Compliance Management Officer in discharging the following responsibilities:
• Ensure effective implementation of the Bank?s Compliance strategy and program within the international locations and ensure alignment with other interfacing departments and stakeholders

Reporting and Monitoring:

• Oversee the International Compliance locations by developing and managing an innovative reporting suite and structure, capturing themes, trends, emerging risk and performance indicators, as well as details of open risks and issues
• Oversee the establishment, in the International Locations, of fit-for-purpose compliance monitoring programs to identify, prevent, detect and correct non-compliance with applicable rules and regulations
• Act as a subject matter expert on Group Compliance Reporting and Monitoring matters and other relevant initiatives applicable to international locations

Risk and Issues ManagementMonitor progress on Groupwide regulatory and Compliance-related projects as executed across FAB?s international network. Periodically report to senior management on project status and any regulatory risks inherent in project objectives and activitiesDevelop tools to better challenge and measure risk assessment outputs, including with respect to Group Compliance?s Enterprise-Wide Risk Assessments, and the Risk Control Self-Assessment process, where International Compliance plays a dual role as process and risk owner, and as a point of independent check and challenges to businesses in the management and assessment of their own regulatory risksMonitor the lifecycle and closure of regulatory issues affecting FAB?s international network, driving issues to closure and reporting on issue status and emerging risks relating to the inability to close issues in a timely fashionMonitor audit issue closure across International Compliance. By facilitating the open sharing of information across International Compliance, provide advice to issue owners and auditees on best practice with respect to audit engagement and ensuring that risks are appropriately and sustainably mitigatedRegulation and Policy

• Support the adoption and appropriate deployment of Group Compliance policies and procedures at the country level, ensuring that FAB policy requirements are adhered to and any gaps are subject to localised action
• Monitor progress against regulatory implementation and regulatory change management across FAB?s international network, escalating actual and impending cases of possible non-compliance with laws, rules and regulations
• Develop regulatory heat maps enabling the proper focus of country and Group Senior Management on the risks of non-compliance with material requirements
• Implement and manage the Group Compliance Programme across FAB?s International Locations including the management of Compliance risks in line with Group Policies and local requirements
• Contribute to a no-surprise culture of compliance across all International Locations, promoting business accountability for regulatory risk management, proactive intervention to manage open and emerging risk, and innovative approaches to the dynamic resolution of open risk issues
• Engage in initiatives and assignments from the Head of Corporate, Commercial and International Banking Compliance and/or the Regional Heads of Compliance for the Americas, Europe, the Middle East & North Africa, and Asia
• Execute other duties as directed by the VP, International Compliance Management Officer, including deputising as appropriate

QualificationsMinimum Qualification

• Minimum Bachelor?s degree or higher in management, banking, Finance, preferably with certification in compliance

Minimum Experience

• Minimum of 5 years of experience in the Banking Industry
• At least 3 years in experience of developing new and innovative analytical solutions
• Outstanding written English, with a demonstrated ability to work with complex policy and regulatory vernacular, delivering clear and concise, business-friendly reporting prose
• A firm understanding of regulatory matters, with proven exposure to global regulations and best practices in compliance standards
• Excellent project management and administrative skills
• Strong interpersonal, people management and facilitation skills with good leadership skills.
• Ability to generate ideas, think creatively, develop innovative solutions and build effective business relationships quickly
• Team player, able to meet tight deadlines and manage challenging workload
• Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy

Keyskills :