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Compliance Officer (3 Months Temporary Contract)

3.00 to 8.00 Years   Dubai, United Arab Emirates   19 Sep, 2019
Confidential Company
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryBanking
Functional AreaNot Mentioned

Job Description

The purpose is to advise the business functions on the queries and help streamline the business. Acting as the focal point in fulfilling compliance responsibilities, ensuring that adequate compliance procedures exist which provide reasonable assurance that all areas comply with applicable laws and regulations, and Bank?s ethical standards.?Key Responsibilities/Output ExpectedMonthly and Yearly Reporting: Gathering the requested information/ dump data and preparing the following monthly and yearly and submit it on the due date without any fail. These report are: Dashboard, ERMC report, CRS report, and RCSA report.Authorized Signatory: Authorized signatory addition, deletion, or change in our records and on the CBUAE website. This activity is done as and when which needs to be updated as requested by the business.Central Bank Regulations: ?????

  1. Maintaining all incoming and outgoing CB circulars in the shared drive.
  2. Compliance related communications are received, logged and tracked in an effective and timely manner. Communicated within the same day.
  3. All new regulation needs to be added in the RIM (Regulatory Inventory Matrix)
  4. Corresponding with Central Bank for approvals such as new branch opening, branch maintenance, new ATM, etc.
  5. Ensure of timely and properly followed up by compliance team and escalate cases of high compliance risk to CCO and/or business senior management
  6. To be aware about and have knowledge of all Central Bank regulation till date.
Perform Key Control Self-Assessment for the compliance department on monthly, quarterly, half yearly and yearly basis.Compile monthly, quarterly, annual, and ad hoc Compliance reports for management review.Standard operating procedure review from Compliance perspective.Manage the Central bank audits, Bank Internal audits and special audits conducted to ensure effective controls and systems are in line with the regulations and the Banks internal policies.Assist the Senior Compliance Manager in Promoting & cultivating the culture of compliance with AML/CTF requirements within the bank and its subsidiaries to ensure safe and clean business operations.Ensure bank complies with local regulatory and international requirements of Compliance, AML & CTF authorities along with sanctions program.Monitoring & Tracking Risk Control Matrix (RCM): Implement Risk Based monitoring program in line with annual Regulatory Monitoring mechanism approved by management.Bounced Cheque Reporting: Responsible for reviewing Corporate, Priority and individual accounts with 4 or more cheque returns and taking appropriate action accordingly. These 4 cheque return queries are received through email and through I-connect for both individual accounts and company accounts. Every month, we have to compile the 4 or more bounced cheque report with the respective CB Reference number and send it to Central Bank.Professional Attitude & Improvement and Work Punctuality: To incorporate high team spirit in the unit, team work among colleagues without conflicts. Being efficient towards work and improving the ways of concluding the given task as within the specified TAT.

Keyskills :
ComplianceBankingRisk AssessmentCRSAML

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