Regulatory Operations Operator

Job Description

Location: Saudi Arabia, RiyadhFull / Part time: Full timePermanent / Temporary: Permanent contractCorporate Title: Analyst / AssociateReporting Line to: Operation ManagerStart Date: As soon as possibleRegulatory Operations OperatorYour RoleThe Regulatory Operations Analyst, in partnership with stakeholders, is accountable for defining and implementing procedures which provide regulatory operations services for various divisions of the bank and its group entities. Key responsibilities are to work with the bank?s regulatory team to translate regulation into operational processes/procedures assisted with the required development to the bank?s information technology infrastructure; many of the processes are time critical due to regulator stipulated timelines and other deadlines so ensuring completeness is essential.The Regulatory Operations Analyst may have responsibilities in relation to trade surveillance across all of the banks five asset classes and contribute to vendor governance and management. Transformation and innovation is a main function when translating regulator requests into system ready changes. They are required to undertake analysis, documentation, testing and some project management skills - all with the focus on risk mitigation, while adhering to local, regional, global compliance policies and external regulatory requirements applicable to the bank.Your responsibilitiesReconciliation:

• Monitoring daily Cash and TF reconciliation.
• Following up on issues relating to reconciliation.
• Maintain appropriate files, reports, documentation, and data.
• Be the first point of contact between Business and Operations

Static Data:

• Handling client documentation with scanning and filing physical documents.
• Liaising with key partners and stakeholders i.e Compliance, Business, and relevant teams within GTO.
• Provide data related to reconciliation and clints numbers to Finance.
• Monitoring dormant and Nil accounts.

Regulatory Reporting:In accordance to the Central Bank (SAMA) Deutsche Bank (DB) is required to respond to SAMA inquiries and take action as requested through an electronic platform (SAMAnet-Tanfeeth and Watheeq), physical letters and emails. There is an obligation to perform client relation, transaction, and documentation checks. These checks and reviews are made in strict accordance with SAMA requirements and the Bank?s internal policy.Others:

• Build and maintain effective relationships with business lines, Compliance, Credit, Management, and other Back Office areas.
• Maintain regular face to face contact with Compliance.
• Ensure all MIS meets business, regulatory and internal reporting expectations.
• Recognize any key emerging risks that may exist within the scope of regulatory enquiries and work with relevant parties to ensure they are flagged and mitigated.
• Report any concerns or suspicious related to financial crimes to local compliance head.
• Provide support to project teams including FATCA / KYC.

Candidate requirements:

• Minimum of 2-5 years of business experience.
• University education.
• Energetic and capable of multi-tasking in a fast-paced environment.
• Willing to continuously invest in learning/training to stay abreast of constantly changing industry trends / client requirements and newer products /processes.
• Strong communication skills essential for interacting at all levels across business disciplines, regions and branches.
• Strong problem solving skills/ability to hold clear and concise conversations with internal and external business partners.
• Highly organized individual with attention to detail and excellent ability to execute on deliverable.
• Good understanding of Regulatory & Compliance , internal Risk & Control framework.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, ethnic, color, sexual orientation or disability.We guarantee that your application will remain anonymous and be treated confidentially.Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.Our values define the working environment we strive to create ? diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.Click here to find out more about our diversity and inclusion policy and initiatives.

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