Manager Compliance Assurance
Mashreq
Date: 7 hours ago
City: Remote
Contract type: Full time
Remote
Job Purpose:
- Contribute to development an effective Assurance framework within Compliance.
- Provide assurance to Compliance Senior Management on the effectiveness of the Compliance Program.
- Collaborate with other Compliance verticals to ensure that internal controls are working effectively.
- Oversight on key compliance risk to ensure that the provision of the regulations, standard/procedures are met.
- Pro-actively and promptly escalate any critical issues within Compliance and/or Business to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities
Responsibilities:
- Assist in development and implementation of an effective independent Quality Assurance framework across Compliance Function including international locations.
- Execute periodic reviews as part of monitoring & testing to ensure Bank’s internal procedures/policies remain compliant; providing guidance as necessary.
- Conduct independent validation of Compliance Systems (Screening / Payment / Transaction Monitoring system)
- Track implementation of recommendations & regularization of exceptions, if any, identified during periodic assessments.
- Exchange insights and best practices.
- Provide necessary guidance to other compliance units in finalizing the relevant procedures of their respective unit.
- Assist Head Office Compliance in annual review & update of Compliance Policies – Banks’ AML/ KYC/ Sanction and ABC Policy.
- Promote positive compliance culture across the Bank. Track adherence to planned trainings submitted by ECFs. Also, liaise with ECFs to ensure that learnings from periodic assessments / regulatory updates are incorporated in training materials(as necessary).
- Assist Unit Manager & Group Head of Compliance in the implementation of strategic initiatives.
- Represent Compliance in any project as directed by Unit Manager/ Head of Compliance.
Operating Environment, Framework and Boundaries, Working Relationships:
- Operates in complex environments that are characterized by diverse local and international regulations; thus requiring multi-jurisdictional knowledge.
- In-depth familiarity with banking law and practices as well as Bank’s policies and procedure and systems.
Problem Solving:
- Analytical thinking is 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.
- Efficient and logical approach to problem solving.
Knowledge, Skills and Experience:
- Graduate with 10+ years of banking experience, with at least 5 years of experience in Financial Crime including Sanctions Compliance.
- Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- Excellent and up-to-date knowledge and understanding of the International/OFAC/EU/UN Sanctions.
- Technical knowledge of Screening Filters used for customer screening and payments filtering and Transaction Monitoring System.
- ACAMS Certified/other recognized certification.
- Organizational awareness including working knowledge or risks, products, processes and controls.
- Computer literate with good knowledge of MS Excel and Compliance systems/applications.
- Good command over spoken and written English.
- Good presentation skills.
- Contribute to development an effective Assurance framework within Compliance.
- Provide assurance to Compliance Senior Management on the effectiveness of the Compliance Program.
- Collaborate with other Compliance verticals to ensure that internal controls are working effectively.
- Oversight on key compliance risk to ensure that the provision of the regulations, standard/procedures are met.
- Pro-actively and promptly escalate any critical issues within Compliance and/or Business to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities
Responsibilities:
- Assist in development and implementation of an effective independent Quality Assurance framework across Compliance Function including international locations.
- Execute periodic reviews as part of monitoring & testing to ensure Bank’s internal procedures/policies remain compliant; providing guidance as necessary.
- Conduct independent validation of Compliance Systems (Screening / Payment / Transaction Monitoring system)
- Track implementation of recommendations & regularization of exceptions, if any, identified during periodic assessments.
- Exchange insights and best practices.
- Provide necessary guidance to other compliance units in finalizing the relevant procedures of their respective unit.
- Assist Head Office Compliance in annual review & update of Compliance Policies – Banks’ AML/ KYC/ Sanction and ABC Policy.
- Promote positive compliance culture across the Bank. Track adherence to planned trainings submitted by ECFs. Also, liaise with ECFs to ensure that learnings from periodic assessments / regulatory updates are incorporated in training materials(as necessary).
- Assist Unit Manager & Group Head of Compliance in the implementation of strategic initiatives.
- Represent Compliance in any project as directed by Unit Manager/ Head of Compliance.
Operating Environment, Framework and Boundaries, Working Relationships:
- Operates in complex environments that are characterized by diverse local and international regulations; thus requiring multi-jurisdictional knowledge.
- In-depth familiarity with banking law and practices as well as Bank’s policies and procedure and systems.
Problem Solving:
- Analytical thinking is 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.
- Efficient and logical approach to problem solving.
Knowledge, Skills and Experience:
- Graduate with 10+ years of banking experience, with at least 5 years of experience in Financial Crime including Sanctions Compliance.
- Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
- Excellent and up-to-date knowledge and understanding of the International/OFAC/EU/UN Sanctions.
- Technical knowledge of Screening Filters used for customer screening and payments filtering and Transaction Monitoring System.
- ACAMS Certified/other recognized certification.
- Organizational awareness including working knowledge or risks, products, processes and controls.
- Computer literate with good knowledge of MS Excel and Compliance systems/applications.
- Good command over spoken and written English.
- Good presentation skills.
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Accountant
Evernex,
Remote
3 days ago
OUR MISSIONAt Evernex, we believe millions of IT parts thrown away each year deserve a second life. That’s why we step in and give them a new purpose. From hospitals to banks to airports, we ensure critical systems stay operational while helping businesses reduce costs and minimize environmental impact.With teams across the world — from Paris to Melbourne, Dubai to...
Team Leader - CIBG Ops - CCAM.COE Pak - Corporate Operations - Trade CAM.Operations Group-PAKCOE
Mashreq,
Remote
2 weeks ago
Job Title: Team Lead – CIBGJob PurposeProvide value-added operational support and oversight for CCAM activities within CIBG, including Corporate Account Opening, Account Maintenance, Mandate and Signatory Management, KYC and other account management activities.Ensure all customer requests are processed efficiently, accurately, and in compliance with regulatory requirements, internal policies, operating procedures, and service level agreements, while maintaining high levels of customer...
Brand Champion - Infrastructure Software
Zones IT Solutions,
Remote
2 weeks ago
DescriptionCompany Overview:When it comes to IT solution providers, there are a lot of choices. But when it comes to providers with innovative and differentiating end-to-end service offerings, there’s really only one: Zones – First Choice for IT.TMZones is a Global Solution Provider of end-to-end IT solutions with an unmatched supply chain. Positioned to be the IT partner you need, Zones,...
