Asset Management, Compliance Manager MENA

HSBC; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading global bank in the United Arab Emirates is seeking a Compliance Manager to oversee compliance responsibilities for Asset Management in the MENA region. The role involves supporting regulatory compliance initiatives, managing relationships with regulatory authorities, and enhancing the compliance function to meet business growth objectives. The ideal candidate should have significant experience in compliance and risk management within financial services.

Qualifications

• Experience in compliance and risk management functions.
• Strong understanding of local regulations and compliance policies.
• Ability to work collaboratively with senior executives.

Responsibilities

• Support development of risk management and compliance functions.
• Manage relationships with regulatory bodies in MENA region.
• Provide compliance guidance to business line managers.

Skills

Risk management

Regulatory compliance

Stakeholder management

Financial crime compliance

Job description

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Role Purpose:
The Compliance Manager will provide support to the Asset Management (AM) MENA Chief Risk and Compliance Officer (CRCO) in owning 2nd line Compliance responsibilities relating to AM MENA. The purpose of the role is to support the effective identification, assessment, management, monitoring, and mitigation of Risks and ensure that all legal and regulatory requirements are met for AM MENA.

Duties & Responsibilities:
•Supports the development and implementation of AM MENA risk management and compliance function in line with local regulations, AM Risk & Compliance and HSBC Group Risk strategy and policy.
•Will support the Risk Steward for Financial Crime and Regulatory Compliance, meeting the HSBC Group’s requirements for Risk Stewards.
•Supports risk and compliance governance processes, providing strategic insights to the AM MENA CRCO on compliance matters ensuring that actions are implemented.
•Partners with the business line managers to achieve growth goals through providing high caliber tools, training, information, compliance guidance.
•Identifies and manages risks introduced through change, including new investment fund products and new projects/initiatives.
•Supports the AM MENA CRCO in providing advice, training, and risk stewardship to ensure AM complies with the letter and spirit of relevant regulations to deliver fair outcomes for customers, to uphold integrity in financial markets, thus ensuring compliance with all relevant Conduct and regulatory requirements.
•Support an efficient Risk & Compliance structure which supports the business in strategic growth objectives.
•Supports the Regulatory Compliance (RC) and Financial Crime Compliance (FCC) functions that are considered to be high quality and fit for purpose underpinned by an appropriate governance infrastructure
•Supports the Group’s, Region’s and Global Businesses’ knowledge of compliance management by incorporating compliance considerations in all activities undertaken to protect and enable the business’ activities through a robust risk management understanding.
•Supports effective relationships with SCA and the other MENA region regulators.
•Works collaboratively with other senior executives in Asset Management, Global Line of Businesses, Functions, DBS, Geographies and countries to implement the AM MENA strategy and Group requirements for Compliance.
•Ensures effective relationships with key stakeholders both within and external to HSBC, increasing connectivity and originating new productive relationships.
•Remains up to date on latest industry developments and HSBC Non-financial risk framework; enable teams to incorporate improvements to drive towards operational excellence.
•Supports the AM MENA CRCO on identifying major changes in global / regional / country-specific regulatory / statutory norms and ensure these are implemented
•Understands impact of macroeconomic trends, continuously adapting the Compliance function support and activities based on risk, business needs and Group’s strategy
•Supports the AM MENA CRCO to ensure that AM MENA activities are conducted in compliance with all applicable laws, rules, regulations and procedures, in accordance with best market practice
•Understand, follow and demonstrate compliance with all internal and external rules, regulations and procedures that apply to the conduct of the business, specifically Internal Controls and any Compliance policy including, inter alia, the Group Risk and Compliance policies.