Assistant Manager, Regulatory Compliance - Compliance

United Arab Bank; Sharjah; On-site; AED 180,000 - 300,000; Full time

Job summary

United Arab Bank in Sharjah, UAE, invites applications for a Regulatory Compliance Assistant Manager to support the team in monitoring adherence to Central Bank regulations and best practices.

You will assist in executing the Annual Compliance Plan, coordinate regulatory reporting, and help formalize procedures, training staff, and liaise with regulators.

Qualifications

• Bachelor degree, preferably CIA/ACAMS/ICA certification.
• 3 years’ experience in Regulatory Compliance and/or Assurance.
• Good understanding of Consumer Protection and Market Conduct requirements and reporting to the CBUAE.
• Experience handling CBUAE data requests with Data Analytics/IT teams to source information and generate reports.
• Fluent in English; Arabic is a plus.

Responsibilities

• Support the rollout of the Bank-wide Regulatory Monitoring Program with reports for Senior Management.
• Execute spot checks on Regulations/ Processes to ensure regulatory compliance.
• Formalize Gap Assessments, Memos and Reports for Regulatory Compliance reviews, testing and monitoring.
• Track non-compliance issues and ensure timely closure by stakeholders within target dates.
• Maintain and update the regulations/obligations inventory.
• Liaise with internal stakeholders on data requests and regulator submissions.
• Assist other members of Regulatory Compliance & Assurance team.
• Demonstrate UAB values of Integrity, Customer Focus, Competence, Consistency and Courteousness.

Skills

English communication

Arabic language

Education

Bachelor degree; CIA/ACAMS/ICA certification preferred

Job description

Job Purpose:

• The Regulatory Compliance Assistant Manager will work as a member of the Regulatory Compliance team to support monitoring adherence to the Central Bank regulations and best business practices.
• The Regulatory Compliance Assistant Manager will support the execution of the Annual Compliance Plan, especially in regards to Monitoring of Regulations.
• The Regulatory Compliance Assistant Manager will assist the Senior Manager and Head of the Unit in the formalization of procedures and processes and preparation of Compliance training & awareness to staff.

Principal Accountabilities:

• Supporting the rolling out of the Bank-wide Compliance Regulatory Monitoring Program along with conduct reviews and formalization of reports for Senior Management.
• Executing spot checks on Regulations / Processes to ensure compliance with regulatory requirements.
• Supporting the formalization of Gap Assessments, Memos and Reports for Regulatory Compliance reviews, testing and monitoring exercises performed.
• Tracking non-compliance issues and ensuring timely closure by relevant stakeholders within agreed target dates.
• Maintenance & update of regulations / obligations inventory.
• Liaise with internal stakeholders on data requests and/or regular submissions to the Regulator.
• Assisting other members of the Regulatory Compliance & Assurance team in a pro-active manner.
• Displaying UAB Values of Integrity, Customer Focus, Competence, Consistency and Courteousness.

Job Requirement:

• Bachelor degree, preferably Certification in Audit, Compliance i.e. CIA, ACAMS, ICA
• 3 years’ experience in Regulatory Compliance and/or Assurance role within Compliance
• Good understanding of Consumer Protection and Market Conduct requirements and related reporting to the CBUAE.
• Experience of handling CBUAE data requests and working with Data Analytics and IT teams in sourcing the information / designing and generating reports.
• Effective communication skills in English. Arabic is a plus.