Compliance Director

Sumitomo Mitsui Banking Corporation; United Arab Emirates; Hybrid; AED 380,000 - 650,000; Full time

Benefits offered by this job

Hybrid and flexible working

Competitive paid leave

Private medical insurance

Life and disability insurance

Mental wellbeing support

Learning and development opportunities

Ambitious remuneration package

Job summary

Sumitomo Mitsui Banking Corporation in the UAE seeks a senior Compliance leader to manage regulatory risk and oversee the regional program with direct reports and close collaboration with regulators.

You will develop policies, lead education programs, coordinate inspections, and advise senior management on ethical standards and regulatory expectations. This is a hybrid role offering competitive benefits and growth across the region.

Qualifications

• Experience in financial services regulatory framework.
• Regulatory liaison with authorities.
• Ability to lead and train staff.
• Strong analytical and strategic thinking.

Responsibilities

• Develop compliance programs and policies for the MENA region.
• Advise senior management on regulatory risks and decisions.
• Coordinate regulatory inspections, monitoring, and reporting.
• Act as Authorized Individual for Dubai and oversee compliance oversight in Doha.

Skills

Customer focus

Regulatory knowledge

Risk management

Strategic thinking

Communication with regulators

Leadership

Stakeholder management

Education

Bachelor's degree in finance/l law/accounting

Professional qualifications desirable

Job description

Who we are United by a sense of purpose towards our customers to be a trusted partner for the long-term and our universal banking platform in EMEA SMBC Group has an international growth agenda and award-winning products meaning we provide exciting opportunities to work on a diverse range of projects and initiatives We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services and a range of innovative solutions in global capital markets Read on to find out how you could enhance your skills and gain valuable experience by joining us to support our clients transition to a sustainable future

Overview

To ensure SMBC DIFC Branch - Dubai and the countries in the Region comply with their regulatory requirements and internal policies To develop compliance programs maintain policies and advise senior management on possible risks in order to remain within the regulatory permissions and expectations Effectively communicate the Bank s key ethical principles conduct standards and regulatory expectations This role has 4 direct reports 1 CCG Compliance Advisory Vice President 2 CCG AVP 3 CCG Associate 4 CCG Associate

Background

The role is required to protect the Bank its employees and its customers from regulatory risk The role covers a multitude of compliance topics including compliance education advisory monitoring projects reporting and regulatory liaison The role has Authorised Individual responsibility for Dubai The role has a Controlled Function responsibility for the compliance oversight function for Doha The role requires close collaboration with the SEO Regional Head of Middle East other Local Management Committee members Regional Chief Compliance Officer RCCO Chief Representative Officers Head Office Compliance and all other EMEA compliance colleagues The role requires an open and transparent relationship with the regulatory bodies and authorities across the Region

Facts and Scale

The role is accountable for Six MENA jurisdictions branches representative offices and subsidiaries 4 direct reports with the CCG team Formal Authorised Individual status in Dubai Registered Controlled Functions status in Doha Managing relationships with Local Management Committee members Chief Representative Officers RCCO and multiple authorities and regulators across MENA and To represent the Branch as LCO per the DFSA regulatory requirements To represent the Doha Branch as the registered compliance oversight officer per QFCRA regulations Develop and execute the departmental strategy providing relevant technical and commercial input to establish the departmental objectives Recruit motivate train develop and supervise staff within agreed policies and practices to maintain an effective workplace capable of meeting its objectives Formulate and gain acceptance for the annual budget to secure the resources necessary to achieve agreed work programmes Influence senior management to embed the three lines of defence establishing core principles and standards for compliance and conduct matters Plan prepare and maintain a compliance policy framework and associated training for MENA employees in accordance with the jurisdictional regulatory rulebook s and SMBC policies and procedures advising employees on such matters Act as a key point of contact for authorities and regulators regarding regulatory and compliance issues and regulatory inspections Assist the MHOC and RCCO to co-ordinate compliance related projects within the MENA offices proactively responding to external challenges and regulatory developments whilst challenging conventional thinking and developing innovative solutions

What we offer

For all the expertise and experience you bring to help us make a difference its only sustainable if we support you to build your career and be your best self so we offer competitive company benefits centred around promoting positive well-bring and work-life balance We also believe in fostering a diverse and inclusive work environment where all team members perspectives and contributions are valued Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working Sport amp Social Clubs and Diversity and Inclusion networks As an employee of SMBC you have access to a host of both useful and exciting benefit offerings See below some of the benefits on offer to you

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities
• Ambitious remuneration package

Education & Qualifications The role requires the candidate to be educated to degree level with professional qualifications desirable.

Experience & Knowledge The role requires: substantial knowledge and experience of the financial services regulatory framework; prior knowledge within a regulatory role; good knowledge and experience of financial services, markets and banking activities; strong awareness of financial conduct areas; sound understanding of the business strategy; the ability to think strategically and execute appropriate course of action in line with regulatory parameters; diplomacy and logic to challenge concepts, policies and current practices; the ability to resolve complex, multi-dimensional problems, whilst inviting challenge resulting in a significant impact on the achievement of business; and the ability to represent the Bank externally with regulatory authorities and governing bodies.

CompetenciesCustomer FocusDriving ChangeDriving ResultsEmbraces DiversityEnterprise LeadershipJudgement and Decision MakingRisk ManagementStrategic and VisionaryTrust and Integrity