Senior Officer, Regulatory Advisor - UAE National

Senior Officer, Regulatory Advisor - UAE National

• Regulatory Services
• Dubai
• Entry-level
• Full-time
• ID: 100070

Description

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Responsibilities

• Assist with the implementation of Regulatory Compliance controls, ensuring consistency and integration with the Operational Risk framework.
• Prepare and manage the Regulatory Breach Register, Regulatory Reporting and Advisory Registers, and ensure all relevant information is captured accurately.
• Assist with the validation of evidence and closure actions for relevant obligations detailed in the Obligations Register.
• Assist and guide Management in responding to enquiries or requests from Regulators and other stakeholders as appropriate.
• Assist in logging, tracking and reporting advisory emails.
• Assist in the preparation of a detailed monthly Regulatory Obligations Dashboard (sent to senior management).
• Assist with the internal documentation and communication of key relevant regulatory developments.
• Participate in reviewing the bank’s policies and procedures and ensure that they are aligned to regulatory requirements.
• Research, analyze and provide recommended remediation efforts (where required) in collaboration with internal stakeholders.
• Effectively communicate and report on plans, status, issues, breaches, risks and requirements to all relevant stakeholders.
• Assist regarding the reporting of compliance metrics to Compliance Data Analytics, Risk Management and Ops Risk.
• Draft, assemble, and file documentation and submission materials to regulatory authorities within the required timelines and in conformance with appropriate regulations and guidelines to ensure timely regulatory reporting.
• Assist in the interpretation and evaluation of existing, proposed, new and amended regulations to assess the impact of these regulations on the business.
• Assist with the identification of regulatory developments, requirements, and industry trends. Maintain regulatory intelligence through continuous monitoring of regulatory landscape; identify risks, mitigation, and resolution strategies.
• Assist the Quality Assurance team with the identification of adverse trends, poor controls and systemic risks as a Regulatory Compliance subject matter expert, as well as assist in preparing monthly RCSA evidence to the Quality Assurance team.
• Participate as may be required in regulatory examinations and audits.
• Undertake other activities as assigned from time to time.

Requirements