Senior Officer, Regulatory Complinace - UAE National

BlueSnap, Inc; Dubai; On-site; AED 120,000 - 160,000; Full time

Job summary

A leading banking institution in the UAE is seeking a Senior Officer for Regulatory Compliance. The role involves managing regulatory inquiries, drafting reports, and ensuring adherence to laws and regulations. Candidates should have strong interpersonal skills and a minimum of 3 years in banking or financial services.

Qualifications

• Minimum of 3+ years of experience in banking or financial services sector.

Responsibilities

• Manage daily regulatory notices and inquiries from authorities.
• Draft and submit documentation to regulatory bodies.
• Create Management Information reports on regulatory inquiries.

Skills

English

Arabic

Job description

Senior Officer, Regulatory Compliance - UAE National

• Regulatory Services
• Dubai
• Experienced
• ID: 100069

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. It is equally important that candidates demonstrate strong interpersonal skills—dealing effectively with colleagues and customers—and a commitment to delivering exceptional service.

The role holder is responsible for managing and responding to regulatory notices and inquiries from competent authorities within designated timelines. The role also involves assisting with the implementation of an effective regulatory compliance control framework to ensure adherence to relevant laws, regulations, and guidelines applicable to CBD’s operations.

Responsibilities:

• Manage daily regulatory notices and inquiries received from authorities, following internal policies and procedures.
• Draft, compile, and submit documentation and reports to regulatory bodies in accordance with applicable regulations and deadlines.
• Record, track, and develop processes for monitoring regulatory inquiries and matters.
• Create Management Information (MI) reports and metrics on regulatory inquiries and compile summaries on new regulations and their impacts.
• Interpret and evaluate proposed, new, and amended regulations to assess their impact on the business.
• Identify regulatory developments, industry trends, and maintain regulatory intelligence through ongoing monitoring; develop risk mitigation and resolution strategies.
• Collaborate with the Quality Assurance team to identify adverse trends, control weaknesses, and systemic risks as a Regulatory Compliance expert.
• Participate in regulatory examinations and audits.
• Maintain a regulatory breach log and report all breaches.
• Review and update Regulatory Compliance policies and procedures as needed.
• Support the implementation of compliance controls, ensuring alignment with the Operational Risk framework.
• Communicate key regulatory developments internally and maintain relevant documentation.

Requirements

Qualifications:

• Minimum of 3+ years of experience in banking or financial services sector.

Skills:

• Proficiency in English and Arabic languages.