Senior Officer, Regulatory Services UAE National

BlueSnap, Inc; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading banking institution in the UAE is seeking a Senior Officer for Regulatory Services. The role involves managing regulatory inquiries, ensuring compliance with laws, and supporting the Quality Assurance team. Candidates should have a strong background in banking or finance, with at least 3 years of regulatory compliance experience and proficiency in both English and Arabic.

Qualifications

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

Responsibilities

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

Skills

Proficiency in English

Proficiency in Arabic

Education

Relevant educational background in banking or finance

Job description

Senior Officer, Regulatory Services 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. Your ability to deal effectively with colleagues and customers and to deliver exceptional service is highly valued.

The role holder is responsible for managing and responding to regulatory notices and inquiries from competent authorities within specified timelines. The role also involves assisting in the implementation of a robust regulatory compliance control framework to ensure adherence to relevant laws, regulations, and guidelines.

Responsibilities:

1. Manage daily regulatory notices and inquiries from authorities according to internal policies and procedures.
2. Draft, assemble, and submit documentation to regulatory authorities within required timelines, ensuring compliance with regulations and guidelines.
3. Record, track, and develop processes to monitor regulatory inquiries and matters.
4. Generate Management Information (MI) reports and metrics on regulatory notices and inquiries, including impact analysis of new regulations.
5. Interpret and evaluate new and amended regulations to assess their impact on the business.
6. Identify regulatory developments, requirements, and industry trends; maintain regulatory intelligence and develop risk mitigation strategies.
7. Support the Quality Assurance team by identifying adverse trends, control weaknesses, and systemic risks as a Regulatory Compliance SME.
8. Participate in regulatory examinations and audits.
9. Maintain a regulatory breach log and report breaches accordingly.
10. Review and update Regulatory Compliance policies and procedures as needed.
11. Implement regulatory compliance controls aligned with the Operational Risk framework.
12. Communicate key regulatory developments internally.

Requirements

Qualifications:

Relevant educational background in banking, finance, or related fields.

Experience:

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

Skills:

• Proficiency in English and Arabic languages.