Compliance Analyst jobs in United States

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.

You will assist in achieving CBDFS strategic and performance objectives by complying with regulatory requirement by promoting compliance culture and environment in CBDFS environment. You will ensure CBDFS adheres to the applicable legal standards and CBD Group policies and Procedures. You will embed compliance into CBDFS core values and ensuring the CBDFS adheres to these values in n all aspects and levels of business. You will provide guidance and support to CBDFS on compliance matters

RESPONSIBILITIES & DUTIES:

• Lead the CBDFSFinancial Crime Compliance Function to identify, mitigate and prevent Financial Crime risks.
• Review new policies and procedure for the CBDFS departments including operations, brokerage and customer services. Identify weaknesses and threats to implement necessary corrections. Ensure obligations are met with SCA Regulations and UAE Financial Markets rules for assured compliance.
• Responsible of CBDFS compliance framework which includes develop and implement Anti-Money Laundering and Counter-Terrorist Financing, Sanctions, KYC and AB&C policies and procedures
• Conduct regular gap assessments to evaluate the effectiveness of CBDFS compliance framework with the CBD Group policies and procedures and remediate the identified gaps
• Responsible of conducting gap assessment of SCA regulations with CBDFS compliance controls and remediate the identified gaps.
• Conduct a gap assessment to verify compliance with the rules, regulations, circulars and standards for the SCA, DFM and ADX.
• Manage the SCA inspections efficiently, ensuring high-quality methodology throughout the process. This includes developing inspection matrices, setting timeline, allocating and aggregating inspection requirements with stakeholders, performing assessments, and executing follow-ups,
• Providing advice and Compliance Opinion and recommendation in all aspects of Regulatory Compliance & money laundering to all CBDFS departments.
• Reporting regulatory requirement deviations from Policy and incorporate them in Policy & Procedures under review.
• Reporting issues bearing reputational risk, Credit Risk, Market Risk and Operational Risk and its mitigation controls.
• Preparing checklist for CBDFS department to get assurance of applying CBDFS and SCA roles properly.
• Implementing the Compliance Self Risk Assessment (CRSA) across CBDFS departments and analysis the report and submit the result to Group Chief Compliance Officer for final review and approval.
• Manage and monitor Margin Trading Clients program, and handling governance function in CBDFS.
• Reporting of control and Compliance issues to the CBDFS Management, Executive Manager and Group Chief Compliance Officer, including details from the quarter compliance examination report, the recommendations and management response.
• Primary control function that protects CBDFS from potential reputational and regulatory risk that arises from trading activities.
• Support the Executive Manager in writing policies, procedures and other notices to ensure that CBDFS meets SCA Rules and Regulations requirements and regulatory expectation in respect of Sanctions.
• Support Executive Manager in the provision of Sanction Compliance Training across the company by preparing presentations, delivering training and maintaining records as per regulatory requirements and expectations.
• Collaborate with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
• Ensure no fines are given to the company by safeguarding and guaranteeing compliance with the rules and regulations of all entities
• Responsible to ensure that CBDFS business activities are compliance with applicable sanctions laws and regulations as well as applicable sanctions international lists.Provide the Group Compliance with assurance that controls required under sanctions regulations are embedded within the Bank’s processes to avoid any sanctions breach and/or establishing relationship with a sanction listed party.
• Review and investigate all breaches, discrepancies and irregular activities, and recommend corrective actions to ensure compliance with the Bank's Sanctions policies/procedures and mitigation of identified risks for the bank.
• Define and ensure the integrity of all Sanctions Lists for payment, name screening systems to ensure the bank is not exposed to any risk of dealing with a sanctioned person and/or entity.
• Appling SCA, DFM & ADX requirements from all below prospective.

Qualifications:

• Bachelor’s degree or equivalent in Finance & Administration.
• Professional certification in AML and Compliance
• Good knowledge of compliance function planning
• Sufficient experience in Compliance and Risk Management, Banking & other related areas. Audit and Legal background is an added value.
• Strong knowledge and experience of the SCA, DFSA, Nasdaq Dubai, ADX & DFM Regulations/Rules
• Strong knowledge of International Compliance and Governance Standards/Practices
• Strong knowledge and experience of Brokerage products, policies & procedures.
• Excellent Communication and Presentation Skills
• Ability to balance between compliance requirement & business needs.
• Training and teaching skills.
• Computer Skills – use of applications especially Microsoft Office

Experience:

• Minimum 10 years’ experience in banking or financial services sector (especially in Compliance, Risk Management or Governance)
• Good understanding of banking concepts and procedures & operations.

Skills:

• Good command of English and Arabic language