Regulatory Reporting Officer (Kuwait Branch)

Doha Bank; Kuwait; On-site; KWD 12,000 - 18,000; Full time

Job summary

Doha Bank in Kuwait seeks a Regulatory Reporting Officer to assist the Finance Manager in ensuring branch compliance with regulatory reporting requirements. The role focuses on preparing CBK reports and coordinating with regulators, IT, and internal stakeholders to maintain data accuracy and timely submissions.

The ideal candidate holds a university degree in business/ banking/ finance and has 3–5 years of regulatory reporting experience in banking.

Qualifications

• University degree in Business, Banking or Finance or related discipline.
• 3–5 years’ experience in regulatory reporting in banking industry.

Responsibilities

• Verify balance sheets and related calculations for Kuwait branch for submission to Central Bank of Kuwait.
• Prepare and submit Arabic reports to regulators in a timely manner.
• Coordinate selection and implementation of CBK regulatory reporting tools with core banking applications.
• Support new CBK regulatory reporting requirements and related procedures.
• Monitor internal controls to mitigate non-compliance risks.
• Coordinate with internal stakeholders to ensure timely regulatory submissions across the branch.
• Ensure reports meet high information integrity and deadlines.
• Coordinate Basel III data submissions (CAR, LCR, NSFR, LR, DSIB) as per CBK guidelines.
• Liaise with reporting authority for accuracy of management reports/data for CBK.
• Work with IT to develop/ improve report requirements as directed by CBK.
• Reconcile and submit branch cash/credit classification within deadlines.

Education

University graduate with a degree in Business or Banking or Finance or any other related discipline

Job description

The Regulatory Reporting Officer will assist the Finance Manager to ensure compliance of Kuwait branch with regulatory reporting requirements. The incumbent will ensure preparation of periodic Central Bank of Kuwait regulatory reports, returns and requests to the regulatory authorities, in line with0 the guidelines, and support coordination efforts with Central Bank of Kuwait officials/ other regulators /internal stakeholders on matters pertaining to regulatory reporting pertaining to retail/corporate customer segments.

Detailed Roles and Responsibilities:

OPERATIONAL

• Verify the balance sheets and related calculations/tables pertaining to the Kuwait branch for review/due submission to the Central Bank of Kuwait, in line with the reporting guidelines.
• Ensure timely preparation and submission of all Arabic reports to the regulators.
• Assist the Finance Manager in information sourcing / coordination efforts throughout the selection and implementation of applicable Central Bank of Kuwait regulatory reporting tools and interfacing of the same with core banking applications.
• Contribute towards and support the Finance Manager in the sharing / implementation of the new CBK Regulatory Reporting requirements that the regulatory agencies/ governmental bodies might enforce, in terms of the policies and operational procedures.
• Assist the Finance Manager in periodic monitoring to ensure that adequate internal control procedures are in place to mitigate risk arising out of non-compliance with regulatory framework.
• Manage coordination efforts with the internal stakeholders in ensuring prompt submission of statutory and regulatory reporting requirements across the branch in line with the guidelines set by the respective regulatory authorities.
• Verify to ensure that reports are completed with a high standard of information integrity and adhere to the reporting deadlines.
• Execute coordination efforts with the relevant departments, to ensure preparation / perform due submission of Basel III data (ratios "CAR, LCR, NSFR, LR, DSIB") as per the Central Bank of Kuwait guidelines.
• Liaise with the reporting authority to ensure accuracy and clearness of financial data detailed inmanagement reports / data produced for Central Bank of Kuwait.
• Support the Finance Manager in coordination efforts with the IT Department for the development of new / continuous improvement in report requirements, as directed by the Central Bank of Kuwait over the time.
• Reconcile and ensure submission of the cash/Credit Classification for the branch within the prescribed timeframe and as per guidelines.

Educational Qualifications:

• University graduate with a degree in Business or Banking or Finance or any other related discipline.

Experience:

• 3 - 5 years’ experience
• Experience in regulatory reporting in banking industry