Regulatory Reporting Officer (Kuwait Branch)

Doha Bank; Kuwait City; On-site; KWD 20,000 - 30,000; Full time

Job summary

Doha Bank Kuwait invites applications for Regulatory Reporting Officer to help the Finance Manager ensure regulatory reporting compliance for the Kuwait branch. The role focuses on preparing Central Bank of Kuwait reports, returns and regulator requests in line with CBK guidelines and coordinating with regulators and internal stakeholders.

The incumbent will support timely Arabic reporting, Basel III data submission, and continuous improvement of reporting tools in conjunction with the IT

Qualifications

• Experience in banking regulatory reporting.
• Knowledge of Central Bank of Kuwait reporting requirements.
• Ability to prepare Arabic regulatory reports.

Responsibilities

• Verify balance sheets and related calculations for CBK submission.
• Ensure timely preparation and submission of all Arabic reports to regulators.
• Assist Finance Manager in sourcing information and coordinating CBK reporting tools with core banking systems.
• Support implementation of new CBK regulatory reporting requirements and related procedures.
• Assist in monitoring internal controls to mitigate non-compliance risk.
• Coordinate with internal stakeholders to ensure prompt statutory and regulatory submissions.
• Verify reports for data integrity and adherence to deadlines.
• Coordinate Basel III data (CAR, LCR, NSFR, LR, DSIB) per CBK guidelines.
• Liaise with the regulator to ensure clarity of financially detailed data in management reports.
• Support IT in developing and improving reporting requirements as directed by CBK.
• Reconcile and submit cash/credit classification within the prescribed timeframe.

Skills

Regulatory reporting

Basel III reporting

Financial data analysis

Stakeholder coordination

Education

Bachelor's degree in Business/Banking/Finance

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