Assistant Manager Compliance Quality Assurance In Banking Domain

Urgent requirement for Assistant Manager – Compliance Quality Assurance in banking domain is required for our banking client in Sharjah ,UAE

Candidate should perform detailed reviews to ensure adherence to policies, processes, and controls, ensuring compliance with regulatory requirements and internal policies.--MustOperates with a high degree of autonomy in executing compliance assurance activities.--MustResponsible for making critical decisions related to compliance review observations and recommendations.--Must

Experience in managing high-risk areas and leading assurance activities.--Must

Job Purpose

To ensure the organizations compliance with regulatory requirements and internal policies by executing compliance quality assurance reviews, analyzing and reporting findings, developing strategic dashboards and management reports, collaborating effectively with compliance functions, business units, and other key stakeholders, and recommending process enhancements.

Duties And Responsibilities

• Conduct Compliance Reviews:
• Coordinate with key stakeholders to align review schedules with organizational objectives.
• Perform detailed reviews to ensure adherence to policies, processes, and controls, ensuring compliance with regulatory requirements and internal policies, including onboarding, trade finance processes, and FCC-related processes such as Sanctions and AML.
• Lead special assurance activities related to high-risk areas or high-risk accounts, including but not limited to PEPs (Politically Exposed Persons), correspondent relationships, and trade finance areas.
• Supervise monitoring of controls related to KYC (Know Your Customer) review processes, account restrictions, and closures.
• Oversee monitoring of account upgrade/downgrade activities and ensure breaches are reported.
• Analyze data and documentation to identify potential compliance issues and areas for improvement.
• Prepare and review assurance reports with findings, recommendations, and action plans for addressing compliance issues.
• Reporting and Documentation:
• Consolidate and document findings from compliance reviews and assurance activities.
• Prepare comprehensive reports for submission to the Head of Compliance. Share the outcome of such reports with IA, in case escalation is warranted
• Ensure accuracy and timeliness in reporting, providing strategic insights and recommendations.
• Develop dashboards and management reports (particularly, for the Compliance and Board Risk Committee) for tracking compliance performance and trends.
• Collaboration and Support:
• Collaborate with other business and operations heads to find permanent solutions for recurring identified errors and ensure compliance.
• Escalate RFIs (Requests for Information) related to breaches to HoC when necessary, ensuring comprehensive reporting and documentation.
• Provide expert guidance and support to business and operations on compliance-related matters.
• Work closely with other compliance functions and key stakeholders to enhance processes.
• When ordinarily carrying out his/ her duties each employee must be extremely vigilant and follow the applicable policies which include, but are not limited to, management of bribery-corruption risk, conflicts of interest, market abuse, and more generally, ethical conduct as described in Code of Conduct and Ethics (as amended)
• Training and Development:
• Ensure the delivery of quarterly training materials and monitor the effectiveness of training, providing comprehensive reports to HoC.
• Stay updated with changes in regulations and industry best practices to ensure continuous improvement in compliance processes.
  
  

• Minimum of 7-10 years of experience in compliance, audit, or risk management.
• Proven track record in managing high-risk areas and leading assurance activities.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in regulatory compliance tools/software.Ability to handle sensitive and confidential information with integrity.