banking jobs and careers in UAE 2023 | Emirates Development Bank (EDB)

EDB Bank announced on its official Linkedin page a vacancy

Head of Compliance

Emirates Development Bank (EDB) مصرف الامارات للتنمية

The Emirates Development Bank (EDB) is the development bank of the United Arab Emirates, and the main financial engine for the economic development and industrial advancement of the country.
Its mission is to promote a healthy and sustainable self-reliant economy by providing financing solutions to small and medium enterprises and companies based in the United Arab Emirates, operating in any of the five priority strategic sectors.
These sectors include advanced technology, food security, healthcare, infrastructure, and manufacturing.
Due to its development missions, the bank is not-for-profit, offering patient capital and favorable financing terms to its clients.
Emirates Development Bank offers direct financing solutions to all customers as well as indirect financing solutions for small and medium enterprises through guarantees to our partners in commercial banks.
The bank takes it one step further by enhancing the entrepreneurial ecosystem in the UAE through its suite of unique digital banking products, tailored for start-ups as well as non-financial education and mentoring programs aimed at enhancing creditworthiness and financial literacy.
As the development bank of the UAE, the EDB seeks to attract and retain the best talent through a supportive culture and opportunities for continuous professional development.
The Bank's employees are united by a shared commitment to developing the UAE economy, a goal that is ingrained in every aspect of their work and fills them with a sense of pride.
The vision of Emirates Development Bank is to be a major financial engine dedicated to the economic development and industrial advancement of the United Arab Emirates.

About the Job

Emirates Development Bank is looking for Head of Compliance to lead and manage the Compliance function of EBD in a pro-active manner, to prevent the bank from being exposed to Compliance risks and financial losses, as a result of failure to comply with applicable laws, regulations, codes of conduct and standards of good practice relevant to EDB’s activities.

Major Responsibilities

Provide overall direction for the effective achievement of functional objectives through effective leadership and by setting of individual objectives, managing performance, developing and motivating team to maximize performance.
Mentor, coach, motivate and challenge the direct reports and their teams providing opportunities for growth and development.
Allocate work to Compliance employees, nominate for training as per the bank’s guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
Supervise Compliance employees in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counselling.
Ensure the continuous alignment of policies / procedures with applicable laws / regulations by reviewing and adopting new / amended policies / procedures from a compliance perspective.
Establishing and updating the policies / procedures for AML / CFT, which approved by the Board Audit and Compliance Committee.
Enhancing the culture of compliance within the bank.