banking jobs in UAE 2023 | Emirates Islamic Careers

   banking jobs in UAE 2023 | Emirates Islamic Careers  

banking jobs in UAE 2023 | Emirates Islamic Bank Careers

 Emirates Islamic Bank announced on its official Linkedin page a vacancy

Manager – Regulatory Compliance

Emirates Islamic Bank

  • Emirates Islamic Bank was inaugurated in 2004 to provide the highest standards of banking services in line with the highest standards of Islamic Sharia principles.
  • The bank offers a wide range of products designed for individuals, small businesses as well as large corporations.
  • Emirates Islamic is the right choice for those who are looking for excellence in managing their financial affairs.
  • At the core of the Emirates Islamic experience is dedication to serving the customer, who is at the heart of the bank.
  • Emirates Islamic Bank's customers are its partners, and the bank works to ensure that it provides the best results for them and for the bank.
  • Through the use of Islamic financing instruments such as Murabaha, Ijara and Takaful, the bank reduces the uncertainty of transactions and provides suitable solutions to its clients, whether they are individuals looking to save or a large corporation looking for a long-term partner.
  • The new brand reflects its innovative approach and commitment to providing the best financial solutions in the market.
  • Emirates Islamic Bank (P.J.S.C) is licensed by the Central Bank of the United Arab Emirates.

Job Purpose

  • The Manager, Regulatory Compliance in this role will be liaising with all the business units in order to set out the relevant regulatory requirements and expectations that the Bank must comply with. 
  • Apart from this incumbent ensures appropriate filing, record maintenance and various tasks stand completed allotted by the Unit Head for the proper functioning of the team.

Job Responsibilities

  • Taking a leading role by proactively participating in Compliance meetings with the various stakeholders.
  • Taking initiative by highlighting potential concerns whilst also suggesting potential solutions.
  • Contributing to the achieving of the overall El Compliance objectives.
  • Looking for potential synergies and quick-wins through teamwork and helping other Compliance areas.
  • Taking a positive approach and leading by example.
  • Assisting team members from time to time.
  • Giving priority to requests made by Line Manager, and senior management.
  • Providing Line Manager with feedback, information and reports of sufficient accuracy, detail, quality, context and relevance within the given deadlines and timeframes.
  • Assist with co-ordination, preparation and compilation of information as requested for GRC, BRC, EXCO and other relevant committees as applicable.
  • Providing timely reviews and advice on regulatory compliance related matters.
  • Setting out the relevant regulatory requirements and expectations that the Bank must comply which are then mapped to the banks policies and procedures.
  • Align with Group Compliance to register the regulatory notices/regulations in the Obligation Register system, and co ordinate with the respective stakeholders to map the notices/regulations to the banks policies and process.
  • Revert to respective business with regards to regulatory concerns / queries.
  • Communicate the breach policy to the concerned stakeholders for review and provide certification as per the stipulated deadline.
  • Identify breaches / control failures or weaknesses.
  • Ensure that impacted stakeholders are engaged from start to finish.
  • Present findings to related stakeholders and agree on issues / actions emanating from the breach report.
  • Interact with Regulators representing Compliance as and when requested, by Line Manager to provide adequate information as applicable.
  • Accurate maintenance of respective MI/Register and timely follow-up for closure/update.
  • Providing the necessary progress updates around addressing audit observations to ensure timelines are met and the appropriate updates are given to different committees as appropriate.
  • Follow-up and track closure of Compliance related audit observations. Taking the necessary actions to close out any audit observations or, where dependent on other units, systems or resources; following-up until such closure has taken place.
  • Maintain and update log of all compliance related issues.
  • Follow-up and track closure of compliance related audit observations in Monitoring and Assurance team and ensure all exceptions are closed within the timelines, and also appropriate controls/processes are in place to avoid reoccurrence.

Knowledge, Skills and Experience

  • Preferably a Bachelors/Master's degree, with specialization as an Auditor, Operational Risk or Regulatory Compliance.
  • Minimum of 5 years’ experience in a Banking or Financial Institution with a minimum of 3 years in a monitoring / regulatory role.
  • Good understanding of the key compliance risks pertinent to the core activities within the bank covering Retail, Corporate, Treasury, Private Banking, Investment Banking and Asset Management.
  • Ability to communicate at all levels of management.
  • Good time management skills and adherence to deadlines.
  • Demonstrated project management and leadership skills.

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