Job Description: Assist in executing bank wide processes/products compliance review and ensuring that appropriate controls are designed in order to comply with the regulatory requirements. Conduct initial review and provide feedback on all the new & existing products , activities & processes submitted by the business on Regulatory requirements & Compliance Risk concerns from regulatory obligations perspective Job Responsibilities: Timely communication of the compliance review observations to the line manager and highlight the most significant issues that requires immediate attention Maintenance of corporate governance related policies i.e. personal trading policy, related party policy and whistle blowing policy and taking care of necessary documentation in this regard. Recommend appropriate changes to existing policies and procedures to mitigate Compliance risk by improving the related internal controls. All the above accountabilities includes but not limited to any additional/new tasks or responsibilities assigned by the line Manager Follow-up with the Departments / units under review to obtain business response on the observations been raised as per compliance policies. Maintain a proper log of all day to day activities and ensure pending items are escalated. Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department. Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation. Conducting assessment of regulatory risks emanating from new regulations and review of new and existing controls to mitigate such risks. Conduct initial review and provide feedback on all the new & existing products , activities & processes submitted by the business on Regulatory requirements & Compliance Risk concerns from regulatory obligations perspective Execute work program to review the controls design on a regular basis, in line with department’s policies and procedures. To receive regulatory directives and assist to disseminate it the relevant DIB stakeholders while ensuring proper submission to the relevant authorities. Job Requirements: Bachelor’s Degree and or Professional qualifications in Risk & Control professions, i.e., Audit, Compliance etc. Minimum 2-3 years of banking experience - preferably 1-2 years in compliance environment. Job Details: Company: Dubai Islamic Bank Vacancy Type: Full Time Job Location: Dubai, United Arab Emirates Application Deadline: N/A Apply Here careers-trivia.com
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