Posted 6 days ago 19 views
The Assistant Manager – Compliance will support the Compliance Manager in overseeing the daily operations of the Embedded Compliance Function, ensuring strict adherence to the bank’s AML/KYC policies and regulatory requirements. This role involves maintaining up-to-date knowledge of regulations issued by the Central Bank of the UAE and assisting business units in achieving their objectives while managing compliance risks. The incumbent will provide practical, compliant solutions to regulatory challenges and intervene when necessary to prevent transactions or processes that may expose the bank to regulatory or reputational risks. Additionally, the role includes supporting the implementation of compliance initiatives as directed by the Head Office Compliance team.
Key Responsibilities
- Maintain continuous awareness of all relevant internal and external compliance requirements, including emerging legal, statutory, and regulatory changes that could impact the bank.
- Assist the Compliance Manager in ensuring that the bank’s internal policies and procedures remain aligned with current regulations, offering guidance and advice to business units as needed.
- Foster proactive relationships with business teams to ensure timely involvement and delivery of compliant solutions to business challenges.
- Support AML and compliance training programs for all business group staff to raise awareness and ensure understanding of responsibilities related to corporate policies and regulatory obligations.
- Provide assistance in the enhanced due diligence process for high-risk clients prior to account opening, reviewing proposals especially those escalated to senior management, and ensuring all risks are clearly identified for approval.
- Review eName checker referrals from branches and operational functions, providing compliance feedback in line with bank policies and Central Bank regulations.
- Assist in preparing compliance and AML-related reports and management information systems (MIS), ensuring timely submission to the Compliance Manager.
- Respond promptly to audit and assurance queries related to compliance matters.
- Represent the compliance function in ad hoc projects, including compliance-related initiatives and system implementations as directed by the Compliance Manager.
- Collaborate closely with Audit, Business Units, and Governance teams on compliance-related issues.
- Build and maintain strong working relationships with all stakeholders while upholding independence and professionalism.
Required Qualifications
- Bachelor’s degree with 5 to 7 years of banking experience, specifically in KYC and Enhanced Due Diligence (EDD).
- Proven experience handling KYC and EDD reviews for High Net Worth Individuals (HNI), Ultra High Net Worth Individuals (UHNI), and business entity clients.
- Proficient computer skills with strong command of spoken and written English.
- Strong presentation and Excel skills.
- Efficient and logical problem-solving abilities.
- Sound decision-making skills.
Preferred Qualifications
- Knowledge of UAE banking regulations is advantageous.
- Proficiency in Arabic is considered an added benefit.
This role demands a detail-oriented professional capable of balancing compliance requirements with business objectives, ensuring the bank operates within regulatory frameworks while supporting growth and operational efficiency.
Job Details
Mashreq Bank
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