Compliance Governance and Frameworks Manager - UAE
The role holder assists the Head of Regulatory Compliance UAE in the management of regulatory risks and provides support to the UAE Country Compliance team in its role of ensuring Standard Chartered Bank UAE meets regulator and Standard Chartered Group expectations.
Key Roles and Responsibilities
Regulatory Risk Identification and Policy Setting
- Leads in the identification of material regulatory risks in-country through measured analysis of factual scenarios, data and / or documentation.
- Anticipates, assesses and communicates key regulatory risk trends in-country, for management consideration, and drives the development and implementation of appropriate mitigation control measures.
- Keep up to date on local issues that could contribute to Regulatory Compliance vulnerability and horizon risks and consider implications for policies and procedures from a business, risk, compliance and culture perspective.
- Liaise with Group regarding policy and procedures developments and ensure in country roll-out of new policies and procedures through a complete in bedding and training for process.
Regulatory Relationship Management
- Manages and develops the relationship with the country’s regulators, along with the Head of Regulatory Compliance UAE, according to the Government & Regulatory Relationship Plan.
- Drive regulatory meeting agendas and matters for discussion. Builds trust through pro-actively meeting regulatory commitments and having regular briefings with regulators.
- Responsible for the updating, tabling and execution of the Government & Regulatory Relationship Plan.
- Provide briefings and guidance to senior management on regulatory matters.
- Ensures the Bank is properly prepared for routine and ad hoc regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
- Oversees all remediation required from audits and regulatory examinations and, in conjunction with the Head of Regulatory Compliance UAE and Country Head of Compliance UAE, ensures that all remediation is robust and prompt.
Regulatory Advice
- Understand, apply and advise on current policies and practices of Regulatory Compliance.
- Provides timely regulatory advice and recommendations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitors regulatory developments.
- Provides guidance on proper application and interpretation of banking laws, regulations and policies applicable to the country.
- Sets control standards and provides advice on the development of appropriate controls for the mitigation of regulatory risks.
- Analyses and interprets the comprehensive regulatory impact of complex Regulatory Compliance matters on the Bank's business and its operations.
- Manages the process of updating the Obligations Register for the UAE branch and ensures that the register is up to date and accurate at all times.
Compliance Training
- Delivers or procures delivery of a program of activities that educates and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues, for example Outsourcing, Senior Management Responsibilities and Code of Conduct.
- Assists in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
Compliance Reporting
- Prepares regular and accurate reports that demonstrate understanding, provide clear analysis and are escalated to the relevant risk managers and governance bodies.
- Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees. Use the data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus support remediation action within the Compliance function.
- Implement quality assurance standards and workflows for the Compliance function.
- Driving Gap Analysis on key new or amended regulations with multiple touch points.
- Management of UAE Compliance Governance Forum, including committee ToRs, agenda, minutes etc.
Compliance Business Partnering
- Uses general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions, and to keep the local regulator updated on developments in the businesses.
- Assists the Country Head of Regulatory Compliance UAE and Senior Management in ensuring that the Bank and its subsidiaries operate in accordance with the relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.
- Proactively drives the development and maintenance of good relationships with internal and external stakeholders at appropriate levels ensuring an open and cooperative environment.
Team Leadership and Stakeholder Management
- Ensures appropriate team resources, skills and capabilities to support business growth and address risks.
- Sets and establishes team objectives and priorities through discussions with relevant stakeholders, ensuring alignment with the businesses’ agenda. Undertakes regular performance and development reviews and discussions.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Ensures that team members work effectively and proactively with business compliance and other support function teams to manage in-country regulatory risks. - Extensive compliance experience focused on regulatory compliance.
- Extensive experience working with Regulators (Central Bank, DFSA, FSA etc)
- Experience working for an international bank.
- Ideally qualified with relevant Compliance qualifications/certifications/accrediations
- Ideally experience working in UAE
- Ability to make balanced commercial judgements and provide pragmatic solutions.
- Ability to drive efficiencies and innovation in achieving objectives.
- Excellent relationship and customer management skills. Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group\\'s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions. |