Compliance Officer - Regulatory Risk and Control

Job Description & Accountabilities:

• Maintain up-to-date Circulars Dashboard.
• Maintain up-to-date Risk Assessment.
• Assist the direct manager in maintaining an accurate and up-to-date Compliance Risk Register.
• Ensure proper assessment is conducted on newly issued circulars and regulations by regulatory bodies.
• Assist the direct manager in maintaining an up-to-date risk universe.
• Conduct the required follow-up with the Banking Compliance team on outstanding regulatory risks/observations to ensure timely closure.
• Assist the direct manager in preparing the periodic report to update senior management on outstanding regulatory requirements.
• Assist the direct manager in preparing the Compliance Committee and Board Audit Committee pack.
• Ensure that corrective actions for each risk and observation are addressed properly prior to the closure of the outstanding requirement.
• Ensure that all concerned departments/units within Banking Compliance are following their procedures.
• Provide support to the teams within Banking Compliance where required
• Manage assigned Ad-hoc tasks/projects in a timely manner, ensuring deadlines are met and objectives are achieved.
• Report any arising discrepancies/risks to the direct manager.
• Execute received requests for adding or closing regulatory risks/observations efficiently.
• Track and monitor the implementation of regulatory bodies' circulars, rules, and regulations.

Qualifications & Experience:

Bachelor's degree in Business Administration, Law, or a related field.

0-2 years of experience in banking.

0-2 years of experience in Compliance or Audit.

Knowledge & Skills:

• Understanding of banking laws, regulatory bodies' rules and regulations, and other legal aspects relevant to banking.
• Capable of managing multiple compliance-related tasks in a fast-paced environment.
• Excellent verbal and written communication skills for preparing reports and advising internal teams.
• Able to work effectively in cross-functional teams and build a strong relationship with internal and external stakeholders.
• Ability to prioritize and manage time effectively, particularly during regulatory deadlines or audits.
• Strong awareness of various types of risks (Regulatory, Reputational, Financial, Operational) and their potential impact on the bank.
• Skilled in analyzing regulatory requirements and investigating compliance-related issues.