Job Description
EG-Bank is currently recruiting for the role of Regulatory Senior Officer
Assisting the Head of Regulatory Compliance Department in the implementation of the Regulatory Compliance Program. This role will assist the Regulatory Compliance manager(s) in the accomplishment of the Regulatory Compliance tasks related to the established Compliance Programs & to undertake all the daily tasks commensurate with his/her level of professional experience. The ultimate purpose of the function is to contribute in securing the Bank against the Compliance related losses that can potentially be higher than the Bank’s balance sheet & the reputational risk that may cause a material immeasurable negative impact on the Bank branding.
Duties and Responsibilities
Your main responsibilities in this role include the following:
Assist the Regulatory Compliance manager(s) in the pre-fact assessment, from Compliance perspective, for all of the Bank’s new and updated (policies, procedures, forms, marketing materials, products & services and contracts & agreements with third parties including outsourcing agreements) to ensure being in line with the regulatory requirements;
Assist the Regulatory Compliance manager(s) in maintaining an updated Regulatory Matrix - by subject & responsible department(s) including all applicable laws, executive regulations, CBE decisions and circulations, ...etc.;
Executing certain tasks from the Compliance Testing & Monitoring Plan (e.g. Desk monitoring & tracking and follow-ups);
Provide effective reporting of compliance (updates / issues / areas of development) to the Head of Regulatory Compliance Dep.;
Respond to the inquiries raised by branches / business units regarding regulatory issues;
Assist the Regulatory Compliance manager(s) in implementing the FATCA Compliance Program that includes policies, procedures and processes sufficient to comply with all FATCA requirements;
Assist the Regulatory Compliance manager(s) in the preparation of the annual FATCA report submitted to the IRS;
Follow - up and coordinate with the other internal stakeholders to ensure timely and accurate responses & submissions to CBE;
Maintain and update the Regulatory files – Record keeping;
Approving transactions / customers based on predefined risk-based rules;
Assist the Regulatory Compliance manager(s) in handling customers complaints received from CBE;
Assist the Head of Regulatory Compliance Dep. to design & manage ongoing compliance training for the bank staff;
Prepare regulatory reports to the regulatory authorities as required;
Handle any additional tasks / projects assigned by the head of the Regulatory Compliance Department.
Job Requirements
: Minimum bachelor Degree
Desired education: Additional Compliance Certification
Fluent Arabic & English – written / oral.
3 to 6 years or more of banking experience with a min. 2 year banking experience in a Compliance position
