Job Description
The incumbent’s primary responsibilities will be to ensure that the organization is in compliance with all regulatory obligations as set out by the industry regulators, other applicable laws and industry practices within the market. Additionally the role also entails the responsibility to maintain and develop all relevant procedures and policies as required in order to ensure adherence to the organizational regulatory Compliance framework.
Your main responsibilities in this role include the following:
Duties and Responsibilities
To assist in the implementation of an enterprise wide regulatory compliance monitoring program to ensure that the bank’s units/staff are functioning in accordance with regulations.
Reporting and monitoring incidents of non-compliance to Senior Management and following up on raised matters ensuring satisfactory resolution/reporting as appropriate.
To keep abreast/informed of new regulations/laws current developments in the banking environment, and their implications to ensure that SIB’s regulatory policies and procedures do reflect these.
Keep informed about the improvements and developments in the compliance area and accordingly update the subordinates in order to improve the compliance quality throughout the organization.
Assist in the implementation of the department quality assurance program to ensure that the department is functioning at a high level of efficiency and effectiveness.
Regulatory Notices/ Communication: Ensuring that information is collected and supplied as applicable from relevant areas and stakeholders. Ensuring appropriate follow up and conclusion of task.
Performing any other duties or responsibilities assigned by the Line Manager or Head of Department.
Job Requirements
Proven experience in Regulatory compliance.
In-depth knowledge of the industry's standards and regulations.
Excellent knowledge of reporting procedures and record keeping.
A business acumen partnered with a dedication to legality.
Methodical and diligent with outstanding planning abilities.
Minimum 3 years’ experience within Compliance.
Strong in both oral and written : English and Arabic.
Job Details
Company: Sharjah Islamic Bank - SIB
Employment Type: Full-time Job
Job Location: Sharjah, United Arab Emirates
