Implement recommendations made by internacional bodies such as United Nations, European Union, FATF, Basel, Wolfsberg etc. Ensure compliance of various sanctions I embargos such as OFAC, EU, UN etc. and ongoing update of bank”s sanctions matrix.
Support business by providing compliant solutions and/or identifying strategic risks. Intervene where necessary to stop a transaction I process I business proposal if not in compliance with the regulatory requirements and/or international best practices.
Provide assurance to Management that all processes/controls at FIG and IBG branches are in line with regulatory requirements. Pro-actively escalate critical issues (compliance 1 regulatory) that affect the bank; take timely actions to ensure bank/branch is not investigated, charged, fined or publicly castigated by any regulatory authority in any location.
Assist business in obtaining regulatory approvals wherever possible; New Branches I representative office Licenses, Product Launches, Outsourcing, Mergers I Acquisitions etc.
Participate and support HO-Compliance in bank wide projects relating to Compliance, provide input/recommendations, conduct special investigations I reviews. Roll-out systems and initiatives across FIG/IBG branches as per the guidelines of HO
Key Result Areas
Ensure Bank’s Compliance/AML/KYC/CFT policies across overseas branches are adhered to; implement compliance Initiatives accordingly.
Creating a well-built dynamic Compliance Team(s) across overseas locations. Ensure strong ”regulatory compliance culture” evolves. Effectively roll-out and/or re-engineer compliance processes for enhancing efficiencies after analyzing trends and gaps. Establish KPI”s.
Manage regulatory inspections for overseas locations. Ensure timely response of queries by regulators, law enforcement agencies; assuring the quality/integrity of information.
Backup for Head of Compliance and other ECF managers.
Supervise and control compliance function across FIG/IBG branches and ensure relationships with all regulatory authorities I agencies are managed appropriately .
Maintain ongoing awareness of all applicable internal/external regulatory requirements that could impact the bank. Provide fortnightly update to top Management on keys issues, breaches/violations in overseas branches; develop and monitor action plans for closure of the same.
provide compliant solutions to FIG/IBG Group Heads and overseas branches. Ensure Bank”s internal procedures/policies/SOPs/Product Program remains compliant with applicable regulations that are relevant to each location.
Act as the main point of contact and play a key role in facilitating trouble-free regulatory examinations I external audits and assist business/branches towards timely closure of any findings I action items with Compliance monitoring.
Drive Compliance control/process improvements and systems enhancements to increase effectiveness of AML/KYC compliance in all overseas locations in coordination with Business/PMO/MIT/Operations/other cross-functional areas as necessary.
Ensure all locations develop/maintain/update necessary local Compliance/AML Manuals and regulatory checklists. Ensure database of all applicable regulations I laws I guidelines 1 notices I circulars are updated on banks Intranet for ready reference.
Conduct/roll-out specific KYC/AML/Sanction/Embargo trainings on a regular basis. Ensure all staff in each location attend these training (including new staff) on an ongoing basis and understand their responsibilities under banks policies, responsibilities towards regulators (legal /statutory) and international bodies (UN, OFAC). Ensure
annual com letion of AML e-learnin IAM L declarations b all staff in liaison with MLS .
Proactively coordinate/assist Head office Compliance and other Embedded Compliance Units for timely closure of Pan-bank issues (including Enhanced Due Diligence queries from correspondent banks).
Ensure AML monitoring reports/systems in all overseas locations are working satisfactorily in conformity with applicable regulatory requirements. Suspicious transactions detected are analyzed and reported (STR is raised) to the regulator within reasonable time.
Ensure Account Opening, sanctions referrals are cleared within agreed TAT.
Periodically review compliance staff requirements across overseas branches; submit proposal to HO-Compliance for compliance staff restructuring I head count etc.
In co-ordination with the branch management, review the performance of compliance teams across overseas branches and appraise them accordingly.
Interact with Correspondent Banks on issues related to Compliance, provide guidance on MashreqBank policies and on various international regulations/guidelines. Participate in FIG International Banking Forums and conduct Compliance seminars for correspondent bank customers.
Knowledge, Skills and Experience
Professional qualification in business/ commerce/ economics/ law with strong analytical, communication, interpersonal skills; and decision-making abilities .
10- 15 years of overall experience in banking with sound understanding of banking products and operations, including Trade Finance, Documentation and International Payments I Settlements etc, with at least 5 years of Compliance experience at a Managerial level.
Extensive knowledge and understanding of Global Regulatory Environment.
Strong command of written and spoken English. Computer literate.
Understand people leadership.management at its best with effective team play and strong leadership.