Regulatory Officer

JOB SUMMERY:Responsible for ensuring that bank complies with regulatory requirements, internal policies, and group normsDuties and Responsibilities:-Providing the Compliance opinion to all Lines of business with regards to all compliance requirements to ensure adherence to relevant regulations.-Ensuring that bank maintains comprehensive compliance and internal control risk assessments program.-Assessing bank products and services risks from compliance perspective to ensure regulatory requirements are in place.-Monitor compliance with laws, regulations, and internal policies.-Reviewing communications and advertising to ensure there are no violations of group norms and/or related regulations.-Reviewing and/or modifying policies or operating guidelines to comply with changes to environmental standards or regulations.-Show awareness of the regulations, perform a regulatory watch and be able to implement the regulations.-Be aware of the regulatory environment and its different actors and keep up to date with regulations and their development.-Assist in preparing the related regulatory reports or presentation.-Assist in performing the gap analysis of regulatory commitments and required changes.-Drafts, implements, and updates Compliance standard requirements and procedures-Expresses compliance opinions for customers or transactions with varying profiles in terms of Regulatory risk.-Provides advice to the relevant management and recommends solutions.-Performs a regulatory watch and analysis, which also applies to internal and external standard requirements.-Drafts, implements, and updates Compliance standard requirements and procedures.-Raises awareness, informs, and trains employees; participates in the creation of training materials and dissemination of the compliance culture-Follow the day-to-day operations related to own jobs in the department and preparing requested reports to ensure continuity of work. Ensure being innovative, initiative and recommend new approaches related to own jobs.-Follow and implement all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner-Comply with all relevant CBUAE regulations, banking laws, AML/CFT regulations and internal policies and code of conduct in order to maintain BMUAE sound legal position and mitigate any potential risks.Job Competencies and Skills:Attention to details.Risk assessment capabilities.Ability to communicate effectively.Flexibility and ability to adapt to change.Analytical skills.Critical problem-solving ability.An ability to analyze and interpret information and take the proper decisionQualifications and Experience- Bachelor’s degree in commerce, business administration or any related discipline- Min of 1-3 years of experience in the banking relevant sector- Excellent knowledge about banking operations and sanction regulationsMust have UAE Residency