Regulatory Compliance Manager

Financial Job Dimensions

Degree of supervision

Level of Authority

Purpose of the Job

Key Accountabilities: Description

• Ensure all regulatory developments are communicated to stakeholders.
• Perform obligation analysis and quantify the regulatory risk in line with another stakeholder like EAD, Legal etc.. Monitor, track, and report status of compliance for applicable regulations into applicable reporting forums i.e., Assurance & CEC meetings.
• Perform regulatory compliance follow-up. Regulatory framework creation, design, improvement that will help company to achieve it’s goal and protect from violations/penalties.

Key Accountabilities: Performance Indicators

Major Activities

1. Supporting the Senior Management in implementing ISO 19600 Compliance Management System.

2. Development of applicable interfaces and regulatory frameworks for managing the compliance risk in a integrated manner.

3. Monitoring of external environment for regulatory developments and changes

4. Communication of regulatory changes to different stakeholders using a wide variety of channels.

5. To undertake compliance risk assessment procedure which includes risk identification, assessment, quantification and advise management on implementation controls (RCAP) required for ensuring compliance and managing risk of non-compliance.

6. Develop, maintain, update, and sustain the Compliance Universe and obligations libraries i.e. Imtithal obligation list.

7. Monitor and oversee the development of Compliance programs for each principal regulation.

8. Follow up with stakeholders on open issues related to any laws and regulations and provide support if needed.

9. Participate in appropriate forums and communication for discussing and escalating Compliance issues.

10. Manage and oversee the regulatory compliance training program for front line associates.

11. Prepare and develop technical articles for inclusion in communication campaigns.

12. Monitor the visits of Government Officials and track the notes of such visits and coordinate with stakeholders

13. Monitor the status of compliance with key regulations

14. Manage and supervise the work of other Regulatory compliance officers.

15. Support in development of software for managing compliance risk.

Job Context

The job has direct impact over assuring company is not exposed to regulatory risk

Framework, Boundaries & Decision Making Authority

• The job holder has direct impact on assuring that all regulatory obligations are duly complied with.
• The job holder has to ensure business is complying with applicable regulations

Organizational / Functional Strategic Focus

• This job has a critical role in providing assurance on regulatory requirements to the ALJM management
• The job holder has a strategic role in developing and monitoring the team while developing a succession plan within the department

Minimum Qualifications

Minimum Experience

Job-Specific Skills

• Time Management, Management of Personnel Resources, Monitoring and Implementation
• Active Learning, Stress Tolerance, Achievement/Effort, Awareness and Problem-Solving Skill
• Problem Sensitivity, Deductive Reasoning, Good knowledge of different business functions
• Strong leadership qualities

Languages

Special Certifications / Membership

Competencies