Head of Compliance Advisory & Documentation Review - Compliance Group
Bank Aljazira
مجموع سنوات الخبرة :23 years, 7 أشهر
- Investigating and identifying the inherent causes of compliance potential risk and AML risks in the current / new product initiatives and business relationships in order to provide effective control & guidance.
- Designing risk mitigation strategies for various departments in response to changing laws, regulations, and guidance.
- Authoring the Compliance Annual Report and /or other reports as requested by business functions and Bank Management.
- Involved in the Key Contributions Tasks and projects of the Compliance & AML Function.
- Developing a trusted Compliance advisor function to multiple business Areas to relay in-depth and purposeful input regarding operational methods, best practices, and recommendations.
- Providing expert advice in verifying the accuracy and adherence to regulatory requirements of policies, procedures, best practices, contracts, agreements, forms, and advertisements.
- Review all policies, procedures, Forms, SLAs, Ads, BRDs, and RFS and ensure that they do not conflict with the instructions and regulations of SAMA.
- Review all new and updated products and services and ensure that all regulatory requirements are applied.
- Respond to all inquiries received from the business side, with correct and accurate responses, and document this in the registry file.
- Maintaining, archiving and updating management files in a proper manner where it is easy to refer to when needed.
- Reviewing all outsourcing contracts / agreements and making the right decisions and ensuring that they do not conflict with SAMA outsourcing laws.
- QA Process and Development, and adhere to service level agreements and implement all tasks which mentioned in the Compliance & AML program.
Advise and assist tasked business Division in dealing with costs of overall business compliance.
Update the business on their compliance status based on new SAMA regulations and circulars and ensure best compliance level achieved.
Participate in the early stages of product development in the businesses, of all new products and services, forms, contracts, agreements, policies and procedures to manage compliance risks, ensure overall compliance and meets customer needs, and that their queries are responded timely.
Deliver high compliance awareness to staff, thereby creating enhance customer relations, reduced customer complaints, reduced losses/compensation and improves SAMA relations.
Coordinate with the business in approaching SAMA on products and services regulatory matters, including primary contact with SAMA for approval of new/revised products and services, forms, contracts, agreements, policies and procedures, where applicable.
Coordinate with businesses to ensure requirements are appropriately assessed and addressed and those marketing and sales materials as per SAMA's related Regulations.
Advice the Compliance Advisory Manager on training and competence needs of the Businesses, perform the training for them.
Assist in developing a monitoring program for the assessment of Compliance competence in Businesses.
Assist for Annual Compliance Risk Assessment workshops, and perform Compliance Risk Assessments on businesses products, services, contracts, agreements, Policies & Procedures
Review key documents and agreements with any third party service suppliers to the businesses.
Monitor systems controls and report on compliance in key areas such as contractual and regulatory.
Ensure all written materials comply with relevant regulations, both domestic and international.
Ensure a Compliance Risk Register is developed and maintained up-to- date.
Participate in Project Meetings for Businesses new & revised Products, Services, Forms, Contracts
Compliance Division - Compliance Monitoring Manager
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