Manager Compliance, FCRA and Projects

Role Overview

Manager Compliance, FCRA and Projects at Mashreq, responsible for safeguarding the bank from financial penalties and regulatory actions linked with non-adherence to Financial Crime Controls laws and regulations.

Role Purpose

To establish and maintain an effective Financial Crime Risk Assessment and Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) program across the bank, mitigate money laundering, terrorist financing, proliferation financing and anti-bribery and corruption risks, and ensure full regulatory compliance through robust controls, monitoring and stakeholder coordination.

Key Responsibilities

Financial Crime Controls & Compliance Assurance

• Provide assurance to the FCRA Manager and AML Projects team that all processes and controls required to comply with AML/CFT regulations are embedded in bank processes and procedures.
• Assist with execution of an effective FCRA program, preferably through an automated system, across the bank to mitigate the risk of Money Laundering, Terrorist Financing, Proliferation Financing and ABC.
• Monitor emerging money laundering trends and provide recommendations in line with the bank's risk-based AML policy, KYC Guidance and risk appetite framework.
• Develop and be responsible for record keeping.

Regulatory & Audit Coordination

• Assist in facilitating external regulatory examinations, internal audits and coordinate with business to ensure timely closure of audit findings and action items resulting from regulatory, internal and external audit.
• Conduct investigations as necessary, appropriate or as directed or required by Regulators, AML/CFT, Sanctions and Head Office Compliance units.
• Develop excellent professional rapport and relationships with all relevant Regulatory Authorities, ensuring full cooperation, timely and satisfactory resolution of any queries from them and timely delivery of all necessary regulatory reporting where required.

Policy & Framework Development

• Pro-actively recommend improvements to the framework, structure and workings of Compliance in line with business needs and plans and Head Office Compliance guidelines.
• Assist Head Office Compliance in formulating bank-wide policies, especially AML policy, Semi-Annual MLRO Report, KYC Guidance on various high-risk jurisdictions and conflict zones, and personal investment policy.

Projects & Implementation

• Facilitate Compliance Regulatory projects and provide oversight on implementation of those initiatives across Mashreq locations.

Stakeholder Communication & Coordination

• Share regular updates, communications and developments from a regulatory aspect that are deemed to be of interest and importance for the business to assist in the development of compliance awareness and understanding, including a summary of business impact and required actions where appropriate.
• Pro-actively liaise, coordinate and assist other Embedded Compliance Functions as appropriate and necessary for timely and satisfactory closure of cross-group and pan-bank issues as directed and in liaison with Head Office Compliance.

Budget Management

• Plan, manage and meet budget expectations.