Regulatory Compliance Manager - UAE National Only

Role Overview

Regulatory Compliance Manager at Emirates Islamic Bank (Emirates NBD) in the United Arab Emirates. UAE National only.

Company Overview

Emirates NBD is a market leader across the MENAT region (Middle East, North Africa and Türkiye) with a presence in 13 countries, serving over 9 million customers. It is the leading financial services brand in the UAE with a brand value of approximately USD 4 billion. The bank provides retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. Emirates NBD is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of branches. The bank operates Liv, the lifestyle digital bank by Emirates NBD, which has over half a million users and is the fastest-growing digital bank in the region. Emirates NBD is committed to welcoming young UAE nationals into an innovative, modern and supportive work environment to contribute to the nation's success.

Role Purpose

To be primarily responsible for all New Products/Services Proposal Approvals (NPPAs) received at Compliance, ensuring that all NPPAs are received, reviewed and presented to the Compliance Leadership Team (CLT) in line with NPPA Terms of Reference. The role includes providing official written and informal guidance and advice on Compliance matters to business units and support functions as required.

Key Responsibilities

Review and Guidance

• Review and advise the respective business during the initial call with Regulatory Compliance to ensure a complete and clear submission of the NPPA is maintained ahead of CLT call.
• Conduct detailed review on NPPAs from Regulatory Compliance perspective, including reference to applicable regulations, notices, and requirements, as well as previous Compliance approvals and precedents.
• Provide timely reviews and advice on Regulatory Compliance related matters to business units.

Tracking and Escalation

• Track action items and conditions arising from NPPA Review and CLT meetings, following up with business and NPPA leads to ensure timely closure.
• Escalate overdue items to the Senior Manager as needed.

Reporting and Communication

• Provide the Senior Management - Regulatory Advisory with feedback, information of sufficient accuracy, detail, quality, context, and relevance.
• Provide translation for documents received in Arabic from the regulators.

Qualifications & Experience

• Bachelor's Degree.
• Any additional relevant compliance qualifications, certifications, or courses.
• At least 4 to 6 years' experience, of which at least 3 to 4 years in a Regulatory Compliance role.
• Banking experience.
• Good understanding of CBUAE and SCA Regulations.

Skills & Competencies

• Strong understanding of banking products and related procedures.
• Good written and oral skills.
• Ability to communicate at all levels of management.
• Stakeholder management including negotiation and influencing skills.

Additional Information

• UAE National only — this position is restricted to UAE nationals in line with the UAE Government's strategy in empowering and developing nationals.