Compliance Officer

Role Overview

Compliance Officer at Mashreq. The role supports the Manager Compliance and Assistant Compliance Manager in the day-to-day operations of the ECF unit, ensuring the bank's adherence to AML/KYC policies, procedures, and regulatory requirements.

Role Purpose

Support the compliance function by maintaining awareness of all regulatory requirements set by the Central Bank of the UAE, assisting business areas to achieve their goals while adequately addressing compliance issues, and intervening where necessary to prevent exposure to regulatory, reputational, or other risks. Provide compliant and workable solutions to business units on regulatory requirements and support the implementation of compliance initiatives across RBG.

Key Responsibilities

Regulatory Knowledge & Monitoring

• Maintain ongoing awareness and current knowledge of all applicable internal and external compliance requirements.
• Monitor the existing and emerging legal, statutory, and regulatory environment to identify issues that could impact the bank.
• Maintain awareness of all regulations set by the Central Bank of the UAE and interpret them to relevant units within the organization.

Policy & Procedure Compliance

• Assist the Manager Compliance and Assistant Compliance Manager in ensuring the bank's internal procedures and policies remain compliant with regulations and changes.
• Provide guidance and advice to relevant stakeholders on compliance matters.
• Review eName checker referrals from branches, enabling functions, and operations and provide compliance feedback in accordance with bank policies and Central Bank regulations.

Customer Due Diligence & Risk Assessment

• Provide support for the enhanced due diligence process on businesses classified as high risk prior to account opening or credit proposals.
• Review high-risk relationship proposals, especially cases escalated to senior management or business group heads.
• Ensure all risks are appropriately highlighted for sign-off on high-risk proposals.

Training & Awareness

• Assist in AML and Compliance training programs for stakeholders on an ongoing basis to raise awareness.
• Ensure all staff understand their responsibilities and obligations regarding Corporate and AML policies and regulatory, legal, and statutory requirements.

Reporting & Documentation

• Assist in preparation of assigned reports and Management Information Systems (MIS) on issues relating to RBG Compliance.
• Ensure reports are provided in a timely manner to the Manager Compliance.
• Complete all assigned tasks within agreed Service Level Agreements and turnaround times.

Systems & Projects

• Assist in implementation of customer screening systems by conducting User Acceptance Testing (UAT).
• Represent compliance in any ad hoc projects as directed by the Manager Compliance.

Compliance Initiatives

• Support the Manager Compliance and Assistant Compliance Manager in implementation of compliance initiatives in RBG as determined and guided by the Unit Manager and Headquarters Compliance from time to time.

Qualifications & Experience

• Bachelor's degree.
• 3-4 years of banking experience.
• Basic knowledge and understanding of local regulatory rules and legislation and various international requirements.

Skills & Competencies

• Computer literate with good command of spoken and written English.
• Strong presentation skills and ability to communicate effectively.
• Efficient and logical approach to problem-solving.
• Sound decision-making ability.
• Ability to work independently and as part of a team.
• Excellent organizational and time management skills.
• Attention to detail and commitment to maintaining high standards of compliance.
• Proactive and solutions-oriented mindset.