Manage end to end regulatory change process that includes recording and dissemination of new or amended regulations issued by CBUAE and SCA and tracking of implementation until closure to ensure compliance with regulatory requirements.
Ensure gap assessment is performed by relevant owners via an approved template.
Identify regulatory developments, requirements, and industry trends. Maintain regulatory intelligence through continuous monitoring of regulatory landscape; identify risks, mitigation, and resolution strategies.
Ensure that all regulatory submissions are accurate, submitted within the required timelines and in conformance with appropriate regulations and guidelines.
Produce Management Information (MI) reports and metrics on regulatory notices and inquiries received from competent authorities and summary reports on new regulations and impact analysis.
Requirements
Bachelor’s degree in business, or a related subject.
At least 5 years of experience in the banking/financial services sector out of which at least 3 years in a Regulatory Compliance role.
Well versed with local regulations issued by CBUAE and SCA, banking systems, concepts, and banking best practices.
Exemplary knowledge of the regulatory environment, regulatory structures, market contacts, market practice, and industry groups.
Ability to quickly acquire knowledge of regulations and rules that apply to the bank.
Strong interpersonal skills with the ability to communicate with impact, build healthy professional connections, influence outcomes, simplify complex topics into actionable recommendations for decision-making.
Ability to perform innovative thinking to solve complex problems with no established precedence while balancing risk, speed, and accuracy.