Associate Analyst Compliance Officer

International Bank in DIFC:

Key Responsibilities

• Participate in the implementation of the bank’s compliance control organization (policies, procedures, systems & controls).
• Participate in the strengthening of the governance of the Compliance function, including but not limiting to regulatory watch and participation in local and global projects and innovation initiatives.
• Issue compliance and financial security opinions on compliance risks related to counterparties and transactions.
• Investigate alerts and make decisions on the dispensation of the alerts.
• Perform controls to assess effectiveness of the compliance risk management framework.
• Provide guidance and feedback to operational and middle office staff performing first level controls on transactions and KYC’s.
• Maintain close contact across internal departments in order to anticipate and proactively address compliance issues as well as disseminate compliance culture.
• Contribute to the staff training program in relation to compliance topics.
• Support the Compliance Manager to assess the compliance impact of new products and activities and issue compliance opinions.
• Maintain an updated knowledge of changing compliance policies and regulatory requirements and support the Compliance Manager to assess impact on policies and processes.
• Support the Compliance Manager in regulatory interactions, including reporting requirements and other correspondence.
• Organize the compliance committees including information packs, and represent the compliance function in other control committees as assigned.
• Provide back-up to other members of the team during absences

Qualifications

Bachelor’s degree minimum. Experience

Experience

• Between 2-5 years of experience in the wholesale / corporate / private banking segment within a major international bank preferably with exposure to multiple jurisdictions, including at least 2 years in an independent compliance function – though experience in compliance related positions or other control functions (e.g. Risk) may also be considered.
• Experience in the Middle-East region is required.

Skills Technical Skills

• Financial security (AML/Sanctions) risk assessment
• Knowledge of and experience in the main activities of investment and corporate banking services

General Skills

• Analytical and communication skills required as well as the ability to cooperate/work effectively across disciplines.

Language Skills

Must be completely fluent in Arabic and English (written and spoken).

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