Senior Officer, Law Enforcement (UAE National)

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile. 

The role holder is responsible for handling and addressing the regulatory notices and inquiries received from competent authorities within the requested timelines. The role holder shall assist with the implementation of an effective regulatory compliance control framework within the organization to ensure adherence to laws, regulations and guidelines relevant to CBD’s business activities.

Responsibilities:

• Day-to-day management of the regulatory notices and inquiries received from competent and law enforcement authorities as per the Bank’s internal policies and procedures.
• Draft, assemble, and file documentation and submission materials to regulatory authorities within the required timelines and in conformance with appropriate regulations and guidelines.
• Record and track regulatory inquiries received and devise processes to monitor regulatory matters.
• Produce Management Information (MI) reports and metrics on regulatory notices and inquires received from competent authorities and summary reports on new regulations and impact analysis.
• Assist in the interpretation and evaluation of proposed, new and amended regulations to assess the impact of these regulations on the business.
• Assist with the identification of regulatory developments, requirements, and industry trends. Maintain regulatory intelligence through continuous monitoring of regulatory landscape; identify risks, mitigation, and resolution strategies.
• Assist the Quality Assurance team with the identification of adverse trends, poor controls and systemic risks as a Regulatory Compliance subject matter expert.
• Participate in all regulatory examinations and audits.
• Prepare and manage a regulatory breach log and report all regulatory breaches.
• Assist with the review of Regulatory Compliance policies and procedures as and when required.
• Assist with the implementation of Regulatory Compliance controls, ensuring consistency and integration with the Operational Risk framework.
• Assist with the internal documentation and communication of key relevant regulatory developments.

Qualifications:

• Bachelor's Degree as a minimum from a recognized university.
• Well versed with local regulations, banking systems, concepts and banking best practices.

Experience:

• At least 3+ years of experience in the banking/financial services sector.

Skills:

• Good command of English and Arabic language.
• Planning and organizing skills
• Report writing skills
• Time Management skills

Competencies:

• Communicating effectively.
• Thinking analytically.
• Team working
• Taking initiative