Compliance Advisor

Job description / Role

The role holder assists the Country Compliance Manager in the management of regulatory risks and provides support to the UAE Country Compliance team in its role of ensuring Standard Chartered Bank UAE meets regulator and Standard Chartered Bank Group expectations. The role holder must be fluent in Arabic

Key Roles & Responsibilities:

(1) Regulatory risk identification and policy setting
- Assist in the management of material regulatory risks in-country through measured analysis of factual scenarios and/or documentation
- Assists in the assessment of regulatory risk trends
- Assists in the implementation and embedding of new banking regulations

(2) Regulatory Relationship management
- Ensures the bank is properly prepared for regulatory inspections

(3) Regulatory advice
- Assist the Head of Regulatory affairs with regard to timely advice regarding regulatory requirements and bank compliance policies and procedures
- Provides support on application of banking laws, regulations and policies applicable to the country
- Assists in overseeing relevant administration and licensing as required by the local regulatory requirements

(4) Regulatory reporting
- Assists the country compliance team in reporting requirements to the regulator and Group

Requirements

(1) Product knowledge
-Knowledge of business areas and their products and the relevant regulatory and legal requirements that apply

(2) Interpretation & regulatory/Policy advisory guidance
- The ability to identify and assess relevant laws and regulations to provide solutions to business needs.
- Detailed knowledge of local laws and regulations including: an ability to anticipate future regulatory requirements based on thorough research; a thorough knowledge of Group policies and how they apply to the local market environment, an ability to offer considered practical and cost effective solutions to ensure regulatory compliance.

(3) Governmental and regulatory relationships
- The ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and influence them to effectively manage our external operating environment.
- Good operation knowledge of the processed and procedures involved in the maintenance and enhancement of the regulatory relationship plan.
- The strategic ability to influence local regulators through effective communications of our business intent.

(4) Product and Service delivery
- Knowledge of local regulations, Group and business policies and procedures as they apply to local business products.

Closing Dates:
The closing date for applications is 23/11/2014 Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity & Inclusion:
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.