Associate Director, Retail Banking Compliance

Job description / Role

Purpose:
* Provide advice, guidance and best practice awareness and training to in country Retail Banking internal stakeholders on: policies, procedures and standards; regulatory standards, reguirements and regulatory change impacting Retail Banking.
* Promote, lead and manage the culture and practice of Compliance in Retail Banking within regulatory requirements and ethical standards consistent with supporting the Group's strategic direction and growth aspirations in Bahrain.
* Establish and maintain frameworks within Retail Banking Bahrain to ensure compliance with applicable banking regulations, internal policies, procedures and codes so as to protect the reputation of the bank with its regulators and balance the needs of other stakeholders.
* To identify, mitigate, monitor and manage regulatory risks across Bahrain.
* Ensure the effectiveness of the Group's management of Compliance and Regulatory Risk issues by taking Country level responsibility and leadership for:
* To maintain close and open relationships with the regulators in Bahrain

For the following functions: business, regional and country Compliance teams:
* Carry out responsibilities as the champion for FATCA policy and procedures by providing advisory and ensuring any material issues are escalated and reported to senior management.
* Assist in assessment and applicability of new regulations applicable to Retail Banking.
* Provide advice to Retail Banking on applicable local laws and regulations and ensure these are embedded through review of Product programs and country addendums.
* Oversee the implementation of other Compliance policies and procedures through appropriate training and communication and, where necessary, recommend appropriate Compliance policies and procedures for approval by relevant committees. Support implementation of Business Compliance policies and procedures.
* Ensure effective management of Retail Banking compliance matters across Bahrain. Assume active involvement in problem-solving and crisis management over critical issues that have an impact on the Bank's business/operations in Bahrain.
* Advise Retail Banking on material Compliance issues as required and provide support on material compliance and regulatory risk issues to ensure they establish and monitor appropriate arrangements for meeting regulatory obligations and maintain high standards of conduct, in accordance with internal policies.
* Promote the migration of best practice and lessons learned across the Bahrain Retail Banking network.
* Ensure effective handling and tracking of client complaints from the Central Bank of Bahrain (CBB) and liaise with the Service Quality team till resolution.
* Act as country champion for Gift and Entertainment Policy/Procedures and ensure effective rollout and training. Advise business and functions on policy requirements.
* Facilitate Wealth Management business by reviewing proposals for Structured Notes and Mutual Funds of Mutual funds requiring approval from the CBB and handling any queries from the regulator in this regard.
* Assist the Head of Compliance in carrying out responsibilities as risk control owner for applicable processes under the Operational Risk Framework by reviewing the residual risk ratings submitted by Retail Banking segments.

Requirements

-- * Undergraduate degree in Law or Business Administrion/Finance. Professional Certifications in Compliance or Risk Management
* At least 3 years of experience in regulatory compliance.
* A strong understanding of the regulatory environment in Bahrain
* Strong analytical skills.
* Good judgment enabling the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of compliance and regulatory risk.
* Personal authority, integrity and ethics.
* An inquisitive and proactive approach to practices, procedures and specific transactions.
* Independence, robustness and resilience.
* Sharp business acumen, including the ability to assess risk.
* Strong integrity, independence & resilience.
* Personal authority with proven ability to establish relationships and exert influence at senior levels of the Group and with regulators and other external stakeholders.

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.