JOB DESCRIPTION / ROLE
About CBD
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.
Job overview
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.
Key responsibilities
- Assist with the implementation of regulatory compliance controls, ensuring consistency and integration with the operational risk framework.
- Prepare and manage the regulatory breach register, regulatory reporting and advisory registers, and ensure all relevant information is captured accurately.
- Assist with the validation of evidence and closure actions for relevant obligations detailed in the obligations register.
- Assist and guide management in responding to enquiries or requests from regulators and other stakeholders as appropriate.
- Assist in logging, tracking and reporting advisory emails.
- Assist in the preparation of a detailed monthly regulatory obligations dashboard (sent to senior management).
- Assist with the internal documentation and communication of key relevant regulatory developments.
- Participate in reviewing the bank's policies and procedures and ensure that they are aligned to regulatory requirements.
- Research, analyze and provide recommended remediation efforts (where required) in collaboration with internal stakeholders.
- Effectively communicate and report on plans, status, issues, breaches, risks and requirements to all relevant stakeholders.
- Assist regarding the reporting of compliance metrics to compliance data analytics, risk management and operational risk.
- Draft, assemble, and file documentation and submission materials to regulatory authorities within the required timelines and in conformance with appropriate regulations and guidelines to ensure timely regulatory reporting.
- Assist in the interpretation and evaluation of existing, 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 the 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, as well as assist in preparing monthly RCSA evidence to the quality assurance team.
- Participate as may be required in regulatory examinations and audits.
- Undertake other activities as assigned from time to time.
Requirements
- The jobholder is required to contact and interact with all departments and functions of the bank that may require advice (e.g. business lines, credit, operations, and branches).
- Bachelor's degree as a minimum from a recognized university.
- Well versed with local regulations, banking systems, concepts and banking best practices.
ABOUT THE COMPANY
In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.
By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.
Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.
