Key Responsibilities

Develop and or establish Compliance framework comprising of Charter, Policies & Procedures.
Establish a risk-based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the compliance risk management framework
Ensure adequacy, effectiveness & efficiency of Compliance functions & Compliance Controls (i.e., Regulatory Compliance, Data Privacy/Protection, Financial Security, Market abuse, Suitability, Deontology, Conflict of Interest etc.) in accordance with regulatory & policy requirements.
Cause to increase Compliance knowledge of the organization through training and awareness programs..
Report material findings, anomalies & recommendations pertaining to compliance risk related issues to senior management and Board Members..
Have oversight of all compliance monitoring activities.
Serve as the point of contact/liaison between the Bank, Regulators, and relevant external parties on compliance related matters/queries.
Provide guidance & advice to relevant functions within the Bank towards strengthening regulatory compliance and mitigating Compliance risks.
Ensure participation in relevant committees, reviews, and preliminary investigations to consider & highlight Compliance issues/ risks and make recommendations for enhancing compliance controls.
Procure tools & systems as required for management of compliance risk.

Job Specification:

Minimum bachelor’s degree in Business or Accounting from a recognized university.
Professional qualifications in Risk & Control professions, i.e., Audit, Compliance, Risk Management etc.
Minimum of 10 years in Risk & Control professions, i.e., Audit, Compliance, Risk Management
Awareness and knowledge of Audit, Risk Management, Data privacy/Protection, Governance & or Compliance in a banking environment.
Analytical, Communication & Negotiation skills, Presentation skills
Good knowledge of Islamic banking operational process.