•Ensuring compliance with applicable laws, rules, regulations, and guidelines.
•Advocating and facilitating the development, implementation, communication and maintenance of compliance across all country operations, working closely with country functional heads.
•Responsible for developing a country specific compliance strategy to ensure ongoing compliance, consistent with applicable laws and regulations.
•Develop country specific procedures, in alignment with Head Office policies and guidelines.
•Partner with country functional heads to ensure respective procedures accurately reflect compliance requirements.
•Maintain current understanding of Country Risks including regulatory requirements, Bank products, services, and customer types (e.g. Risk Control Matrix).
•Monitor and assess Compliance program effectiveness at a Country level (e.g. Country Compliance Report, Compliance Self Assessment, and Stoplight Report).
•Ensure continuous enhancement of awareness and knowledge of compliance guidelines and requirements through preparation and dissemination of compliance communications and education.
•Identify opportunities for improvement, establish action plans, and lead initiatives to further strengthen the Country compliance program.
•Review new products and services to ensure that all regulatory rules and guidelines are reflected in the policies and procedures.
•Liaison with regulators as appropriate.
•Communicate significant issues to Country Head and senior management.
Key Performance Indicators:
•Progress made in implementing Compliance program and action plans.
•Timeliness and accuracy of Country Self Assessment.
•Level of awareness and understanding of Compliance guidelines across functions in the Country.
•Regulatory and Internal Audit reports
8 years minimum Compliance experience with a leading International institution
•Fluent in English & Arabic languages.
•Strong analytical skills.
•Good presentation, communication, and interpersonal skills.
•Good understanding of Compliance practices and local regulations.
Degree from a recognized university; advance/graduate degree preferred."
- Job Location:
- Al Kuwait, Kuwait
- Company Industry:
- Financial Services
- Company Type:
- Employer (Private Sector)
- Job Role:
- Joining Date:
- Employment Status:
- Full time
- Employment Type:
- Monthly Salary Range:
- Manages Others:
- Number of Vacancies:
- Career Level:
- Years of Experience:
- Min: 7
- Residence Location:
- United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen
- Bachelor's degree / higher diploma