Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
JOB PURPOSE:
Reporting to the VP Regulatory Oversight, the main responsibilities of this role is to support the regulatory oversight efforts and assist with providing adequate regulatory knowledge and input to ensure comprehensive oversight activities can be performed over the application of all relevant rules and regulations that FAB Group is subject to.
The role holder will also assist to ensure proper application and oversight of all applicable rules and regulations in relation to FAB Group activity, relating to new licensing requirements, expansion plans, initiatives and regulations as they are received.
Key Responsibilities:
Assist in the identification of the regulatory challenges and solutions based the FAB Group’s risk appetite from a regulatory perspective
Assist in the development of the regulatory oversight framework around the key regulations that impact business functions and processes within the FAB Group as whole to ensure compliance with all regulatory requirements
Prepare reports on matters of regulatory non-adherence to the concerned management with appropriate solutions to ensure FAB Group is not subject to regulatory fines/ penalties
Undertake validation of management actions are adequate to ensure FAB is compliant with the regulatory requirements and report on any exceptions noted.
Assist with the ongoing efforts to provide guidance to senior management over the key regulations impacting FAB Group
Assist in effectively communicating the regulatory position and the actions that need to be implemented/ work around processes and procedures that can be adapted in order to be compliant with the regulatory requirements
Assist VP, Regulatory Oversight in other activities as needed and directed.
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Minimum Experience and Required Skills
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