Careers for a Changing World of Islamic Banking.Manager - Regulatory Compliance Posted On12 Mar, 2024 TypePermanent Job CategoryRegulatory ComplianceTo perform the tasks as required of the Manager - Regulatory Compliance for the organization. Theprimary responsibilities entail ensuring that the organization is in compliance with all regulatory obligations as set outby the industry regulators, other applicable laws and industry practices within the market. The responsibility alsoentails the maintenance and development of all relevant procedures and policies as required in order to ensureadherence to the organizational regulatory Compliance framework. KEY ACCOUNTABILITIES:1 To assist in the implementation of an enterprise wide Regulatory Compliance Monitoring Program to ensurethat the bank's units/staff are functioning in accordance with regulations2Reporting and monitoring of incidents of non-compliance to Senior Management following up on raisedmatters ensuring satisfactory resolution/reporting as appropriate.3To maintain positive and professional relationships with line management to complete compliance reviews &objectives effectively and efficiently.4To keep abreast/informed of new regulations/laws current developments in the banking environment, andtheir implications to ensure that SIB's regulatory policies and procedures do reflect these.5Keep informed about the improvements and developments in the compliance area and accordingly updatethe subordinates in order to improve the compliance quality throughout the organization.6Assist in the implementation of the department quality assurance program to ensure that the department isfunctioning at a high level of efficiency and effectiveness.7Regulatory Notices/ Communication: Ensuring that information is collected and supplied as applicable fromrelevant areas and stakeholders. Ensuring appropriate follow up and conclusion of task.8 Performing any other duties or responsibilities assigned by the Line Manager or Head of Department. Frame Work:Exercises financial responsibilities at the level established by Management for this position.Works under general direction, of governmental regulatory agencies, the Central Bank.Works according to established procedures within the policy of the bank. Makes own decisions for matters within thescope of the position and refers major decisions and recommendations to higher levels of supervision for furtherdiscussion, approval and handling. KEY SKILLS:Strong written and oral communication skillsKnowledge in banking principles and practicesInterpersonal and Negotiation SkillsKnowledge in banking products and facilitiesLeadership SkillsTime Management Decisions MakingA minimum of 5 years experience in banking with at least three years in a similar capacityUniversity degree in Financial & Banking Science, Financial Management Language Skills: Strong in both oral and written : Arabic & English.Email address* Sharjah Islamic Bank (SIB) started servicing the society in 1975; providing banking services to individuals and companies. An Amiri decree; released by His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi the member of the Supreme Council & Ruler of Sharjah, was issued to launch & green-light the bank expedition. The bank was originally founded as National Bank of Sharjah and was suited the first bank to convert to Islamic Banking in 2002.The revolutionizing from commercial banking to Islamic banking was a significant twist for the bank. Not only were specialized products & services modulated for customers, the banks entire organization was converted to be conventional to Islamic regulations. Now, SIB offers customers a broad range of Sharia'a compliant retail, corporate & investment services through the extensive UAE networks.
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