Compliance Officer – Monitoring, Assurance and Testing (CMAT)

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Company:
Location:
Manama, Capital Governorate, Bahrain
Salary:
Competitive
Employment Type:
Full time
Sector:
Accounting & Finance, Compliance/Legal, Corporate Banking
Sub Sector:
Trade Finance, Compliance Regulatory, Financial Advisory Services
Position Type:
Permanent
Job Reference:
1741902
Date Added:
26-May-2017

Job Description

Key Accountabilities:

  • Establish an enterprise-wide compliance monitoring, assurance and testing strategy
  • Develop, implement, and maintain an enterprise-wide compliance monitoring, assurance and testing program, as well as supporting policies and procedures
  • Oversee the execution of the compliance monitoring program in all Units, reviewing results and providing guidance to the Compliance Heads on Group standards and best practice
  • Oversee the monitoring and resolution of compliance issues, ensuring they are tracked and reported at the appropriate level of seniority based on risk rating
  • Develop and manage the annual Group compliance testing plan based on the Group compliance risk assessment
  • Prepare Group compliance testing reports and present findings and recommendations to Group Compliance Officer and Senior Management
  • Monitor regulatory activities and industry developments to identify trends and emerging issues. Revise the monitoring and testing program as appropriate
  • Maintain an understanding of business operations
  • Assist with ad-hoc compliance projects
  • Work collaboratively with Operational Risk and Internal Audit to inform the compliance testing plan
  • Lead or assist in investigating compliance issues such as regulatory or policy breaches, as needed
  • Perform tactical ad hoc reviews based on identified key risks
  • Perform other duties as assigned by management

Job Requirements:

Knowledge

  • 8-10 + years experience in managing a compliance monitoring, assurance and testing program.
  • Strong computer skills including knowledge of risk management systems.

Education / Certifications

  • Minimum Bachelor degree

Experience

  • 10+ years of experience in the financial services industry with a focus on monitoring and testing. Preferably with a strong background in operational risk and/or internal audit. Experience in overseeing projects across multiple jurisdictions.

Personal Attributes

  • Self-motivated, and pro-active team player. Strong written and verbal communication skills with an ability to foster a collaborative working relationship with multiple functional areas. Excellent analytical, technical and problem solving skills with a strong attention to detail. High ethical standards.