Director Level Retail Compliance

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Company:
Location:
Dubai, United Arab Emirates
Salary:
45,000 AED/month
Employment Type:
Full time
Sector:
Compliance/Legal, Retail Banking
Sub Sector:
Compliance Regulatory, In-house Legal, Other
Position Type:
Permanent
Job Reference:
1819665
Date Added:
27-March-2017

Job Description

 

·        Be a ‘trusted advisor’ to Retail Banking and Wealth Business and provide timely advice to ensure compliance with all relevant laws and regulations.  

·         Provide regulatory advice, analysis (and challenge when appropriate) in relation to the full product life cycle including product design through to post sale reviews/ assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations.

·         Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.

·         Proactively support and challenge the Group’s businesses and functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the Group’s clients.

·         Work closely with the business to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.