Job title: Team Lead -Enforcement
Company: Sundus Recruitment Services
Job description: Job Code: 4545Job Title: Team Lead (Regulatory Compliance)Job Location: Abu DhabiJob Responsibilities:The role holder is responsible for managing and supporting the implementation actions to promote and protect the stability and integrity of the financial system in the state. The role holder upholds the UAE’s legislation and regulations regarding the protection of the financial system by recommending to remove individuals from designated functions to ensure they will no longer pose a threat to depositors’ and policyholders’ interests or to the company’s reputation. The role holder imposes administrative and/or financial sanctions and penalties, that acts as a deterrent to others from committing violations.Core Responsibilities
- Review referrals received from the Examination team, decide to accept or decline based on information and evidence presented
- Prepare and Draft the Commencement and Review documentation
- Prepare and Draft Administrative Charging letters according to the requirements of the Examination team referral
- Analyse referrals for Financial Institution or Entities, specifically related to Hawaladars their Liquidity, Financial Stability and Capital Adequacy
- Acknowledge and respond to communications from the concerned Financial Institute or entity undergoing the Review
- Prepare and Draft the execution Notification Letter following the review of information and data presented by the Examination Team
- Prepare and Draft recommendations on cases and present to the Supervisors for review.
- Submit the execution Letter(s)/Notifications to the Supervisor/ Governor/Board for application to the concerned Financial Institute or entity
- Co-ordinate with the Examination Team for provision of required documentation, data and information from the concerned Financial Institute or entity undergoing the execution Review
- Ensure awareness and applicable competency in all International Financial Standards and recommendations such as BASEL, FADF, OECD, IAIS, IOFI, UAE Information Security Standards and Islamic Financial Standards Board.
- Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM to agree and streamline financial penalty application and levels
- Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM in supporting the application of new regulations and legislation
- Engage with the Interagency Anti Money laundering Working Group
- Ensure awareness and applicable competency in existing and new Digital Solutions and Currencies
- Ensure cooperation and coordination with other international & national regulatory authorities and agencies in line with best international practices.
- Achieve specified organizational, management and KPI requirements and directives
- Co-ordinate with the Appeals Committee and Legal teams in regard to the provision of information and documentation following appeals on execution sanctions
- Co-ordinate with the Legal team on the provision of information and legal transfer of documentation
- Discuss proposed decisions with the Legal team prior to submission to ensure compliance and legal credibility
- Conduct regular meetings and discussions with Banking Supervision teams, Licensing, Consumer Protection and other to identify issues and themes for execution and receive cases for execution as required
- Acquire and collate the necessary evidence for possible future litigation
- Support and coordinate the discussion process with banks and FI’s, negotiate adequate settlement agreements and remedial action
- Collaborate with other law execution/security agencies and other parties who are authorized to get banking or other relevant information on CTF, AML and CFF and solicit collaboration of regulated entities where needed
- Ensure a full and complete knowledge of all risks and products available within the financial marketplace
- Embody the brand and be an ambassador in all internal & external customer transactions, communications and process applications
- Ensure seamless interactions within the department and other departments to facilitate and enable efficiency
- Perform any other duties outside the scope as and when required.
Qualification and experience:
- Bachelor’s degree in a relevant field such as Law, Finance, Management, an MBA or relevant subject
- 5-8 years’ work experience preferably in a Ministry, Banking or Financial entity
- Knowledge & Experience of a variety of Financial and Banking systems & Applications
- Proficiency in Microsoft Word, Excel & other Office programs
- Proficiency & fluency in formal report writing both in English and Arabic
- Ability to research and learn international/global banking and insurance standards
- Experience of interviewing and gathering evidence/documentation
- Detail & process orientated
- Highly detailed analytic al skills
Job Responsibilities:The role holder is responsible for managing and supporting the implementation actions to promote and protect the stability and integrity of the financial system in the state. The role holder upholds the UAE’s legislation and regulations regarding the protection of the financial system by recommending to remove individuals from designated functions to ensure they will no longer pose a threat to depositors’ and policyholders’ interests or to the company’s reputation. The role holder imposes administrative and/or financial sanctions and penalties, that acts as a deterrent to others from committing violations.Core Responsibilities
- Review referrals received from the Examination team, decide to accept or decline based on information and evidence presented
- Prepare and Draft the Commencement and Review documentation
- Prepare and Draft Administrative Charging letters according to the requirements of the Examination team referral
- Analyse referrals for Financial Institution or Entities, specifically related to Hawaladars their Liquidity, Financial Stability and Capital Adequacy
- Acknowledge and respond to communications from the concerned Financial Institute or entity undergoing the Review
- Prepare and Draft the execution Notification Letter following the review of information and data presented by the Examination Team
- Prepare and Draft recommendations on cases and present to the Supervisors for review.
- Submit the execution Letter(s)/Notifications to the Supervisor/ Governor/Board for application to the concerned Financial Institute or entity
- Co-ordinate with the Examination Team for provision of required documentation, data and information from the concerned Financial Institute or entity undergoing the execution Review
- Ensure awareness and applicable competency in all International Financial Standards and recommendations such as BASEL, FADF, OECD, IAIS, IOFI, UAE Information Security Standards and Islamic Financial Standards Board.
- Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM to agree and streamline financial penalty application and levels
- Ensure seamless co-ordination with other Ministries and Financial Bodies such as Ministry of Finance, DIFC, DFSA and ADGM in supporting the application of new regulations and legislation
- Engage with the Interagency Anti Money laundering Working Group
- Ensure awareness and applicable competency in existing and new Digital Solutions and Currencies
- Ensure cooperation and coordination with other international & national regulatory authorities and agencies in line with best international practices.
- Achieve specified organizational, management and KPI requirements and directives
- Co-ordinate with the Appeals Committee and Legal teams in regard to the provision of information and documentation following appeals on execution sanctions
- Co-ordinate with the Legal team on the provision of information and legal transfer of documentation
- Discuss proposed decisions with the Legal team prior to submission to ensure compliance and legal credibility
- Conduct regular meetings and discussions with Banking Supervision teams, Licensing, Consumer Protection and other to identify issues and themes for execution and receive cases for execution as required
- Acquire and collate the necessary evidence for possible future litigation
- Support and coordinate the discussion process with banks and FI’s, negotiate adequate settlement agreements and remedial action
- Collaborate with other law execution/security agencies and other parties who are authorized to get banking or other relevant information on CTF, AML and CFF and solicit collaboration of regulated entities where needed
- Ensure a full and complete knowledge of all risks and products available within the financial marketplace
- Embody the brand and be an ambassador in all internal & external customer transactions, communications and process applications
- Ensure seamless interactions within the department and other departments to facilitate and enable efficiency
- Perform any other duties outside the scope as and when required.
Qualification and experience:
- Bachelor’s degree in a relevant field such as Law, Finance, Management, an MBA or relevant subject
- 5-8 years’ work experience preferably in a Ministry, Banking or Financial entity
- Knowledge & Experience of a variety of Financial and Banking systems & Applications
- Proficiency in Microsoft Word, Excel & other Office programs
- Proficiency & fluency in formal report writing both in English and Arabic
- Ability to research and learn international/global banking and insurance standards
- Experience of interviewing and gathering evidence/documentation
- Detail & process orientated
- Highly detailed analytic al skills
Expected salary:
Location: Abu Dhabi
Job date: Thu, 27 Mar 2025 06:35:35 GMT
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