Manager Monitoring and Assurance

• Taking a leading role by proactively participating in Compliance meetings with the various stakeholders.
• Taking initiative by highlighting potential concerns whilst also suggesting potential solutions.
• Contributing to the achieving of the overall El Compliance objectives.
• Looking for potential synergies and quick-wins through teamwork and helping other Compliance areas.
• Taking a positive approach and leading by example.
• Assisting team members from time to time.
• Implement the Annual Monitoring & Assurance Plan based on policy requirements, to include thematic reviews around emerging risks, regulatory change, and other regulatory targeted areas of focus
• Giving priority to requests made by Line Manager, and senior management.
• Providing Line Manager with feedback, information and reports of sufficient accuracy, detail, quality, context and relevance within the given deadlines and timeframes.
• Achieve EI BAC approval on the Annual Monitoring
• & Assurance Plan.
• Implement the Compliance Monitoring Programme to ensure effective Compliance Monitoring and reporting of breaches across the El.
• Communicate the updated El Compliance Monitoring Programme to the concerned stakeholders for review and challenge.
• Monitoring the El units against regulatory requirements, best practice and internal compliance requirements.
• Reassess and continuously review the Compliance Monitoring Programme and Plan on a regular basis to ensure it remains focused and reflects the changing control environment.
• Review the control environment to identify key compliance risks and controls.
• Based on key areas of compliance risk across the El, conduct quarterly /annual planned and adhoc monitoring activities.
• Undertake Quality Assurance (QA) reviews as required for Tanfeeth Compliance & EI Compliance.
• Present / discuss findings to related stakeholders and agree on issues and actions emanating from the review.
• Accurate maintenance of respective MI and timely follow-up for closure of the observations raised during CMP/QA.
• Ensure that monitoring activity is conducted and completed in a timely manner.
• Coordinate with Compliance counterparts, across the Group and undertake joint reviews as required.
• Identifying common Compliance risks and issues across the Group.
• Undertake Quality Assurance (QA) reviews as required.
• Identify breaches / control failures or weaknesses.
• Ensure that impacted stakeholders are engaged from start to finish.
• Present findings to related stakeholders and agree on issues / actions emanating from the review.
• Providing the necessary progress updates around addressing audit observations to ensure timelines are met and the appropriate updates are given to different committees as appropriate.
• Follow-up and track closure of Compliance related audit observations. Taking the necessary actions to close out any audit observations or, where dependent on other units, systems or resources; following-up until such closure has taken place.
• Maintain and update log of all compliance related issues.
• Follow-up and track closure of compliance related audit observations in Monitoring and Assurance team and ensure all exceptions are closed within the timelines and also appropriate controls/processes are in place to avoid reoccurrence.

Qualifications :

• Preferably a Bachelors/Master's degree, with specialization as an Auditor, Operational Risk or Regulatory Compliance.
• Minimum of 5 years’ experience in a Banking or Financial Institution with a minimum of 3 years in a monitoring / regulatory role.
• Good understanding of the key compliance risks pertinent to the core activities within the bank covering Retail, Corporate, Treasury, Private Banking, Investment Banking and Asset Management.