First Gulf Bank Looking for Executive Manager – Compliance Testing at Kuwait Full Time

Job Purpose /
To effectively meet the objectives of Compliance Management and be accountable for ensuring that legislative and regulatory developments are monitored and business impact is assessed in a timely manner.
Job Accountabilities /
1. Assessments: – Assess and evaluate the appropriateness of compliance procedures and guidelines of the bank thereby providing relevant follow-up on identified deficiencies and necessary recommendations towards amendments
2. Compliance Management:
– Execute Internal Compliance Review plan and obtain bank’s status on compliance adherence.
– Proactively identify compliance issues, assess risks, escalate to them to Head of Compliance.
– Monitor and follow-up on compliance issues of departments, ensuring adequate corrective action and suitable closure
– Assist the Head of Compliance in performing periodic assessments on existing compliance controls and make recommendations to improve current operational compliance policies and practices.
– Track and monitor the bank’s adherence to limits and ratios set by Central Bank of Kuwait and highlight all violations.
– Handle any Central Bank inspection, and act as a liaison between the inspectors and the Bank Departments.
– Arrange, organize and deliver responses to Central Bank of Kuwait / Capital Markets Authority inquiries.
– Maintain close coordination with the Internal Audit, Risk, Legal and AML departments. – Follow-up appropriate corrective action in case of an identified compliance failure.
– Review new products prior to seeking Central Bank approval to help in getting the approval and reduce the time needed for that approval.
– Act as a contact point within the bank for Compliance Queries from staff members. – Increase the employee’s awareness of Compliance issues.
– Ensure the Bank’s adherence to the Capital Market Authority regulations
Education & Qualification /
Obtained Program of Study Bachelors Banking Bachelor Accounting/Finance/Economics/Banking
Qualifications Knowledge/ Knowledge of the Banking industry, compliance management and all regulations governing the banking business e.g. CBK, CMA Experience 10 to 11 years of experience in the banking industry, of which at least 8 years in compliance management or Audit background Accreditation / Licensing CMA Licensing ICA Advanced Compliance Certificatio
Job Purpose /
To effectively meet the objectives of Compliance Management and be accountable for ensuring that legislative and regulatory developments are monitored and business impact is assessed in a timely manner.
Job Accountabilities /
1. Assessments: – Assess and evaluate the appropriateness of compliance procedures and guidelines of the bank thereby providing relevant follow-up on identified deficiencies and necessary recommendations towards amendments
2. Compliance Management:
– Execute Internal Compliance Review plan and obtain bank’s status on compliance adherence.
– Proactively identify compliance issues, assess risks, escalate to them to Head of Compliance.
– Monitor and follow-up on compliance issues of departments, ensuring adequate corrective action and suitable closure
– Assist the Head of Compliance in performing periodic assessments on existing compliance controls and make recommendations to improve current operational compliance policies and practices.
– Track and monitor the bank’s adherence to limits and ratios set by Central Bank of Kuwait and highlight all violations.
– Handle any Central Bank inspection, and act as a liaison between the inspectors and the Bank Departments.
– Arrange, organize and deliver responses to Central Bank of Kuwait / Capital Markets Authority inquiries.
– Maintain close coordination with the Internal Audit, Risk, Legal and AML departments. – Follow-up appropriate corrective action in case of an identified compliance failure.
– Review new products prior to seeking Central Bank approval to help in getting the approval and reduce the time needed for that approval.
– Act as a contact point within the bank for Compliance Queries from staff members. – Increase the employee’s awareness of Compliance issues.
– Ensure the Bank’s adherence to the Capital Market Authority regulations
Education & Qualification /
Obtained Program of Study Bachelors Banking Bachelor Accounting/Finance/Economics/Banking
Qualifications Knowledge/ Knowledge of the Banking industry, compliance management and all regulations governing the banking business e.g. CBK, CMA Experience 10 to 11 years of experience in the banking industry, of which at least 8 years in compliance management or Audit background Accreditation / Licensing CMA Licensing ICA Advanced Compliance Certificatio