Assistant Manager Investment Advisory Governance Mashreq Bank Dubai

Mashreq Bank Dubai is presently hiring suitable candidate for the job role of Assistant Manager Investment Advisory Governance. This is an intermediate level and full time role and for this job the salary ranges from 10000 AED to 20000 AED. The vacancy was announced by the bank on 8 June 2024.

Job Purpose of Assistant Manager Investment Advisory Governance

• To look over the end to end process for client suitability covering Private Banking and Mashreq Gold.
• To design and implement a robust digital end to end HNWI suitability framework covering client Risk profiling (risk capacity and risk tolerance) and product rating and product risk rating (covering structured products, Mutual Funds, Fixed Income, equities, Bespoke Products).
• To design and Implement proper control and governance framework around client suitability to allow and detect deviations and have proper remediation processes in place.
• To look over the Investment process and work out digital solutions to enhance customer experience and ensure proper controls are in place for pre and post sales process

Responsibilities of Assistant Manager Investment Advisory Governance

• Support implementation of internal control and governance standards for Investment sales as per SCA’s rules and requirements.
• Ensure all staffs (Investments) are Accrediate as per SCA requirements.
• Ensure all accredited staffs have completed their mandatory CPD trainings to adhere to the regulatory requirement.
• Be aware of requirements laid down by Central Bank, SCA (Securities and Commodities Authority) and Compliance and provide guidance to front end staff to implement the same.
• Ensure all regulatory reporting are do on time and keep a track of the same
• Ensure unit is adhering to efficiency, best practice, and control through benchmarked services delivery & operational standards within the framework of SOPs, policies & CB regulations.
• Monthly review of all governance practices within the unit to reduce business risk.
• Provide qualitative & tangible inputs thru identification of any Process gaps, Control breakdowns by way of adhoc reviews.
• To manage Internal Control and Governance Standards for customer onboarding for both digital and sales assisted journeys.
• Create System Operating Procedures, monitoring of Key Risk Indicators in line with Operational Risk framework, Business Risk policies and Risk Control Self-Assessment (RCSA)
• Ensure all applicable risks are identify and RCSA Risk register is update accordingly.
• To escalate any failures during RCSA testing & ensure controls are review and remediated to mitigate any further risks.
• Analyze, review and identify any risk triggers from the MIS and highlight the same for any process improvement.
• Actively participate in team engagement meetings / events.
• Ensure completion of training modules including Islamic trainings & awareness of risk for all staff.
• Develop self-governing practices that help detect fraudulent applications or any process breach.
• Ensure audit recommendations are embedded into business-as-usual mode & satisfactory closure of all open items.

Requirements of Assistant Manager Investment Advisory Governance

• Bachelors degree in Business, Accounting, Finance or related field.
• 3 to 5 years of solid banking experience in operations environment with a thorough understanding of banking product and implication of operational risks with a pro-active approach to problem solving.

Skills and Knowledge Desired

• Excellent working knowledge of process design & banking systems.
• Knowledge of banks SOP, Operation Procedure Manual (OPM), Procedures Manual (APPM) , AML & KYC Policy, and Compliance

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