Associate Vice President Conduct Risk Compliance RAKBANK UAE

Associate Vice President Conduct Risk Compliance at RAKBANK UAE is responsible to oversee and manage the conduct risk compliance function, ensuring adherence to regulatory requirements and internal policies to mitigate risks and protect the bank’s reputation.

Responsibilities of Associate Vice President Conduct Risk Compliance

• Communicate compliance objectives, scope, risks, and findings articulately and with impact to individuals at various levels of business management.
• As a self starter, leverage a passion for continuous innovation to drive organizational improvements and impacts.
• Work effectively on unstructured tasks to provide structured output.
• Interview relevant stakeholders to document, understand, and assess relevant conduct risks and controls.
• Execute testing of control design and control operating effectiveness of first and second line of defense business functions specific to conduct risk.
• Efficiently manage routine client status meetings, audit requests, and other administrative tasks.
• Assist in the documentation and risk-based evaluation of audit observations and findings.
• Reporting misconduct and serving as a source of information for reporting instances of misconduct, unethical practices, or violation of laws and regulations in the bank.
• Maintaining confidentiality and protecting the anonymity of whistleblowers, ensuring their safety and shielding them for retaliation
• Collecting and maintaining detailed records and evidence related to reported incidents, including dates, individuals involved, and any supporting documents.
• Collaborating with relevant departments, such as legal or compliance, to communicate and escalate reported concerns, ensuring appropriate actions are taken.

Requirements of Associate Vice President Conduct Risk Compliance

• Advanced degree in accounting, or similar related field is preferred.
• Relevant compliance professional certifications are preferred (Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) etc.).
• Minimum of 5 years’ experience in banking or financial services, with a focus on compliance.

Skills and Knowledge Desired

• Strong understanding of internal controls.
• Attention to detail and knowledge of relevant laws and regulations including banking.
• Ability to visualize potential real life end to end business scenarios to design / strengthen controls.

Job Benefits

• Pay for performance culture (Competitive and performance linked compensation).
• Provision of medical care plan for your family and you.
• Comprehensive Life insurance plan.
• Diverse workforce and inclusive culture.
• Career development and growth opportunities by design.
• Work with the best minds in the field.
• Get opportunities to bring your whole self to the organization and perform to your best.

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Tagged as: Vice President