Senior Compliance Monitoring Officer

About the Role
The Senior Compliance Monitoring Officer assists in the execution of compliance monitoring reviews of the First Line of Defense to provide assurance on the effectiveness of compliance controls. The Senior Officer Compliance Monitoring assists in the planning, scoping, fieldwork, and reporting for assigned compliance reviews as per the Annual Compliance Monitoring Plan.

Key Accountabilities of the Role

• Assist in performing compliance monitoring reviews as assigned by the line manager/Head of Compliance Monitoring and Assurance Team (CMAT) and support the Senior Compliance Assurance Managers.
• Provide timely feedback on findings to stakeholders during the process of performing compliance reviews.
• Ensure that compliance breaches are identified, escalated, and logged in the Governance, Risk, and Compliance (GRC) system.
• Agree on realistic and timed action plans to mitigate the risks identified during compliance monitoring reviews.
• Adhere to the Compliance Monitoring Standard Operating Procedures (SOP), including completion of the Process, Risks, and Controls (PRC) document and Work Papers.
• Maintain all relevant records on the department's shared drive.
• Undertake any other duties or tasks as assigned by the Line Manager/Head of CMAT.

Deliverables / Results

• Timely and accurate completion of assigned reviews.
• Timely recording of compliance incidents and findings.
• Complete and accurate record-keeping.

Specialist Skills / Technical Knowledge Required for this Role

• Knowledge and experience in scoping, designing, developing, and conducting risk reviews.
• Knowledge of Central Bank (CB) UAE rules and regulations.
• Bilingual in English and Arabic is an advantage.
• BA/BSc or higher degree in business (MBA), finance, or a related subject.
• Ability to build constructive and effective relationships with peers and seniors.
• Strong communication, analytical, written, and oral communication skills.
• Team player.