About this role
To support Head of Regulatory Compliance for Mashreq Digital Bank in Pakistan in ensuring that the Bank remains compliant with all applicable regulatory requirement issued and directions given by the Financial Regulatory Authorities in Pakistan and risk mitigation strategy is in consistent with Mashreq Group’s vision.
Risk Mitigation
- To ensure that key changes (to Laws, Regulations and rules) are identified and disseminated to the relevant stakeholders in country and globally, if required.
- Assistance to Head Regulatory Compliance to identify the horizon risks related to regulatory framework.
- In the event of critical regulatory breaches, or where risk tolerance has breached, assist Head of Regulatory Compliance with the relevant work streams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate the same.
- Support the business with regulatory exams, audit and supervisory inspections and assist them along with Head regulatory Compliance to prepare the response to the regulator.
- Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is norm.
Processes
- Build trust through meeting regulatory commitments and having regular briefings / engagement with regulators.
- Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Bank’s business and its operations.
- Support Head of Regulatory Compliance to provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
Governance
- Assist in implementing the automated Compliance risk management system in line with the regulatory requirements as given in Compliance Risk Management guidelines of SBP.
- Liaise with the Law Enforcement Agencies in relation the production orders issued to
- the Bank.
- Periodic reporting and timely escalation of significant risks and issues arising from Compliance monitoring /regulatory examination through appropriate governance channels.
- Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels.Liaise with the Law Enforcement
- Agencies in relation the production orders issued to the Bank.
Periodic reporting and timely escalation of significant risks and issues arising from
Behavioral Skills
Excellent analytical and problem-solving skills.
Ability to communicate and collaborate effectively with stakeholders including senior officers both within country and Mashreq Group.
Ability to work on and deliver multiple assignments with required quality and within timelines.
Self-motivated and driven individual who can operate with minimal supervision.
Technical Competencies
Good understanding and knowledge of Compliance policies and local regulatory framework.
Able to understand technical aspects related to CRM systems.
Able to develop and write process and procedure related documents.
Experience
Preferably accredited CAMS
At least 5 to 8 years’ experience in the field of Compliance
Other facts
About Mashreq
Disclaimer: Mashreq will never ask for your bank related information via phone call, SMS or email. We will also never contact you from a mobile number to resolve your query.
Welcome to the LinkedIn page of Mashreq. More than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Join Mashreq and find your way to Rise Every Day.
What you'll do
- The Manager Regulatory Compliance will support the Head of Regulatory Compliance in ensuring compliance with regulatory requirements and risk mitigation strategies. They will also assist in managing regulatory exams and audits, and promote a culture of compliance within the organization.
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