Regulatory Affairs Manager

Main accountabilities and approximate time split

Operational duties – 70% Enhance and promote a compliance culture and awareness.

Achieve the Regulatory Affairs coverage plan as contracted with the Head of Regulatory Affairs. Advise business on compliance issues and providing of compliance opinions Implement, embed and monitor compliance policies, processes and methodology in the business operations. Review new Retail and Corporate products proposals from compliance perspective against local regulatory requirements. Ensure that the business addresses concerns raised by the Regulator /delivers on commitments made to the Regulator. Implement and comply with BIA Audit recommendations pertaining to Compliance. Follow up on any compliance related findings or action items. Facilitate the Regulatory Change process in the business. Advise the business on any changes in set standards/ local requirements (throughout the year). Identify business impact for new regulatory requirements and escalate upwards as necessary. Act as a point of contact between the business and the regulators. Deal appropriately with the compliance issues and escalate those issues in an appropriate manner to Head of Regulatory Affairs & Head of Compliance. Participate in the new product initiative process by reviewing new product proposals for compliance against local regulatory requirements and providing the Head of RAM with a report on these requirements. Participate in managing the Central Bank of Egypt inspection audit, which occurs every two years, and challenge CBE auditors about the validity of the issues raised. Prepare the monthly Legislative and Regulatory forum and pack to provide the stakeholders brief about the new regulations and its requirements Undertaking timeous alert circulation and implementation of new policies and procedures; giving advice and guidance on policy requirements and collaborating with business to develop compliant and low risk alternatives where regulatory restrictions impose limitations or constraints. Monitor business implementation and execution of FATCA controls and ensure proper escalation in case of detecting any discrepancies or breaches. Ensure implementation of Compliance policies ‘controls within FLOD as well as Conduct Risk Manual.

Reporting – 20% Provide management and Head of RAM with quantitative and qualitative reports on progress

Ensure that the Regulatory Affairs unit maintains a formal record of minutes of all meetings held (by the compliance officer or business) with the Regulator. Deal appropriately with compliance issues and escalate the issues in an appropriate manner to the relevant persons Participate in completing the RAM updates within Compliance submission for CEF, ORCC & SAC packs in order to be submitted within the stipulated deadline and any relevant governance committees. Preparation of any papers required from Compliance to be presented to BBE BOD or any of its relevant committees.

Stakeholder Relations – 10% Effectively manage in country regulatory relationships

Keep the Head of Regulatory Affairs & Head of Compliance informed on compliance matters which may pose financial or reputational risks for the business. Attend relevant in country meetings, and assist forums in identifying and comprehending the regulatory compliance risks. Ensure BBE timely provision of information to Regulators. Communicate regulatory issues/concerns with internal stakeholders and line management. Assist business to draft correspondence to the Regulator.

Technical skills / Competencies

- Profound Banking Background - Problem Solving

- Excellent Communication skills - Conceptual thinking

- Excellent Business Writing and Reporting skills - Integrity / Professionalism

- Excellent Risk Assessment and Analytical skills - PC Literate

- Excellent Knowledge of measuring regulatory risk - Quality Conscious/ Accurate and Detail Oriented

- Investigation / Interviewing skills - Risk identification and loss-causal analysis

- Full awareness of market practice, laws & regualtion - Excellent financial and accounting Background

Knowledge, Expertise and Experience

- University Degree (Accounting / Business / Economics)

- Profound Knowledge of the Bank’s products and services – Corporate Credit knowledge is a plus.

- Excellent Risk Assessment / Analysis

- Excellent Presentations Skills

- Excellent Understanding of the Banks operating systems - Excellent Managerial skills

- Excellent Analytical Skills.

- Ability to work under pressure

- Excellent Investigations and Information gathering

- Minimum Of 9-10 Years Of Banking Experience

Primary Location

EG-City Stars Building HQ, Al Qahirah , 1 Omar Ibn El Khat

Job Type

Permanent/Regular

Posting Range

1 Aug 2017