Chief Compliance Officer

Chief Compliance Officer

Position : Chief Compliance Officer KAF Digital Bank

This leadership role reports to the Board Risk Management Committee.

Job role : To lead Compliance function of the Digital Islamic Bank.

• Lead the compliance function of the digital Islamic Bank’s business in ensuring the effectiveness and adequacy of compliance governance and controls in digital and offline environment as well as resources across the operations and businesses of the Bank. This includes :
• The regular identification of potential regulatory and operational gaps with mitigation measures and monitoring plans as well as activating reporting obligations.
• Review the governance structure of the Bank and related documentation for adequate decision-making processes and accountability in line with the Islamic digital banking business regulatory requirements.
• Review the Bank’s organisational chart for a solid first-line segregation and accountability of each function and related tasks.
• Review the approved policies and procedures to ensure the relevancy and adequacy of such provisions and controls in supporting the operations and businesses of the Bank.
• Ensure the effectiveness of the compliance function of the Bank for a continued enhancement and stability of such governance and controls for the regulatory oversight of the Bank’s operations and businesses. This includes providing leadership role and strategies for the following :
• The risk controls and management of regulatory compliance and financial crime compliance.
• The design and application of a comprehensive and efficient annual compliance plan including for financial crime compliance as well as compliance and Shariah assurance programmes.
• The development and implementation of policies and procedures for efficient controls and oversight in alignment with applicable regulatory requirements.
• The general awareness and maintenance of an effective compliance culture.
• Ensure an effective engagement with the Board and other stakeholders in the implementation of compliance risk management. This includes providing regulatory guidance, collaboration and support to implement key business and operational strategies, initiatives and action plans across the Bank.
• Act as a focal point for regulatory and financial crime issues.
• Perform miscellaneous job-related duties as assigned.

Qualifications and Requirements

Seniority Level

Director

Employment type

Full-time

Job function

Administrative, Analyst, and Finance

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