Risk & Compliance Asociate

A key member of the Risk and Compliance team, this role will provide administration, support and oversight on the credit facilities and related documentation with a view to address the Credit and Counterparty Risk of the organization. This role will provide support to Chief Risk and Compliance Officer. in conducting day to day and routine monitoring and surveillance and back up for the Risk and Compliance Head. The Role will perform both Risk and Compliance and Credit Administration role.


​

Main Job Accountabilities

1

Identifying and assessing potential risks in the various business segments of the monitoring responsibilities handled.

2

Initial Review and Analysis of Credit Proposals presented to Credit Committee and organizing presentation of the same with the comments of Chief Risk and Compliance Officer. Preparation and following up of internal and client signatures of documentation of facilities approved by the Credit Committee

3

Conducting periodic monitoring and surveillance review on all events and activities having risk and compliance ramifications.

4

Conducting periodic monitoring and surveillance review on credit outstanding by downloading reports and customizing them for management review and decision making

5

Issuing Margin and Liquidation Notice and Calls to clients Arranging for sign offs and documentation of exceptional approvals of transactions outside of credit policy, procedure and guidelines Distribution of Margin Reports to RMS and follow up on the outstanding. Actioning items recommended by the Credit Committee on Transactions and Documentation

6

Development of Policies and Procedures for review and onward submission by the Chief Risk and Compliance officer Conducting adequate and relevant training to staff keep training records and preparing training material

7

Maintain a comprehensive understanding of the regulatory requirements and standards as they apply to the

company, providing advice and guidance to the businesses

8

Cover a broad range of other duties from the monitoring of the portfolio to carrying out advisory duties and

due diligence and second level checks

9

Assisting internal/external auditors in the review of credit portfolio and related documentation

10

Assisting in other projects of the Risk and Compliance and Operations Department.

11

Prepare FATCA, CRS, STR Reports.

12

Perform client categorization, ongoing monitoring of KYC, Due diligence and transaction monitoring. Prepare

clients risk profile at onboarding and during annual reviews

13

Review customer trade order on a daily basis to prevent fraud

​

Requirements

Qualifications/Experience

Education

· A bachelor’s degree in finance

· Minimum of 2 years’ experience in a financial institution handling control or back-office functions or roles

Professional

Diploma in accounting or Professional accounting qualifications will be an added plus

Languages

Fluency in English. Arabic and/or other languages would be an advantage.

Able to engage and communicate in Arabic is highly desirable to help support building a strong client relationships and foster business partnerships.

Specific Core Behavioral Competencies (essential requirements)

1

Analytical thinking and detail oriented

2

Methodical and well organized

3

Willingness and ability to actively prioritize and execute, strong time management skills

4

Good oral and written interpersonal and communication skills