Job Purpose: 

To manage all affairs of regulatory compliance, board reporting and corporate governance.

Responsibilities:

Compliance Documents & Reports:

• Review Bank’s SOPs, Policies, Manuals and Product Programs from Compliance Risk perspective, and provide feedback
• Provide compliance opinions on cases and issues report by departments
• Oversee preparation of Quarterly progress reports of CBO and Half Yearly status report
• Prepare summary presentations for Mancom on new circulars issued by CBO
• Review new CBO circulars/ regulations and assess their impact on the Bank. Provide feedback to CBO, as and when required
• Oversee gap analysis process on CBO circulars

CBO Correspondence

• Oversee all CBO correspondence.
• Coordinate data submission to CBO on periodic requests

CBO Examinations

• Arrange data for CBO examiners as per provided Indents from departments, and as and when requirements by the examiners on site
• Ensure administrative arrangements for the examiners on-site
• Arrange responses for draft and final observations and meetings to discuss findings
• Coordinate and prepare data for Exit Meeting with CBO team
• Prepare Action Plan on CBO examination report by CBO deadline
• Prepare a report and presentation for the Board and Mancom on Examination

Oman Banking Association

• Participate in OBA regulatory compliance working committee
• Review draft circulars from CBO, coordinate Bank’s feedback, and discuss it at the committee platform

Board Governance Risk and Compliance Committee

• Prepare consolidated periodic board reports and presentation, in compliance with CBO circulars
• Ownership of BGRCC Terms of Reference. Review and update the document on periodic basis

Corporate Governance

• Prepare Annual Corporate Governance report of the Bank, after coordination with all stakeholders
• Handle external audit review on governance report and governance process
• Oversee related party database monitoring and update their details on MSM portal
• Ownership of Corporate Governance guidelines of the Bank. Monitor and update the guidelines on a periodic basis
• Coordinate CBO communications and regulatory requirements (forms and documents) on induction and retirement of Board members
• Coordinate CBO communications and regulatory requirements (forms and documents) on induction, promotion, exit and retirement of senior management members
• Coordinate with Board Secretary on annual performance assessment of Board Sub-committees and Sharia Supervisory Board
• Prepare/ review bank’s disclosures on the MSM

Department / Staff Management

• Oversee work of team staff, guide and train as and when required
• Ownership of department’s policy and Manual. Review and update periodically
• Prepare reports and perform tasks as and when assigned by AGM Compliance
• Prepare department submissions, such as department structure, Key Risk Indicators, Risk and Control Self-Assessment, Business Impact Assessment, System Access Matrix etc.

Essential (E): Bachelors.

Desirable (D): Masters in finance / Islamic Finance would be a plus

Professional Qualification: ACCA, CA, or CPA

At least 6 years of relevant experience in overall and few years working with big four audit firms specially dealing with banking clients. Islamic finance knowledge would be added advantage

Skills & Knowledge:

• Problem solving
• Team player
• Ability to work under pressure
• Excellent communication skills
• Expert in financial analysis
• Solid grip on regulatory environment