Regulatory Compliance Officer Full Time NEW

Job Purpose:

Ensure the Bank’s compliance with policies, regulations, and operating procedures in accordance with laws, regulations, and instructions related to banking activities issued by regulatory and supervisory authorities, in order to avoid exposing the Bank to risks arising from non-compliance.

Main Responsibilities:

1. Circulate all instructions issued by the Central Bank of Egypt to the relevant departments and divisions across the Bank and ensure their implementation.

2. Review all products and services introduced by the Bank and verify their compliance with applicable regulatory requirements, related laws, and the Bank’s operating procedures.

3. Review policies, operating procedures, and forms used by various Bank departments and sectors, as well as products and services offered by the Bank, to ensure compliance with applicable instructions, regulatory controls, and laws.

4. Maintain effective communication channels with regulatory authorities (the Central Bank) to receive and respond to inquiries and to follow up on updates related to banking services.

5. Prepare a matrix covering all regulatory instructions and related laws associated with the Bank’s business activities and classify them according to the relevant business sectors within the Bank.

6. Identify risks related to regulatory instructions in accordance with the approved Compliance Program mechanism under the “Risk Identification Module,” coordinate and participate in implementing appropriate controls for all relevant regulatory instructions and laws, and ensure the preparation and circulation of policies and procedures governing such instructions.

7. Review all products and services introduced by the Bank and ensure their compliance with applicable regulatory requirements, related laws, and the Bank’s operating procedures.

Educational Qualifications:

• University degree in Accounting, Business Administration, Economics, or an equivalent field.

• Advanced qualifications in regulatory systems are preferred.

Experience:

• Preferably at least 2 years of experience in the banking sector.