Job Purpose Summary:

The incumbent is responsible for contributing to the setup and the implementation of the Compliance strategies to be adopted by the International Compliance Department while addressing the initiatives of the new Business and Ventures for Overseas Branches and Subsidiaries. Moreover, the incumbent should contribute to the start-up phase of new branches or the acquisition of new subsidiaries from a compliance and regulatory perspective. The incumbent should also outline and monitor the risk profiles of the new overseas entities being acquired/ instituted based on a set of pre-defined criteria.

Essential Duties & Responsibilities by Dimensions:

A. Shareholder & Financial:

- Scrutinize that the Compliance and Corporate Governance frameworks at the new overseas entities are adopted in order to prevent the Group from incurring financial losses and damage to its reputation.

- Provide ideas and contribute, with the assistance of the VP New Business & Ventures Compliance Support, in building the vision and the strategic orientation of the Group’s compliance frameworks at overseas entities at oversight, and operational (systems and controls) levels.

- Improve and follow-up the reporting mechanism with the new overseas entities leading to the timely identification of regulatory challenges and risks emanating from the market conditions, the regulatory changes, and the business conditions at each entity.

- Implements KPI’s and best practices for Senior Associate, New Business & Ventures Compliance

- Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.

- Act within the limits of the powers delegated to the incumbent.

B. Customer (Internal & External):

- Assist the VP - New Business & Ventures Compliance Support in identifying the areas of required enhancement and that present a higher risk exposure for the Group.

- Work closely with overseas entities for the implementation of the compliance initiatives and recommendations, and monitor their achievements and alignment to the actions required by Group Compliance.

- Communicate to the VP of New Business & Ventures Compliance Support the major areas where action is required with regards to regulatory actions and high risk events that might affect the Group.

- To assist customers in all their queries on Bank’s product and seek solution to their requests.

- Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.

- Build and maintain strong/effective relationships with related departments/units to achieve the Group’s objectives.

- Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.

C. Internal (Processes, Products, Regulatory):

- Assist the VP - New Business & Ventures Compliance Support in executing the Establishment Compliance Action Plan.

- Contribute under the supervision of the VP New Business & Ventures Compliance Support to the start-up phase of new branches or the acquisition of new subsidiaries from a compliance and regulatory perspective.

- Provide compliance advice on the new business initiatives in coordination with IBD, overseas branches and subsidiaries.

- Assist for any integration project of the overseas branches and subsidiaries.

- Assess and review the potential new activities, operations and products launched at the overseas branches and subsidiaries.

- Contribute in build the Compliance Self-Assessment Framework related to QNB Overseas Branches and Subsidiaries.

- Periodically review the new business and ventures progress and activities based on the most recent risk assessments and change in priorities.

- Contribute to build the internal control function and the related key-control maps and checklists at the new overseas branches and subsidiaries.

- Perform research and recommend enhancements on the principles adopted by QNB Group on Corporate Governance arrangements at overseas entities in line with emerging standards and regulatory requirements.

- Assist overseas entities in understanding and implementing the developments introduced to the corporate governance and compliance frameworks of QNB Group and provide guidance and support for embeddedness.

- Participate to the Due Diligence performed on international entities that integrated, acquired or established by the Group, as directed by the VP

- New Business & Ventures Compliance Support.

- Assess the compliance risks at the new overseas entities and initiate the implementation of new systems to enhance the Group’s defence structures. In addition of mitigate and manage these risks.

- Undertake studies, analysis and researches aiming to the enhancement of the systems and controls at overseas entities.

- Perform gaps analysis of systems and controls with leading practices and regulatory requirements, and recommend areas of improvement at strategic level.

- Undertake the implementation of the Compliance Framework and the Internal Control Framework at the new overseas entities and ensure their continuous improvement. - Apply and closely follow-up on the reporting mechanism with the new overseas compliance officers, and analyze the risks facing the new overseas entities and the actions that are taken.

- Remain well-informed on timely basis of the regulatory changes and challenges that impact the Group’s compliance risk profile and ensure that the overseas Compliance Officers have taken the adequate action.

- Implement, manage and keep up-dated the Regulatory Repository by identifying the regulatory changes affecting overseas entities.

- Closely coordinate, from a compliance perspective, between H.O. Project Teams and new overseas entities with regards to the introduction of new products and services by outlining the regulatory requirements and conveying compliance feedback.

- Perform review policies and procedures established or amended by the overseas Compliance Departments as relevant to the compliance framework (i.e. excluding the operational aspect).

- Establish methods and means for spreading the Compliance Awareness across the international entities through the development of various fit-for-purpose mediums such as workshops, newsletters, studies, etc.

- Contribute to setting the Training strategy for Compliance Models on a yearly basis by identifying emerging topics to be adopted, reviewing or establishing training materials, and following-up on the delivery and completeness of trainings by overseas entities.

- Ensure the implementation of the Compliance Risk Rating Framework for international entities, and analyze and report on the risks and challenges facing the Group.

- Implement and monitor the strategic action plans for the remediation of the projected compliance and regulatory risks and challenges in coordination with overseas entities, and amend the entities’ risk profile accordingly.

- Coordinate with overseas entities in the implementation and execution of project plans that cater for the Regulators’ expectations.

D. Learning & Knowledge:

- Maintain an understanding of all pertinent laws, regulations, policies/ procedures and best practices pertaining to the Group’s international operations/ activities.

- Responsible for self-education and obtaining internationally recognized certifications in the compliance field.

- Proactively identify areas for professional development of self and undertake development activities.

- Seek out opportunities to remain current with all developments in professional field.

E. Legal, Regulatory, and Risk Framework Responsibilities:

- Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

- Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.

- Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

- Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.

- Maintain appropriate knowledge to ensure full qualification to undertake the role.

- Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.

- Attend mandatory (internal and external) seminars as instructed by the Bank.

F. Other:

- Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information.

- Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.

- Maintain high professional standards to uphold QNB's reputation and to strengthen its market leadership position.

- All other ad hoc duties/activities related to QNB that management might request from time to time.

- Unrestricted access at any time to all information, records, personnel and property in overseas branches and subsidiaries (as and when applicable) that is required for the effective discharge of responsibilities.

- Maintain utmost confidentiality with respect to the information obtained during the day-to-day performance of duties/ responsibilities.

Education/Experience Requirements:

- Bachelors graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study).

- At least 2 years’ experience in a major banking institution or in a consultancy firm.