Compliance Director

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Overview

• To ensure SMBC DIFC Branch - Dubai and the countries in the Region, comply with their regulatory
  requirements and internal policies.
• To develop compliance programs, maintain policies, and advise senior management on possible risks in
  order to remain within the regulatory permissions and expectations.
• Effectively communicate the Bank’s key ethical principles, conduct standards and regulatory expectations.
• This role has 4 direct reports:
  1. CCG Compliance Advisory, Vice President
  2. CCG, AVP
  3. CCG, Associate
  4. CCG, Associate

Background

 The role is required to protect the Bank, its employees and its customers from regulatory risk.
 The role covers a multitude of compliance topics, including compliance education, advisory, monitoring,
projects, reporting and regulatory liaison.
 The role has ‘Authorised Individual’ responsibility for Dubai.
 The role has a ‘Controlled Function’ responsibility for the compliance oversight function for Doha.
 The role requires close collaboration with the SEO, Regional Head of Middle East, other Local
Management Committee members, Regional Chief Compliance Officer (RCCO), Chief Representative
Officers, Head Office Compliance and all other EMEA compliance colleagues.
 The role requires an open and transparent relationship with the regulatory bodies and authorities across the
Region.

Facts and Scale

The role is accountable for:
 Six MENA jurisdictions (branches, representative offices and subsidiaries);
 4 direct reports with the CCG team;
 Formal ‘Authorised Individual’ status in Dubai;
 Registered ‘Controlled Functions’ status in Doha;
 Managing relationships with Local Management Committee members, Chief Representative Officers,
RCCO and multiple authorities and regulators across MENA; and

 To represent the Branch as LCO, per the DFSA regulatory requirements.

 To represent the Doha Branch as the registered compliance oversight officer, per QFCRA regulations.
 Develop and execute the departmental strategy, providing relevant technical and commercial input to
establish the departmental objectives.
 Recruit, motivate, train, develop and supervise staff within agreed policies and practices to maintain an
effective workplace capable of meeting its objectives.
 Formulate and gain acceptance for the annual budget to secure the resources necessary to achieve agreed
work programmes.
 Influence senior management to embed the three lines of defence, establishing core principles and
standards for compliance and conduct matters.
 Plan, prepare and maintain a compliance policy framework and associated training for MENA employees in
accordance with the jurisdictional regulatory rulebook(s) and SMBC policies and procedures, advising
employees on such matters.
 Act as a key point of contact for authorities and regulators regarding regulatory and compliance issues, and
regulatory inspections.
 Assist the MHOC and RCCO to co-ordinate compliance related projects within the MENA offices,
proactively responding to external challenges and regulatory developments, whilst challenging conventional
thinking and developing innovative solutions.

Knowledge, Skills, Experience and Qualifications

Education & Qualifications
 The role requires the candidate to be educated to degree level with professional qualifications desirable.
Experience & Knowledge
The role requires:
 substantial knowledge and experience of the financial services regulatory framework;
 prior knowledge within a regulatory role;
 good knowledge and experience of financial services, markets and banking activities;
 strong awareness of financial conduct areas;
 sound understanding of the business strategy;
 the ability to think strategically and execute appropriate course of action in line with regulatory parameters;
 diplomacy and logic to challenge concepts, policies and current practices;
 the ability to resolve complex, multi-dimensional problems, whilst inviting challenge resulting in a significant
impact on the achievement of business; and
 the ability to represent the Bank externally with regulatory authorities and governing bodies.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!