Manager - Regulatory Compliance Nair Systems LLC

CBUAE Communication

1. Cooperating and assisting during regulatory examinations, inspections or requests.

2. Assist the Head of Regulatory Compliance in facilitating correspondence (including approvals and returns) between the bank and the CBUAE. This pertains to all aspects, whilst maintaining positive relationships with the CBUAE and other applicable authorities on related matters.

3. Provide assurance that CBUAE ongoing reporting and submission are met and completed in a timely manner.

4. Responsible for conducting Regulatory Compliance assessments through the RMS in line with the defined frequency of the assessment, this includes communicating and following up with respective owners on any open items or relevant discussions and ensuring that breach registers are updated accordingly.

5. Continue building and updating the internal Regulatory library which contains the list of key CBUAE regulations (on article by articles basis)

6. Responsible for updating the breach registers continuously.

7. Follow up with respective stakeholders on the open non-compliance items under assessment/ gap analysis exercise

8. Assist in preparing the report and reporting the identified “non-compliance” items (regulations) to the senior management and/or internal committees and the material breaches to the CBUAE

Regulatory Compliance

1. Managing regulatory correspondences, including circulating Notices/Regulations, analyzing their subsequent impact (if any) and follow-ups with stakeholders on open action items, leasing with Head of Regulatory Compliance in submitting the required feedback to the regulators where required.

2. Provide proper regulatory advisory to the internal stakeholders when required in a timely manner.

3. Ensuring that the regulatory tracker sheets are updated on a daily basis (Registration of all Regulatory Notices accurately) and do the required follow-ups.

4. Ensure that the weekly dashboard of regulations/ Notices received from CBUAE over the previous working week has been prepared by Regulatory officers and shared with EMC and/or identified other stakeholders.

5. Assisting with FATCA/CRS obligations to ensure appropriate guidance and advice, monitoring, reporting and training is undertaken, and deadlines are met (as required). This includes being responsible for the FATCA/CRS annual reporting, including the preparation (and validation) of the customer data to be reported.

6. Reviewing product programs, policies, procedures to ensure all regulatory requirements are sufficiently addressed, including highlighting risks and suggesting appropriate controls.

7. Ensuring that all the Internal Regulatory registers are updated on a daily basis.

8. Preparation of regulatory compliance submissions to various governance committees (including the Compliance Committee, and Board Risk Committee).

9. Assisting in developing training material on regulatory matters, in accordance with the annual Training & Awareness Plan and ad hoc training (if required on a ‘trigger event’-basis).

10. Performing any other duties or responsibilities consistent with the role as assigned by the Head of Regulatory Compliance/ Head of Compliance.

11. When ordinarily carrying out his/ her duties each employee must be extremely vigilant and follow the applicable bank's- policies which include, but are not limited to, management of bribery-corruption risk, conflicts of interest, market abuse, and more generally, ethical conduct as described in bank’s Code of Conduct and Ethics