SENIOR SPECIALIST – REGULATORY POLICY
Principal Accountabilities
• Perform an on-going and systematic review of the appropriateness of existing regulations to ensure effective prudential regulations are in place for regulated Banking Institutions in the UAE.
• Suggest improvements to regulations based on local and international developments along with leading practices. Identify areas requiring new regulations.
• Draft text of new regulations or amendments to existing regulations.
• Conduct impact assessments of all proposed regulatory changes (in conjunction with other relevant departments in the CBUAE where appropriate), review assessment results and initiate and complete any necessary alignments to the regulations.
• Manage the consultation process in relation to proposed new regulations; Co-ordinate replies and prepare written feedback for discussion with the Head of Regulatory Development prior to finalisation of new or amended regulations.
• Ensure the alignment of the updated/ newly developed regulations with applicable leading practice and the UAE’s existing laws.
• Ensure developed policy is in line with the CBUAE objectives and is capable of being implemented consistently across institutions.
• Maintain a strong relationship with regulated Banking Institutions, and respond effectively and timely to any queries with respect to existing regulations.
• Act as the CBUAE’s liaison with international organizations on discussions or matters concerning prudential regulations applicable for Banking Institutions .
• Perform any other duties as required within the scope of the role.
Education Experince
• Graduate Degree in Banking/Finance or related discipline.
• 10+ years of experience with at least 6 years experience in a similar role.
• Familiar with the UAE market and financial regulations.
• Proficient in the English language, Arabic would be an advantage.
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