We are seeking a Head of Legal & Compliance to join our new office in Doha. This will be an exciting role involved in setting up of the L&C for our Qatar Branches.
Key Roles & Responsibilities:
As a senior member of the function make a significant contribution to the direction of the Legal and Compliance function in Qatar.
Promote, lead and manage the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting the Group’s strategic direction and growth aspirations in Qatar.
Establish and maintain frameworks within Qatar to ensure compliance with applicable banking regulations, internal policies, procedures and codes so as to protect the reputation of the bank with its regulators and balance the needs of other stakeholders.
To identify, mitigate, monitor and manage regulatory (including financial crime) risks across Qatar.
Ensure the effectiveness of the Group’s management of Legal, Compliance and Regulatory Risk issues by taking Country level responsibility and leadership for:
*Legal *Compliance & Regulatory Risk *FCR To maintain close and open relationships with the regulators in Qatar.
For the following functions: business, regional and country Compliance teams and Financial Crime Risk: *Oversee the implementation of Group Compliance policies and procedures through appropriate training and communication and, where necessary, recommend appropriate Compliance policies and procedures for approval by relevant committees. Support implementation of Business Compliance policies and procedures. *Ensure effective management of compliance matters across Qatar working closely with TB and WB Compliance at Group. Assume active involvement in problem-solving and crisis management over critical issues that have an impact on the Bank’s business/operations in Qatar. *Working with Business Compliance where necessary, in the event of serious regulatory breaches, or where risk tolerances have been breached, responsible for ensuring Group and Regional Compliance Management are informed and that actions are taken quickly to remediate and/or activities are ceased. *Ensure appropriate and effective risk based monitoring is conducted by Compliance across Qatar *Provide reports to Country, Regional and Group teams on key regulatory risks. *Advise the CFO/COO Qatar on material Compliance issues as required and provide support to CFO/COO’s on material compliance and regulatory risk issues to ensure that appropriate arrangements for meeting regulatory obligations and maintain high standards of conduct, in accordance with internal policies are established and monitored. *Drive the institutionalisation of regulatory relationships across Qatar and work with the local CEO to ensure effective Regulatory Relationship Plans are in place. *Ensure the function in Qatar is appropriately resourced by competent staff sufficiently independent in performing duties objectively *Promote the migration of best practice and lessons learned. *Responsibilities exclude BCP/ Crisis Management and Operational Risk management. *Legal Responsibilities: – Through local knowledge and relationship and communication with external lawyers, ensure that any information made on changes on local laws is conveyed to the WB Regional Legal Team, Middle East. – Present to Manco on at least semi annual basis summary report on litigations. – Capture any local legal risks in RRMI.
In addition, this Job Description should be read in conjunction with the Management Manual. The Manual defines responsibilities for establishing, maintaining and implementing the Group’s high level systems and controls.
Qualifications & Skills
*Solid experience in the regulatory field or equivalent relevant legal experience. *A strong understanding of the regulatory environment in Qatar *Strong analytical skills. *Good judgment enabling the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of compliance and regulatory risk. *Personal authority, integrity and ethics. *An inquisitive and proactive approach to practices, procedures and specific transactions. *Ability to manage and give leadership to subordinates across Qatar. *Independence, robustness and resilience. *Sharp business acumen, including the ability to assess risk. *Strong leadership qualities, excellent inter-personal skills and multi-cultural awareness. *Strong integrity, independence & resilience. *Personal authority with proven ability to establish relationships and exert influence at senior levels of the Group and with regulators and other external stakeholders. *Arabic language skills are preferred