Job Description
We are seeking a Head of Legal & Compliance to join our new office in Iraq. This will be an exciting role involved in setting up of the L&C for our Iraq offices.
Key Roles & Responsibilities
As a senior member of the function make a significant contribution to the direction of the Legal and Compliance function in Iraq.
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 Iraq.
Establish and maintain frameworks within Iraq 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 Iraq.
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 Iraq.
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 Iraq 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 Iraq.
*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 Iraq
*Provide reports to Country, Regional and Group teams on key regulatory risks.
*Advise the CFO/COO Iraq 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 Iraq and work with the local CEO to ensure effective Regulatory Relationship Plans are in place.
*Ensure the function in Iraq is appropriately resourced by competent staff sufficiently independent in performing duties objectively
*Promote the migration of best practice and lessons learned across the Iraq network.
*Responsibilities exclude BCP/ Crisis Management and Operational Risk management.
*Legal Responsibilities:
oThrough 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.
oPresent to Manco on at least semi annual basis summary report on litigations.
oCapture 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 Iraq
*Strong analytical skills.
*Good judgment enabling the provision of sound advice in difficult areas of
Job Details
| Date Posted: | 2013-03-18 |
| Job Location: | Iraq |
| Job Role: | Other |
| Company Industry: | Other |
Preferred Candidate
| Career Level: | Entry Level |
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