Assistant Manager – Consumer Protection
Responsibilities: (Implementation/Compliance, Detection and Investigation)
Consumer Protection – Implementation
– Drive the implementation of Consumer Protection Standard within defined timeframes by UAE Central Bank and meet all required timelines
– Track and follow-up with all the stakeholders on gap-assessment and solution in order for compliance to the regulatory standards
– Assist in preparation of management action plan and timeline for monitoring and implementation all Groups / Segments.
– Support in publishing timely and complete monitoring update pack for senior management covering all broad aspects of the Consumer Protection Regulation.
– Support the implementation plan – covering all products and service areas defined within the Consumer Protection Regulation and Standards
– Identify gaps within existing products, policies and process in comparison to the Consumer Protection Standards – engage necessary stakeholders to eliminate Risks to the implementation timelines by mitigation of identified threats during the project as well as in BAU
– To provide focused, quality updates in order to support Management to take decisions in the right strategic direction
Consumer Protection – Ongoing Compliance:
– Support the Head of Customer Engagement in reviewing Policies and Procedures based on Consumer Protection and other regulatory guidelines and/or observations from Internal Audit, Compliance and Regulators etc.
– Responsible to take care of adhoc bank-wide regulatory exercises pertaining to Consumer Protection.
– Assist the business teams and front-end Channels (including Branches), with the objective of resolving procedural and operational issues that may arise at any time pertaining to Consumer Protection.
Involve in critical analysis of approach and interpretation of CPR for solutions and planning
– Ongoing basis, identify weaknesses and implement control checks with support from relevant stakeholders to ensure no deviation from standards prescribed
– Submission of reports to senior management and Central Bank as per CPR requirements and within the timelines published.
Graduate, preferably with Finance background
– At least 10 years of banking experience spanning across business process, products, procedures, operations, compliance, risk and understanding of consumer protection regulation of CBUAE.
– Knowledge of the Retail Banking Products, Policies and Services across channels including branches, digital, contact centre and ATM, complaint management
– Strong stakeholder management