Head of Enforcement – Bank Regulator

Strategic

• Participate in formulating the overall strategy and objectives
• Develop the Enforcement strategy and objectives in line with overall strategy and
• Develop Key Performance Indicators (KPIs) for the Department and its
• Propose the annual Enforcement budget and participate in the overall Financial Crime, Market Conduct & Consumer Protection Department budget setting in order to ensure resources are available to achieve the objectives and KPIs.
• Establish a forward-looking supervisory regime to provide Enforcement vis-à-vis financial institutions through effective risk prioritization, identification, and mitigation.

 Operational

• Receive cases for enforcement from Banking & Insurance Supervision Anti-Money Laundering Department, Market Conduct, Consumer Protection and others as required
• Assess cases based on information provided by other functions and through own offsite and onsite further examinations
• Acquire the necessary evidence for possible future litigation
• Coordinate discussion process with licensed financial institutions, negotiate adequate settlement agreement
• Recommend penalties and sanctions
• Provide information to other law enforcement and security agencies, either pro-actively or on request
• Collaborate with other law enforcement/security agencies and other parties who are authorized to get banking or other relevant information on AML/CFT and solicit collaboration of regulated entities when needed
• Participate with various agencies and government authorities who carry out some investigation or preparing some reports where input regarding banking activities are provided

People Development

• Provide leadership and direction to direct reports towards the achievement of goals and
• Guide and motivate direct reports to enhance performance and produce quality work, and ensure that they are continuously developing for higher level roles.
• Prepare performance evaluation and appraisal reports of direct reports and identify training needs of team members.
• Ensure that team members are acquainted with the changing situation and developments.
• Perform any other duties outside the scope as and when

People Development

• Provide leadership and direction to direct reports towards the achievement of goals and
• Guide and motivate direct reports to enhance performance and produce quality work, and ensure that they are continuously developing for higher level roles.
• Prepare performance evaluation and appraisal reports of direct reports to assess subordinates productivity and progress and identify training needs.
• Ensure that team members are acquainted with the changing situation and the developments of CBUAE.

Education / Qualifications / Certifications

• Bachelor or Master Degree in Law, Banking/ Finance or any other discipline