Manager - Governance

Job Description

Organization Unit Purpose

IB Operations & Governance also known as 'back office', provides support to the client facing teams known as the 'front office'. The front office generates business for the platform, and operations ensure that the transactions are settled in an efficient, controlled, timely manner. Investment Banking Operations is a specialist operations role that requires understanding of the Capital Market activities of the unit.

The purpose of this organization unit is to work side by side with business units across Investment Banking (Emirates NBD Capital Limited and Emirates NBD Capital PSC) so that business transactions are executed and administered successfully and smoothly. Governance team structure rules, practices, and processes to direct and manage the company efficiently.

Corporate governance is important because it creates a system of rules and practices that determines how a company operates and how it aligns with the interest of all its stakeholders. Good corporate governance fosters ethical business practices, creates transparent rules and controls, guides leadership, and aligns the interests of shareholders, directors, management, and employees which lead to financial viability.

Successful companies strive to have exemplary corporate governance. It is not enough for a company to be profitable; it also must demonstrate good corporate culture through environmental awareness, ethical behavior, and other sound corporate governance practices.

The four P's of corporate governance are people, process, performance, and purpose.

Job Purpose

The job holder is expected to handle the below responsibilities.

• Assist the line Manager in preparing SOPs, policies and processes for Emirates NBD Capital Limited & Emirates NBD Capital PSC
• Review any amendments prior to update of process / procedure from a Governance Standpoint and recommend corrective and control points if required.
• Oversight of the EmCap risk and controls and ensure strict compliance.
• Monitor, track and report on external / internal audits pertaining to EmCap and ensure corrective action is taken to meet strategic and business objectives and timely closure of audit observations.
• Reviews the frequency of internal and external audits and how any issues that those audits raised have been handled.
• Assist Line Manager in implementing Audit recommendations.
• Assist in preparing Board files.
• Policies and procedures for reconciling conflicts of interest (how the company approaches business decisions that might conflict with its mission statement)
• Review of vendor agreements to align with Group policies and Master Agreements
• RFIs / Surveys / Questionnaires received from the Regulator / Markets and work with business to complete them by the due date
• Keep a track of all data requests received from the Regulator ensuring they are addressed on time working closely with EmCap Compliance
• Responsible of conducting the annual SCA and related markets license renewal procedures, and licenses for any new activities.
• SPOC for any issues raised during the Compliance monitoring and QA reviews.
• Any concerns of data leakage or cyber security event needs to be highlighted to EmCap OPS and Compliance.
• When notified of any suspicious transactions (fraudulent) highlighted by Business or Compliance and escalate to EmCap Head of Gov & Ops for review and further escalation as required.
• Work closely with Business and Operations to remediate any customer data/agreement related gaps / issues.
• Assist Group / EmCap Compliance by working closely with Business / Operations / IT and providing the
• customer data / information pertaining to the regulatory and Annual FATCA/CRS submission.
• Monitor the compliance of all employees with the Employee Handling Policy, PAD, PI, Wall Crossing, Code of Conduct and any other Group Policy related concerns from a governance standpoint.
• Assist in review of processes, policies, Operational Risk Control Assessments (ORCAs,) Key Control Assessments (KCAs), Key Risk Indicators (KRIs)
• Ensure adherence to the Operational Risk framework/ policy for ENBD within C&IB (inclusive of Business Continuity and other Information Security policy / requirements)
• Conduct learning sessions and staff training pertaining to any issue/ process improvement / new regulation etc. from a governance standpoint
• Ensure that all user access reviews for business are completed within the required timeframe.
• Ensure that all ENBD Group Mandatory Trainings are complete by all staff within the required timeframe
• NPPA’s to be raised by EmCap and monitored for closure in a timely manner
• Initiate process development/amendments as applicable with GOPS, Ops risk, Compliance teams and ensure that NPPA is signed off within the project/ planned timelines.
• Assist Line Manager for any new initiatives taken up by EmCap (pertaining to UAE / regulatory requirements or as part of overall organizational / process improvement)
• Assist Line Manager in implementing the Identified opportunities to automate and make the processes efficient to ensure that EmCap business teams are served in an efficient way.
• Liaise with various internal stakeholders such as GOPS, IT, Tanfeeth, business teams, OpRisk, Legal & Compliance to ensure that the project deliverables are met as per the timelines.
• Any other Governance related support for the line manager
  
  

Job Content

• Review of transaction documents
• Interact with business for obtaining documents missing in transaction pack
• Review documents and convey feedback to the business teams
• Participate in internal discussions/conference calls to form a consensus on documents
• Arranging internal approvals/vetting of transaction documents
• Interact with internal legal department, INA, Risk, Compliance, AWAI and any other related department for seeking their input/concurrence on documents or part of the document.
• Participate in internal discussions/conference calls to form a consensus on documents
• Coordinating with different departments for the execution of transaction
• Coordinate with Compliance, Legal, FIN, other concerned departments for the execution of transaction and removal of bottlenecks.
• Assistant Manager Governance & Business Support
• Assist the Line Manager in supervise the work of Operations & Gov. Set their annual objectives and review their performance.
• Responding to inquiries of INA, OPS Risk, GCD, GCCS and other departments of Bank.
• Assist the Line manager in interacting with various departments across the Emirates NBD to answer their queries/questions, provide them required reports and participate in Bank-Wide Initiatives
  
  

Education

• University Degree/ Post graduation
• Professional Certification (Such as Banking Diplomas)
  
  

Experiences

Industry

5 years in Investment Banking or Corporate Banking

Regional

5-10 years in UAE or the GCC

Functional

5 to 7 years in Business Support role or Compliance role

Knowledge & Skills

Technical :

• Knowledge of Investment Banking functions - Global Capital Market transactions and settlements – (DCM /ECM transactions including IPO settlements), Loan Syndications, M&A transactions, knowledge of Banking Laws and Regulations, Commercial Laws, Basic Accounting Rules, Invoicing – payables & receivables, Premise Project management, Company Secretarial skills, review of contracts/agreements, vendor management
• DIFC/SCA/Central Bank regulations
• IT system testing/implementation
  
  

Managerial :

• Planning, Organizing, Leadership, Control, Communication
• Skills, Result Oriented
  
  

Behavioral Competencies

• Analytic, strategic and lateral thinking
• Team player, interpersonal skills
• Self-starter and works with minimum supervision