The posting
Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.
This role is responsible for overseeing the framework for a healthy working relationship between CBD and its employees. This includes the implementation of measures to improve engagement, retention and heightened performance. The maintaining of sound corporate governance around discipline is also a key responsibility.
KEY ACCOUNTABILITIES:
- Maintain and continuously enhance the HR Governance Framework, ensuring alignment with regulatory, risk and corporate governance requirements.
- Monitor effectiveness of HR controls and governance arrangements across all HR functions.
- Coordinate governance reviews and assessments to identify gaps, weaknesses and improvement opportunities.
- Ensure governance documentation remains current, complete and fit for purpose.
- Track and monitor closure of governance actions arising from audits, reviews, regulatory inspections and risk assessments.
- Act as HR's Operational Risk Coordinator and primary liaison with Enterprise Risk Management.
- Lead preparation and submission of HR Risk and Control Self-Assessments (RCSA).
- Identify, assess and monitor people-related operational risks.
- Maintain HR risk registers and monitor mitigation plans.
- Track Key Risk Indicators (KRIs) and control effectiveness metrics.
- Prepare HR operational risk reports for executive governance committees.
- Support incident management, root cause analysis and remedial action plans relating to HR risk events.
- Coordinate and oversee HR-related regulatory reporting obligations to the Central Bank of the UAE and other regulatory authorities.
- Ensure timely, accurate and complete submission of all people-related regulatory returns.
- Monitor regulatory developments impacting HR, remuneration, Emiratisation, governance and workforce management.
- Perform gap assessments against new regulatory requirements and recommend implementation actions.
- Support regulatory inspections, requests for information and thematic reviews.
- Support governance activities relating to remuneration frameworks, incentive schemes and employee reward programmes.
- Lead annual Material Risk Taker (MRT) identification and governance review processes.
- Support preparation of remuneration governance assessments and regulatory remuneration reviews.
- Monitor adherence to approved remuneration policies and governance standards.
- Coordinate governance oversight for annual salary and bonus review cycles.
- Manage the HR policy governance framework.
- Coordinate policy development, review cycles, stakeholder consultation and approvals.
- Monitor policy exceptions, breaches and compliance trends.
- Ensure periodic policy attestations are completed and reported.
- Maintain a central repository of HR policies, standards and governance documentation.
- Prepare high-quality governance reports, dashboards and management information for:
- Present findings, risks, trends and recommendations to senior stakeholders.
- Coordinate HR responses to Internal Audit, Compliance Reviews and Regulatory Assessments.
- Manage closure of audit findings and management actions.
- Track overdue actions and provide escalation where necessary.
- Support control testing and assurance activities across HR.
- Emiratisation Governance
- Monitor compliance with CBUAE Emiratisation requirements.
- Track Emiratisation performance and regulatory obligations.
- Coordinate governance reviews, corrective actions and reporting.
- Support submissions relating to Emiratisation targets and workforce nationalisation initiatives.
- Drive governance maturity and continuous improvement initiatives across HR.
- Implement governance best practices and industry standards.
- Leverage data analytics and technology solutions to strengthen governance monitoring and reporting.
- Support automation of governance, risk and compliance processes.
- Champion the use of data, automation and AI-enabled governance solutions to improve control effectiveness, enhance regulatory reporting accuracy, strengthen risk monitoring and increase transparency across HR governance processes.
- Proactively identify emerging workforce, conduct, technology, data privacy and AI-related people risks and ensure appropriate governance and control mechanisms are implemented.
Requirements
EXPERIENCE & ACADEMIC QUALIFICATIONS:
- Bachelor's degree in Human Resources, Business Administration, Risk Management, Finance, Law or related discipline.
- Professional qualifications CIPD, GRCP, IRM, Compliance Certification, Risk Management Certification are desirable
- Min 5 years' experience within Human Resources, Operational Risk, Governance, Compliance or Regulatory Reporting.
- Experience within banking or financial services preferred.
- Strong knowledge of CBUAE regulations, UAE Labour Law, Corporate Governance standards, Risk management frameworks, Remuneration governance practices, and Operational risk methodologies in desirable
- Experience preparing Board, Committee and regulatory papers.
