AVP, Compliance Advisory, Investment Banking (UAE National)
First Abu Dhabi BankThis job is no longer accepting applications
Job Description
Job Description
JOB PURPOSE:
IB Compliance Team is responsible of providing compliance advisory services and support to assigned Business areas as per the CBUAE and other relevant regulations as well as FAB Policies and Procedures.
The role of Compliance Advisory is responsible of supporting in providing second line of defense compliance advisory support to the following sub-areas in Investment Banking - GM, GT, GCF and GBC.
KEY ACCOUNTABILITIES:
Strategic Contribution
- Support implementation of the Bank's Compliance strategy within the assigned teams remit to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
Budgeting and Financial Planning
- If required and directed, support the SVP & Head of Compliance to support in the preparation and recommend the Compliance Team's budget and monitor adherence to budget, while ensuring all sectional activities are conducted in line with the approved guidelines.
Policies, Systems, Process & Procedures
- Support the Business Units to adhere to - Compliance policies, procedures and processes.
Continuous Improvement
- Support in the identification of opportunities for continuous improvements related to the systems, processes and practices based on risks and control deficiencies identified.
Reporting
- Support in providing guidelines to the Technology, Data & Reporting Team and other applicable areas on KPI's and KRIs for reporting to senior stakeholders.
- Prepare MI related to CB&PB for reports to the CBUAE, and other regulators as and when required.
PB Advisory and Administration
- Support in providing Compliance advice to internal and external (Group wide) stakeholders as required.
- Support in developing and strengthening relationships to promote best practice and ensure a good understanding of Compliance requirements across assigned business.
- Support in providing advice for FAB Policy and Procedures as it pertains to Business and especially to those sub-business areas which are under the responsibility of the role.
- Support in providing advice for the business product review process and financial promotions.
- Support in providing Business Units with technical insights and build credibility based on an understanding of their challenges related to products, customers and transactions.
- Support in providing updates to business on compliance requirements, best practices, market news, international regulations, hot topics and regulatory changes.
- Undertake Training as directed and required
- Support the Business Units during CBUAE audits and in responding to adhoc requests from CBUAE.
- Coordinate with Regulatory Compliance (RC) and Financial Crime Compliance (FCC) functions to provide recommendations on compliance risks as and when needed otherwise, advise Regulatory Compliance and FCC functions on decisions being made.
- Connect requestors to Compliance colleagues to obtain approvals (when required), track and maintain records of decisions for the business unit.
- Monitor the issue tracking log for CB UAE complaints and follow up with Business on their remediation plan.
- Provide support in breach handling and breach reporting.
Qualifications
Minimum Qualifications
- Bachelor's degree or higher in Business related field such as Management, Finance or Accounting
Minimum Experience
- 3 years Banking Experience in IB/CCB/CBG/Private Banking
- Compliance experience is added plus
More Info
About Company
FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
