CMAT Objective and scope
The CMAT team is responsible for the execution and delivery of the CMAT Plan across the Group to cover adherence to Group Compliance policies and any new regulations that require compliance monitoring. CMAT Team is accountable to the Head of CG&A
Responsibilities (high-level)
- Adhere with Board Approved CMAT Methodology
- Execute specific CMAT activities across the Assessment Areas identified in the approved CMAT plan within predefined TATs
- Leading the planning, fieldwork and reporting of CMAT Reviews
- Liaise with the Assessment Areas on the approach, methodology, expectations, walkthroughs and their role in the CMAT assessment
- Assess controls design and operating effectiveness, review of evidence & documentation, risks & controls, in adherence with compliance policies and
regulations
- Perform testing of controls as per plan and documentation of test outcome including evidence and record exceptions in the templates approved by ADIB
- Responsible for communicating material assurance findings and breaches to stakeholders including Business Units and compliance teams (including financial
crime and regulatory compliance teams)
- Document CMAT Reports containing findings and recommendations based on the design and operating effectiveness reviews
- Ensure issues/breaches identified during CMAT reviews are raised and reported in ADIB GRC system
Deliverables (high-level)
- CMAT Reports
- Testing Sheets an Working Papers- competed and timely stored in compliance shared folder
- Other supporting evidence to substantiate findings- timely stored on Compliance shared folder
- Follow-up reports outlining the status of closure of findings
- MI/ Dashboard- Insights, root cause review findings for continuous improvements
Skills/ Technical Knowledge Required
- Good management information reporting and report writing skills
- Knowledge of Compliance frameworks i.e.: Compliance Charter/ Compliance policies and procedures
- Knowledge or client onboarding including (KYC/ FATCA/ ODD/ Screening)
- Bilingual English and Arabic is an advantage
- BA/ BSc or higher degree in business, finance or any other related subject
- Candidate should posses minimum 3 years experience in Compliance monitoring or Internal Audit with exposure of Compliance Audits or similar
- Ability to build constructive and effective relationship with peers and other stakeholders.
- Strong communication analytical, written and oral communication skills
- Team player with ability to work on own initiative
