The posting
Job Description
JOB PURPOSE:
- To provide compliance support to Business and enablement units on all compliance matters as requested by the VP Compliance. Where the manager will run with the allotted day to day processes and follow ups.
- Understand technical details in Global Private Banking & Securities Services and related compliance requirements to become the first point of contact for requirements and queries delegated by the VP Compliance.
- Attend all related training to attain insight of FAB's compliance turn around and processes and procedure.
- Involvement in the day-to-day Compliance deliverables as requested by the VP Compliance. Which include but not limited to, daily, weekly, and monthly follow up with the business as assigned by the VP Compliance.
- Conduct meetings with Business to address subjects assigned by VP Compliance
KEY ACCOUNTABILITIES:
Strategic Contribution
- As assigned by VP Compliance and in partnership with Regulatory Compliance, implementing policies and procedures to assist in the compliance with applicable laws and regulations, pertinent to the coverage area.
- Support VP Compliance in performing annual compliance risk assessment to identify key compliance residual risks
- Contributing to the preparation and filing of compliance-owned periodic regulatory reporting and requests by local regulators
- As assigned by VP Compliance and in partnership with Financial Crimes Compliance, making a key contribution in reputational risk reviews to identify, assess, manage, and report potential compliance risks.
People Management
- Educating employees through regular training and awareness sessions to promote compliance with applicable laws, regulations, and policies.
Policies, Systems, Process & Procedures
- As assigned by VP Compliance advise on the rollout and implementation of Group wide Compliance policies and procedures.
GPB & Securities Services Advisory
- Act as an SME to provide Compliance advice to internal and external (Group wide) stakeholders as required.
- Develop and strengthen relationships to promote best practice and ensure a good understanding of Compliance requirements across Global Private Banking.
- Advise Business Units with technical insights and build credibility based on an understanding of their challenges related to products, customers, and transactions.
- Supporting Global Private Banking & Securities Services to foster an open and co-operative relationship with regulatory authorities and exchanges relevant to the entities of the business and registrations as relevant to the coverage responsibilities.
- As assigned by SVP Compliance investigating actual or potential breaches of law, regulation or policy and escalate material compliance matters to senior management.
- Representing Compliance at governance meetings and relevant operational forums, reporting on key regulatory updates and compliance risks.
- Reviewing and approving new business projects and new product development.
QUALIFICATIONS & EXPERIENCE:
Minimum Qualification:
- Bachelor’s Degree or Higher in Management, Banking or Finance preferably with Certification in Compliance related subjects
- Minimum Experience
- Minimum 2 years in Banking or related financial institution.
About Us
About Us:
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB:
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization
Career Development:
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our Values:
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.
