AVP, Compliance Advisory AVP, Compliance Advisory …

First Abu Dhabi Bank
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 01 Dec 21
Competitive
First Abu Dhabi Bank
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 01 Dec 21
Competitive
See job description for details
Company Description

Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
  • To provide compliance support to Business and enablement units on all compliance matters as requested by the VP Compliance. Where the AVP will run with the allotted day to day processes and follow ups.
  • Understand technical details in Personal Banking Group 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
  • Act as the lead in Compliance related projects as assigned by the VP Compliance.
Support the VP for being the first point of contact for the business and other enablement units.
  • Responsible for the daily communication and queries from the business and escalating to VP Compliance issues for further review and recommendation if required as per delegation
Support the VP and act as a compliance role model to the business teams and other enablement.

Carry out VP instructions to support the Business Units and other enablement units to adhere to Group Compliance policies, procedures and processes.
  • Attending for daily actions from compliance.
  • Monitoring and supporting daily actions of Manager compliance
Support the VP to develop, strengthen and manage relationships with business and other enablement units to promote best practice and ensure a good understanding of Compliance requirements.
  • Taking ownership of projects assigned by VP compliance
  • Assist in developing process and procedure according to VP instructions
Attend periodic compliance-business meetings with the heads of business and other enablement units.
  • Being part of the meetings' management and setup
  • Managing minutes of meeting and follow up upon VP request.
  • Following up on agreed open issues and escalating to VP when required.
  • Understand the end to end processes of the business and other regulatory requirements.
Demonstrate FAB values

Business Banking
  • Account Exit follow up: Receiving the list of accounts to be exited from FCC. Communicate to the BBG SPOC and receiving the update. Once the update is received PB Compliance will go through the list and review the feedback. Attain the Data Analytics on the status of the accounts, compare the results and prepare the final report to be sent to FCC.
  • Provide guidance and advice on client KYC related matters and screening matches
  • Financial Promotions, Gifts / Hospitalities: review business requests and attain final approval from VP / AVP before communication final recommendation to the Business
  • General Compliance advisory: review the business queries and attain final approval from VP / AVP before communication final recommendation to the Business.
  • EWRA: Assist in the rollout and follow-up of the EWRA as instructed by VP
  • Risk and control self-assessment (RCSA): Assist in the rollout and follow-up of the RCSA as instructed by VP
  • Audit Issues: follow up on audit issues (Internal / External) as instructed by VP
  • Maintain logs for the KRIs as instructed by the VP
  • Review new Products Programs Policies, Procedures and other governance documents and circulation from compliance perspective as advised by VP compliance and provide recommendation for VP Compliance
  • Support VP Compliance on Business new initiates as requested.
  • Work with FCC and Business to complete Compliance Committees memos and risk undertaking
  • Assisting Business Governance in following up and escalating cases and issues to Business senior management
  • Acts as products and process subject matter expert, provides expert advice on both Regulatory Compliance (RC) and Financial Crime Compliance (FCC) risks associated with all of Business activities after attaining approval from VP compliance
Elite and Private Banking
  • Account Exit follow up: Receiving the list of accounts to be exited from FCC. Communicate to the BBG SPOC and receiving the update. Once the update is received PB Compliance will go through the list and review the feedback. Attain the Data Analytics on the status of the accounts, compare the results and prepare the final report to be sent to FCC.
  • Provide guidance and advice on client KYC related matters and screening matches
  • Financial Promotions, Gifts / Hospitalities: review business requests and attain final approval from VP / AVP before communication final recommendation to the Business
  • General Compliance advisory: review the business queries and attain final approval from VP / AVP before communication final recommendation to the Business.
  • EWRA: Assist in the rollout and follow-up of the EWRA as instructed by VP
  • Risk and control self-assessment (RCSA): Assist in the rollout and follow-up of the RCSA as instructed by VP
  • Audit Issues: follow up on audit issues (Internal / External) as instructed by VP
  • Maintain logs for the KRIs as instructed by the VP
  • Bloomberg Compliance breaches: communicate the daily breaches report to the business and follow up (breach report / closure)
  • Review new Products Programs Policies, Procedures and other governance documents and circulation from compliance perspective as advised by VP compliance and provide recommendation for VP Compliance
  • Support VP Compliance on Business new initiates as requested.
  • Work with FCC and Business to complete Compliance Committees memos and risk undertaking
  • Assisting Business Governance in following up and escalating cases and issues to Business senior management
  • Acts as products and process subject matter expert, provides expert advice on both Regulatory Compliance (RC) and Financial Crime Compliance (FCC) risks associated with all of Business activities after attaining approval from VP compliance.
  • Review new investments for clients who are nationals of sanctioned countries and provide final recommendation to Business
  • Conducting Compliance training to the business as per VP Compliance instructions
  • Following up with the business on SCA required reporting (monthly, Quarterly, Semi-Annual and Annual)
  • Assist in the license renewal process as instructed by VP compliance
  • Attending general meetings and committees with the business as requested by VP Compliance
Qualifications

Minimum Qualification
  • Bachelor's Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML/CFT, Financial Crime or Risk Management.
Minimum Experience
  • Minimum of 5 years' experience at a reputable bank
  • Minimum of 3 years' experience at a PB compliance role
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