AVP, Compliance Advisory (Emiratized)

Role Overview

Assistant Vice President, Compliance Advisory at First Abu Dhabi Bank (FAB), located in Abu Dhabi, United Arab Emirates. This is an Emiratized position.

Company Overview

First Abu Dhabi Bank is the largest bank in the UAE and one of the world's largest and safest financial institutions. FAB offers a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. The organization is committed to excellence and innovation in delivering top-tier financial solutions to clients globally.

Role Purpose

To provide compliance support and advisory services to Business and enablement units on all compliance matters as requested by the VP Compliance, with particular expertise in Global Private Banking & Securities Services. The role manages day-to-day compliance processes and follow-ups while serving as the first point of contact for compliance requirements and queries delegated by the VP Compliance.

Key Responsibilities

Strategic Contribution

• Support VP Compliance in performing annual compliance risk assessment to identify key compliance residual risks.
• Implement policies and procedures as assigned by VP Compliance and in partnership with Regulatory Compliance to assist in compliance with applicable laws and regulations pertinent to the coverage area.
• Contribute to the preparation and filing of compliance-owned periodic regulatory reporting and requests by local regulators.
• Make key contributions in reputational risk reviews as assigned by VP Compliance and in partnership with Financial Crimes Compliance to identify, assess, manage, and report potential compliance risks.

Governance & Stakeholder Management

• Represent Compliance at governance meetings and relevant operational forums, reporting on key regulatory updates and compliance risks.
• Conduct meetings with Business Units to address subjects assigned by VP Compliance.
• Support 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 coverage responsibilities.

GPB & Securities Services Advisory

• Act as a subject matter expert to provide compliance advice to internal and external Group-wide stakeholders as required.
• Develop and strengthen relationships to promote best practice and ensure good understanding of Compliance requirements across Global Private Banking.
• Advise Business Units with technical insights and build credibility based on understanding of their challenges related to products, customers, and transactions.
• Review and approve new business projects and new product development.

Policies, Systems, Process & Procedures

• Advise on the rollout and implementation of Group-wide Compliance policies and procedures as assigned by VP Compliance.

Compliance Operations & Risk Management

• Manage allotted day-to-day compliance processes and follow-ups.
• Conduct daily, weekly, and monthly follow-ups with the business as assigned by VP Compliance.
• Investigate actual or potential breaches of law, regulation, or policy as assigned by SVP Compliance and escalate material compliance matters to senior management.

Training & Employee Development

• Educate employees through regular training and awareness sessions to promote compliance with applicable laws, regulations, and policies.
• Attend all related training to attain insight of FAB's compliance turnaround, processes, and procedures.

Qualifications & Experience

• Bachelor's Degree or higher in Management, Banking, or Finance, preferably with certification in compliance-related subjects.
• Minimum 2 years of experience in Banking or related financial institution.

Additional Information

• FAB offers unique career choices, a chance to innovate, and craft solutions for the future in a performance-based culture.
• The organization provides a range of learning and development initiatives to support all employees through training and skill development.
• FAB has 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 globally.