AVP, Compliance

Role Overview

Assistant Vice President, Compliance at First Abu Dhabi Bank, responsible for establishing and leading the Group-wide Compliance Assurance function to verify regulatory compliance and adherence to internal policies across the organization.

Company Overview

The Compliance Assurance Unit is responsible for conducting the Group Compliance Assurance Review programme to verify that the Group complies with regulatory requirements and internal compliance policies and procedures. The function maintains a log of all compliance-related issues across the Group and aids in the development of compliance reports to support the OPFO, GCC and BRCC.

Role Purpose

To establish an effective Group-wide Compliance Assurance function, develop a Compliance testing plan and execute risk-based compliance testing reviews to assess whether controls are effective in ensuring the Bank's Group Compliance policies and regulatory requirements are being adhered to, and escalate to senior management events of material non-compliance or insufficiently mitigated risks.

Key Responsibilities

Compliance Testing & Review Execution

• Perform testing reviews within the Group.
• Execute Compliance testing reviews (desk and thematic) in accordance with the testing plan and procedure, including control design assessment and operational effectiveness testing.
• Support in the development of the annual UAE testing plan, testing schedules and associated working papers.

Planning & Coordination

• Consult with relevant departments in the UAE to ensure that the coverage, scope and approach to delivering reviews are planned and targeted effectively.
• Contribute as a thought-leader to evaluating and refining Compliance Testing and review methodologies, coordinating with local and global colleagues to determine and implement firm-wide and industry best practices.

Reporting & Issue Management

• Prepare testing reports and track business unit remediation activity.
• Upload issues identified on Compliance issue management system.

Team Support

• Support Compliance Assurance team members on any ad hoc tasks as applicable.

Qualifications & Experience

• Bachelor's Degree or Higher in Management, Banking or Finance.
• Minimum of 4 years of experience in a reputed bank or auditing firm.
• Minimum of 2 years' experience in compliance monitoring and testing activities or in auditing.
• Certification in compliance, corporate governance, risk management or internal audit (preferred or beneficial).

Skills & Competencies

• Expertise in compliance monitoring and testing methodologies.
• Knowledge of regulatory requirements and internal compliance policy frameworks.
• Risk-based assurance review planning and execution.
• Control design assessment and operational effectiveness testing.
• Issue tracking and remediation management.
• Thought leadership in compliance testing practices and industry best practices.