Manager, Compliance Monitoring

Role Overview

Manager, Compliance Monitoring at First Abu Dhabi Bank (FAB), based in Abu Dhabi, United Arab Emirates. The role executes risk-based compliance monitoring reviews to assess whether controls are effective, ensure the Bank's Group Compliance policies and regulatory requirements are adhered to, and escalate events of material non-compliance or insufficiently mitigated risks to senior management.

Role Purpose

To conduct targeted, risk-based compliance monitoring reviews across the Bank's Group operations, identify control gaps and non-compliance issues, and drive remedial action to ensure adherence to Group Compliance policies and regulatory requirements.

Key Responsibilities

Monitoring & Review Execution

• Perform monitoring reviews within the Group covering various AML/CTF/CPF and Sanctions processes and risks.
• Review alert closure generated from transaction monitoring, payment and name screening systems.
• Monitor Suspicious Transaction Reporting and Trade Based Money Laundering processes.

Planning & Coordination

• Support development of the annual Compliance monitoring plan, monitoring schedules and associated working papers.
• Support VP & Head of Compliance Monitoring in drafting the annual Compliance Monitoring plan.
• Consult with relevant stakeholders in UAE and international locations to ensure coverage, scope and approach to delivering reviews are planned and targeted effectively.

Reporting & Escalation

• Prepare Compliance Monitoring reports and track business unit remediation activity.
• Upload issues identified on Compliance Issue Management System (CIMS).
• Contribute to preparation of periodic Management Information to Compliance or other governance committees on status and results of Compliance Monitoring.

Issue Management & Remediation

• Identify issues and gaps in compliance controls.
• Recommend and agree remedial actions to ensure compliance with FAB policies and procedures.

Methodology & Best Practice

• Contribute as a thought-leader to evaluating and refining FAB's Compliance Monitoring and review methodologies.
• Coordinate with local and global colleagues to determine and implement firm-wide and industry best practices.

Ad Hoc Support

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

Qualifications & Experience

• Bachelor's Degree or Higher in Management, Banking, Finance, or specialization in compliance, corporate governance, risk management or internal audit.
• Minimum 3 years of experience in a reputed bank or auditing firm.
• Minimum 2 years of experience in Compliance monitoring and testing activities or auditing.
• Knowledge of AML/CTF/CPF and Sanctions.