AVP- Sanctions Advisory Emiratisation Role

First Abu Dhabi Bank (FAB)

Job Description

JOB PURPOSE:

• To provide compliance support to Businesses and enablement units under responsibility area on all compliance matters as per the applicable regulatory and compliance requirements, FAB risk appetite and any other specific requirements that may apply jurisdictionally.
• Understand how FAB Group operates and maintain business, technical and product-based knowledge for the business area/s that are under responsibility.
• Understand and provide compliance advisory support for the CBUAE, SCA, UAE Federal Laws as well as FAB Group policy and procedures.
• Be the first point of contact for comprehensive risk-based support for the business area/s under responsibility and assume any further delegated responsibilities by the VP and SVP.
• Attend all Mandatory and related training to attain insight of FABs businesses, products, services as well as compliance requirements
• Provide day-to-day Compliance Business Advisory support to all business area/s under responsibility for all business-as-usual matters on an ongoing basis and as may be delegated by the Head of Compliance
• Maintain an ongoing relationship and work in close contact with Business and Group functions to ensure appropriate support is provided on all Compliance Business Advisory matters

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

Policies, Systems, Process & Procedures

• Follow all relevant policies, processes and standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
• Support the Business Units to adhere to Group Compliance policies, procedures, and processes.

Continuous Improvement

• Identify and propose opportunities for continuous improvements to Consumer Banking related systems, processes and practices based on risks and control deficiencies identified.

Reporting

• Support in preparation of MI reports for internal and external use as required by the SVP and VPs of the Consumer Banking and Global Private Banking Compliance function.

Consumer Banking Advisory and Administration

• Provide Compliance advice to internal and external (Group wide) stakeholders as required.
• Provide advice for new product reviews and financial promotions, in consultation with the VP - Consumer Banking Products, Wallet Products, Digital, Dubai First & FAB Islamic.
• Provide adequate advice on specific projects related to Consumer Banking Products, Wallet Products, Digital, Dubai First & FAB Islamic.
• Advise Business Units with technical insights and build credibility based on an understanding of their challenges related to products, customers and transactions, in consultation with the VP Compliance for Consumer Banking Products, Wallet Products, Digital, Dubai First & FAB Islamic.
• Provide updates to Consumer Banking Products, Wallet Products, Digital, Dubai First & FAB Islamic business units on compliance requirements, best practices, market news, international regulations, hot topics and regulatory changes, in consultation with the VP Consumer Banking Products, Wallet Products, Digital, Dubai First & FAB Islamic.
• Support the Business Units during the GIA audits and CBUAE audits in responding to ad-hoc requested from CBUAE and GIA auditors.
• Coordinate with Regulatory Compliance and FCC functions to provide recommendations on compliance risks.
• Coordinate with Regulatory Compliance for updated rules and regulations and disseminate to Business units accordingly.
• Connect requestors to Compliance colleagues to obtain approvals (where required), track and maintain records of decisions for the business unit.
• Provide support in breach handling and breach reporting.

Generic

• Track progress on implementation of Internal Audit and Compliance Monitoring recommendations for the Consumer Banking and Global Private Banking Compliance Team
• Support in execution and program management of financial crime related projects as per the project guidelines set by the Compliance Governance Department.

Job Context

Provide Compliance support to the areas under coverages which are:

• Consumer Banking Products
• Wallet Products
• Digital Banking
• Dubai First (DF)
• FAB Islamic

Specific Accountabilities:

• Provide Compliance advice to internal and external (Group wide) stakeholders as required.
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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.
• Any other compliance qualification and accreditation obtained from the reputable institutions such as ICA, ACAMS, CISI etc would be an advantage.

Minimum Experience

• At least 8 years of experience in a compliance, risk, and audit function.
• Experience in all or at least in one of the business areas under responsibility