Head Of Compliance And MLRO - ADGM - Asset Management

First Abu Dhabi Bank (FAB)

Job Description

JOB PURPOSE:

Review and ensure that anti-money laundering (AML) Policies, Procedures, and controls cover all applicable laws and regulations with a particular focus on ADGM regulatory scope and FRSA. . Review the account opening documentation and client onboarding due diligence checks in accordance with KYC procedures and requirements., Update the AML manual according to the AML Module and Internal Rules.

• Design and deliver training for business and functional teams. Ensure sufficient review of applicable audit findings and the evaluation of the businesss corrective action plans .
  
  

Key Accountabilities

• Oversee AML and counter-terrorist financing (CTF) frameworks to protect FAB Asset Management s reputation and integrity.
• Ensure fulfilment of the regulatory compliance requirements
• Conduct quality testing, identify process deficiencies, enhance reporting, and recommend corrective actions to meet regulatory and audit requirements.
• Review and collaborate with internal partners to respond appropriately to escalated matters
• Monitor & disseminate AML/compliance regulations and policy changes
• Regulatory reporting requirements
• Compliance systems (e.g .customer screening, transaction screening, AML monitoring)
• AML Policies, Procedures and Controls.
• Risk appraisals and reviews
• Training
  
  

Qualifications

• Strong knowledge of AML/counter-terrorist financing (CIF) laws and Regulations, compliance frameworks, and risk management practices, with a Certification from a recognized regulatory body .
• Robust understanding of legal and regulatory compliance
• Clear and concise written and verbal communication skills
• Good understanding of AML risk, including higher risk, Geographies, Industries and products
• Proven ability to develop and implement AML and Compliance Policies, Procedures, and internal controls.
• Minimum 8 years of experience in Compliance - AML Unit