VP, Regulatory Compliance Enterprise First Abu Dhabi Bank FAB

Posted on 9 Dec

Experience

10 - 15 Years

Job Location

Abu Dhabi - United Arab Emirates

Education

Bachelor of Laws (LLB)(Law), Bachelor of Commerce(Commerce)

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

Job Specific Accountabilities

  • Regulatory Horizon Scanning
    • Continuously monitor and identify upcoming regulatory changes that may affect the bank.
    • Conduct regular horizon scanning for new regulations, guidelines, and financial services industry standards.
    • Keep internal stakeholders informed of potential regulatory changes and provide early warnings where necessary.
    • Prepare reports for senior management highlighting key upcoming regulations and regulatory changes.
  • Regulatory Gap Analysis
    • Conduct regulatory gap analysis to assess the bank s current compliance levels against new or evolving regulations.
    • Identify areas of non-compliance or improvement within the bank s current policies and procedures and notify the same to the Head of Regulatory Change and Risk Management.
    • Collaborate with business units and other compliance colleagues to develop plans to address any gaps and ensure alignment with regulatory requirements.
  • Regulatory Initiatives Implementation
    • Oversee the implementation of regulatory initiatives across the bank by coordinating with relevant stakeholders.
    • Monitor the progress of regulatory implementation projects and report any delays or issues to the Head of Regulatory Compliance.
  • Centralised Tracking of Regulatory Projects
    • Collaborate with CPMO on progress updates of their centralised tracking for all regulatory projects within the bank.
    • Ensure that CPMO adequately document and track all regulatory projects (including overdue projects and action plans) from initiation to completion.
    • Provide regular updates and reports on the status of regulatory projects to senior management and Regulatory Compliance Team.
  • Overview of Regulations Tracking and Reporting
    • Oversee the tracking of ongoing and upcoming regulations, ensuring that the bank is compliant with all current regulatory requirements.
    • Prepare and deliver regular reports to the Head of Regulatory Compliance and other stakeholders, summarising regulatory developments, key risks, and the status of compliance initiatives.
    • Ensure that all regulatory changes are communicated clearly and promptly to the relevant internal stakeholders.
  • Stakeholder Engagement
  • Build strong relationships with internal and external stakeholders, to ensure effective collaboration on regulatory changes.

Desired Candidate Profile

  • Bachelor's degree in finance, Law, Business, or a related field.

  • 10+ years of experience in regulatory compliance, preferably within the financial services or banking sector.

  • Strong knowledge of regulatory frameworks, both local and international, applicable to banking.

  • Excellent analytical skills for conducting regulatory gap analyses and interpreting draft regulations.

  • Strong project management skills to ensure timely and effective implementation of regulatory changes.

  • Excellent communication and interpersonal skills to liaise with both internal and external stakeholders.

Ability to manage multiple projects and deadlines in a fast-paced environment.

  • Regulatory Knowledge: In-depth understanding of local and international regulatory frameworks and how they apply to the banking sector.

  • Project Management: Strong ability to manage and implement regulatory initiatives, ensuring timely execution and tracking of regulatory changes.

  • Analytical Thinking: Proficient in conducting regulatory gap analyses and assessing the impact of regulatory changes on bank operations and processes.

  • Stakeholder Management: Excellent written and verbal communication skills to coordinate with internal teams and liaise with regulators to ensure compliance.

  • Attention to Detail: High level of accuracy in tracking regulatory changes, managing documentation, and reporting compliance updates

Company Industry

  • Banking
  • Financial Services
  • Broking

Department / Functional Area

  • Finance
  • Treasury

Keywords

  • VP
  • Regulatory Compliance Enterprise

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First Abu Dhabi Bank FAB

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Read More

https://ehjd.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX/job/304

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