Assistant Vice President Compliance Advisory

About the company

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.

Life at FAB Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.

Our values At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally. We reward your hard work and dedication.

Your tasks

To provide compliance support to business and enablement units on all compliance matters as requested by the VP Compliance. The manager will run the allotted day-to-day processes and follow-ups. Understand technical details in global private banking and securities services and related compliance requirements to become the first point of contact for requirements and queries delegated by the VP Compliance.

Attend all related training to attain insight into FAB's compliance turnaround, processes, and procedures. Be involved in the day-to-day compliance deliverables as requested by the VP Compliance. This includes daily, weekly, and monthly follow-ups with the business as assigned by the VP Compliance. Conduct meetings with the business to address subjects assigned by the VP Compliance.

Strategic contribution

• As assigned by VP Compliance and in partnership with Regulatory Compliance, implement policies and procedures to assist in compliance with applicable laws and regulations pertinent to the coverage area.
• Support VP Compliance in performing annual compliance risk assessments to identify key compliance residual risks.
• Contribute to the preparation and filing of compliance-owned periodic regulatory reporting and requests by local regulators.
• As assigned by VP Compliance and in partnership with Financial Crimes Compliance, make key contributions in reputational risk reviews to identify, assess, manage, and report potential compliance risks.

People management

• Educate employees through regular training and awareness sessions to promote compliance with applicable laws, regulations, and policies.

Policies, systems, process & procedures

• As assigned by VP Compliance, advise on the rollout and implementation of group-wide compliance policies and procedures.

GPB & securities services advisory

• Act as a subject matter expert to provide compliance advice to internal and external (group-wide) stakeholders as required.
• Develop and strengthen relationships to promote best practices and ensure a good understanding of compliance requirements across global private banking.
• Advise business units with technical insights and build credibility based on an understanding of their challenges related to products, customers, and transactions.
• Support global private banking and securities services to foster an open and cooperative relationship with regulatory authorities and exchanges relevant to the entities of the business and registrations as relevant to the coverage responsibilities.
• As assigned by SVP Compliance, investigate actual or potential breaches of law, regulation, or policy and escalate material compliance matters to senior management.
• Represent compliance at governance meetings and relevant operational forums, reporting on key regulatory updates and compliance risks.
• Review and approve new business projects and new product development.

Requirements

Minimum qualification

• Bachelor's degree or higher in management, banking, or finance preferably with certification in compliance-related subjects.

Minimum experience

• Minimum 2 years in banking or related financial institution.

What we offer

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.