Specialist- Control Room (UAE National)

Job Description

JOB PURPOSE: The primary focus of the role is to work collaboratively with the Head of Control Room to manage the day-to-day requirements of the activities performed by the Control Room. The activities include monitoring implementation of Control Room policies and procedures, support in the management of business and personal conflicts of interest of FAB and employees, respectively, and preserving the integrity of the banks information barriers by monitoring and controlling the flow of confidential information between the banks private side businesses and public side businesses.In addition, the role is expected to enhance Control Room policies and procedures, and provide Head of Control Room with up-to-date information regarding breaches and the level of compliance with Control Room policies and procedures in the Bank. It also includes providing advice to the business teams in respect of implications of the Banks policies in relation to control room activities.The role will be assessing,identifying, documenting, managing and escalating Conflicts of Interest concerns within his/her areain line withFABs Code of Conduct and, as per the roleand responsibilities, defined in the relevant policies and procedures, including but not limited to policies around Conflict of Interest, Gift and Hospitality, Personal Account Dealing, Deal related Conflicts of Interest and Outside Business activities.KEY ACCOUNTABILITIES:

• Monitor the day-to-day activities of the Control Room and provide subject matter expert support to employees (both in the Control Room and in the business) on issues of interpretation with respect to the policies and procedures administered by the Control Room and regulatory requirements
• Review deals that are reported to the Control Room to identify any potential conflicts with other deals or activities of the bank
• Monitor results of conflict clearance checks for FAB deals and transactions and status of the entities in the watch and restricted lists
• Escalate any identified (potential) conflicts of interest to the Head of Control Room for review and clearance
• Provide guidance to the business teams on the management of potential or actual conflicts of interest and the handling of material non-public information in the business
• Provide guidance and timely responses to ad hoc queries from business including those related to trading and the restricted list and watch list
• Monitor sufficiency of information barriers within FAB, wall crossing arrangements and insider lists
• Monitor the results of review FAB employees requests for personal account dealings (PAD), outside business interest (OBI) and gifts and hospitality (G&H)
• Monitor PAD transactions of staff members to ensure all trades are pre-approved and in accordance with the PAD policy
• Monitor and escalate overdue employee Control Room attestations to Business Line Managers and Compliance
• Review conflicts of interests, breaches and non-compliance of Control Room policies, procedures and regulations identified by the Control Room team or reported to the Control Room
• Review Control Room management information and reports for the Head of Control Room
• Conduct Risk and Control Self-Assessment for Control Room activities and develop appropriate corrective actions or improvements to Control Room processes to address risks identified
• Assist in developing tailored training and awareness program on Conduct Risk, Market Abuse, Control Room activities and regulatory requirements to FAB employees and various business areas in the Bank
• Foster a close working relationship with business lines, including awareness of key business developments and any changes to procedures and practices that may impact the Control Room activities
• Perform other duties as assigned by the Head of Control Room

• A minimum of 1-2 years of experience in a global bank, preferably either in a Control Room, Compliance or Corporate and Investment banking role
• Demonstrate a genuine interest in developing a career within Banking Compliance
• Excellent analytical skills and ability to support decisions with sound reasoning
• Excellent communication skills, as the role requires constant communication with other functions within the Group
• Fluent in English

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.