VP & Head of Commercial Banking Compliance (UAE National)

Job Description

To manage compliance-related matters for FABs Commercial Banking Group (CBG) within the Corporate, Commercial & International Banking Group portfolio and ensuring that CBG compliance programs are effective.To provide compliance advisory support to CBG management and staff to ensure compliance with prevailing rules, regulations and best practices. This role is a global role and jobholder will be responsible for overseeing Compliance programs for CBG in the international locations where FAB is present and the CBG is engaged.Job Specific Accountabilities

• Manage the creation, implementation and monitoring of a CBG Compliance framework and plans that properly address Compliance needs and requirements in line with applicable laws, rules and regulations
• Provide regulatory second line of defence assurance, working with counterparts in all lines of defence to provide an end-to-end oversight mechanism
• Provide timely compliance advisory and support to the CBG business which focuses on small-to-medium sized enterprise (SMEs), providing a full suite of commercial banking products
• Build and maintain productive business relationships with business partners across all of CBGs product offerings
• Provide compliance advice to the business on regulatory developments from all impacted regulatory jurisdictions
• Advise on the rollout and implementation of Group-wide Compliance policies and procedures.
• Provide proactive business advice on policy initiatives, projects, new business developments and process improvements
• Act as the main point of contact for the CBG business for any related matter to Compliance, regulatory matters, and matters of conduct or financial crime
• In particular, support the business in the management of its financial crime risks and risks pertaining to know-your-customer (KYC) and due diligence requirements
• Liaise with other Compliance teams, including CCIB Compliance colleagues, Financial Crime Compliance and Regulatory Compliance teams to ensure the business is following the latest regulations and best practice
• Maintain and build an effective relationship with the businesses so that effective and proactive escalation of issues is achieved and risk managed
• Support the CBG Business in adherence to Group Compliance policies, procedures and processes and assist business management to ensure fulfilment of its regulatory responsibilities.
• Participate in key compliance initiatives and monitor Compliance-related projects for the CBG business
• Produce and review relevant MI and information prior to submission to Governance Committees and senior management
• Help with any matter related to overall management of the CCIB Compliance team.
• Execute other duties as directed by the CCIB Head of Compliance

• Bachelors degree or higher in a relevant discipline
• Compliance certifications are considered an asset

• Minimum of 10 years of experience in a reputed bank or any financial institution, with direct exposure to business banking or other small-to-medium enterprise-focused business segment
• Minimum of 7 years of experience in Compliance, with a demonstrably strong understanding of financial crime rules, requirements, risks and risk management principles
• Excellent understanding of Central Bank of the United Arab Emirates (CBUAE) requirements as they pertain to banking small-to-medium sized enterprises
• Strong interpersonal, negotiation and facilitation skills
• Excellent project management and administrative skills.
• Team player, able to meet tight deadlines and manage challenging workload
• Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy

Keyskills :
risk management Due Diligence Compliance project management Regulatory Kyc financial crime

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.