AVP - Compliance - Custody

Job Description

JOB PURPOSE:

• To manage compliance-related matters for FABs Custody business within Global Corporate Finance, FABs investment banking arm within its Corporate and Investment Banking portfolio ensuring that compliance programs are effective with respect to the Custody business in the United Arab Emirates, and across FABs Middle East and North African franchises.
• To provide compliance advisory support to Custody business 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 the Custody business in the international locations where FAB is present and custodian services are offered (principally across the Gulf Cooperation Council (GCC) countries and Egypt)

• Within the GCF Compliance framework, ensure that risks applicable to the Custody business are adequately addressed, 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 Custody business and with respect to investor services generally
• Build and maintain productive business relationships with business partners across the Custody business, and the countries in which Custody services are offered
• Provide compliance advice to the business on regulatory developments from all impacted regulatory jurisdictions, especially with respect to the various Capital Markets Authorities with regulatory jurisdiction over FABs Custody business in the GCC and North Africa
• 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 Custody business for any related matter to Compliance, regulatory matters, and matters of conduct or financial crime
• Liaise with other Compliance teams, including CIB Compliance colleagues, International Compliance, Financial Crime Compliance and Regulatory Compliance teams to ensure the business is following the latest regulations and best practice
• In particular, liaise with the Heads of Country Compliance in the countries where FAB holds a licence to do custody business to ensure that local regulatory requirements and norms are upheld
• Maintain and build an effective relationship with the business so that effective and proactive escalation of issues is achieved and risk managed
• Support the Custody 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 Custody 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 Global Corporate Finance Compliance team
• Execute other duties as directed by the GCF Head of Compliance

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

• Minimum of 7 years of experience in a reputed bank or any financial institution, with direct exposure to investor services businesses and custody product offerings
• Minimum of 5 years of experience in Compliance, with a demonstrably strong understanding Capital Markets Authority rules pertaining to custody products, as well and the underlying licensing and permissioning required to sell such products
• Strong interpersonal, negotiation and facilitation skills
• Robust 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 :

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.