Senior Manager Compliance International Business Group

30 سبتمبر، 2022

0 5 4 دقائق

Job Description

JOB DESCRIPTION
Role : Senior Manager Compliance International Business Group
Location : Abu Dhabi
Role Purpose:
The Senior Manager Compliance IBG will assist the Head of Compliance IBG for managing, overseeing and ensuring the implementation and maintenance of compliance program, framework, policies and procedures of ADIB Group international locations and to provide guidance, direction and assurance on application of Group wide Compliance policies and procedures while managing compliance with applicable local regulatory requirements. The Senior Manager Compliance IBG is responsible for supporting Head of Compliance IBG in establishing oversight on the management of respective compliance risks across ADIB Group international locations
Key Accountabilities of the role
Strategy Contribution
. Ensure effective implementation of the Group's Compliance strategy within IBG to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
People Management
. Manage and lead the Compliance IBG team by setting individual objectives, managing performance, and motivating team members to develop their skills and maximise performance.
. Support the Compliance Governance & Assurance team in developing and delivering Compliance related training to ADUV Group international locations.
. Provide guidance and on the job training for respective locations Compliance colleagues and conduct knowledge sharing sessions.
. Identify the Compliance IBG team resource shortfalls against the GCD capacity plan and regulatory requirements.
. Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value-driven culture within the Group.
Budgeting and Financial Planning
. Provide necessary inputs and recommend the Compliance IBG team's budget to the Group Head of Compliance, IBG and local management and monitor adherence to budget, while ensuring all sectional activities are conducted in line with the approved guidelines.
Policies and Processes
. Support the international locations Compliance Officers in adoption of Group Compliance policies and procedures reflecting compliance with local regulatory requirements.
.Ensure that IBG have appropriate Compliance policies and procedures for their business and operations.
. Ensure that IBG Compliance policies and procedures remain updated, relevant, and communicated to all stakeholders.
. Identify opportunities for continuous improvements to Compliance related systems, processes, and practices based on risks and control deficiencies identified and ensure risk mitigation activities required are executed
Compliance IBG
. Be the main point of contact for GCD Units for questions to or from an international location related to Financial Crime Compliance, Compliance Advisory, Regulatory Compliance, Compliance Governance, Monitoring and Testing.
. Keep abreast of related laws, regulations, and best practices pertaining to international locations and assess its impact on ADIB Group.
. Develop and strengthen relationships to promote best practices and ensure a good understanding of Compliance requirements across the IBG.
. Monitor key compliance risks across the international locations and ensure that all Compliance risks are appropriately identified through risk assessments (FCRA and RCSA) performed across Business units and the Compliance function in international locations, risk mitigation plans are in place, risk mitigation activities are tracked and executed
. Conduct periodic visits to international locations to assess execution, adequacy and effectiveness of compliance risk management activities.
. Support GCD units in establishing oversight on the management of respective compliance risks across international locations and primarily accountable with GCD for oversight, escalation and management of compliance risks in IBG locations
. Coordinate with GCD units for SME inputs and provide direction to international locations Compliance Officers in initiating actions to manage compliance risks.
. Support international locations on the execution of Compliance Monitoring Plan and Compliance Special Reviews with subject matter input from Head of CMAT, oversighting and ensuring that plans and reviews are executed
. Coordinate with GCD units for SME inputs and advice for all AML/CTF, Sanctions, Anti-Bribery and Corruption, KYC/CDD, and Regulatory Compliance queries associatedwith ADIB international locations ensuring the risks are adequately managed and mitigated
.Work closely and collaboratively with GCD subject matter experts, conveying the requirements and ensuring the implementation in the relevant international location.
. Oversee regulatory inspections at international locations.
. Own and sponsor all regulatory relationships across IBG
. Represent GCD in all regular Head Office IBG Support and Development forums together with GCD head office subject matter experts as required
. Ensure timely remediation of Compliance related gaps identified in RCSA, internal/external audits, regulator's supervisory audits related to international locations.
. Lead/participate in Compliance related projects for IBG as per the project guidelines set by the Compliance Governance and Assurance team.
Reporting
. Ensure that periodic Compliance MIS reports from international locations are prepared which flag key Compliance risk and controls indicators, providing meaningful and timely compliance risk reporting and tracking, and ensure timely submission of the Compliance MIS to key stakeholders in GCD and Compliance Committees.
. Ensure that the Group Board and Management Committees, Group Head of Compliance, and the Group's Senior Management are well informed of critical IBG Compliance plans, initiatives, and issues/violations.
. Ensure timely submission of MLRO report to Group FCC Unit (for review) and regulators (wherever applicable).
Relationships across the 3LOD:
. Liaise with Group Audit and Risk Management departments on IBG Compliance-related matters.
. Liaise with First Line of Defense units across the IBG to understand the scope of compliance risk to help embed the IBG Compliance Framework.
Skills and experiences required
. Master's or Bachelor's Degree in Science, Finance, Business, or a related subject. Certification in compliance or risk management.
. 10+ years of Compliance experience gained at a top tier international bank, which includes 5+years of experience managing Compliance teams.
Experience in advising or working in a Compliance function with a focus on delivering a robust compliance program.
. Strong track record in dealing and managing regulators and other stakeholders.
. Strong interpersonal skills with the ability to communicate with impact, build healthy professional connections, influence outcomes, simplify complex topics into actionable recommendations for decision-making.
. Independence and objectivity to evaluate compliance breaches/matters.
. Exceptional knowledge of all aspects of compliance and the relevant regulatory requirements.
. Ability to perform innovative thinking to solve complex problems with no established precedence while balancing risk, speed, and accuracy.
. Acquire all necessary professional qualifications.
. Pursue professional development in all Compliance areas relevant to IBG businesses