AVP, Compliance – Custody

26 أكتوبر، 2022

0 3 2 دقائق

Job Description

Job Description
JOB PURPOSE:

To manage compliance-related matters for FAB's Custody business within Global Corporate Finance, FAB's 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 FAB's 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)

KEY ACCOUNTABILITIES:

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 FAB's 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

Qualifications
Minimum Qualification

Bachelor's degree or higher in a relevant discipline
Compliance certifications are considered an asset

Minimum Experience

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