VP- Compliance – Commercial Banking Group

15 سبتمبر، 2022

0 3 2 دقائق

Job Description

Job Description
To manage compliance-related matters for FAB's 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 d enterprise (SMEs), providing a full suite of commercial banking products
Build and maintain productive business relationships with business partners across all of CBG's 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

Qualifications
Minimum Qualification

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

Minimum Experience

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 d 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